Fraud Prevention for AP and AR

Fraud is an ever present threat for AP and AR practitioners. The pages in this section will help you take appropriate steps to prevent fraud - or, understand what to do if you think you are the victim.

Electronic Payments Stop Check Fraud—But They Don’t Stop Fraud

All fraud prevention experts, from Frank Abagnale to Professor Clayton Gillette of New York University, agree that electronic payments are the best defense against fraud. It’s much more difficult

Beware of Service Sweethearting

A new study led by two Florida State University marketing professors finds that employees who work repeatedly with clients or vendors may develop "service sweethearting" tendencies. The term service

Fraud Prevention: The Cure for Schaden-Fraud

Are you guilty of schaden-fraud? - Schadenfreude (pronounced shahd-n-froi-duh) is a German word describing an interesting quirk of human nature in which people take pleasure in the misfortune of… Read More

Technology — A Double Edged Sword

Today’s computer technology has made it far easier for forensic accountants like Michael Kessler to follow a “paper” trail in tracking down fraud. “Sophisticated computer databases make it

CSI with Numbers

The TV series “CSI-Crime Scene Investigation,” has brought forensics to the attention of popular culture. But in recent years, a new type of forensics investigation has burst on the scene in