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.

Controllers Are the First Line of Defense in Keeping Organizations Aboveboard

By Dawn Hackney, Corporate Controller, Meridien Research and Insearch Whether private or public, companies must avoid ethical and financial misconduct. Although privately held companies do not have

Smart Ways Keep Your Eagle Eye on Payments

We like to think the best of the people with whom we work and do business, but the sad truth is that fraudsters are ever lurking, looking for ways to cheat companies out of their hard-earned… Read More

Accounts Payable Briefs

They May Be Old Scams, but They Still Work A recent survey of 259 attendees at the Association for Financial Professionals (AFP) Annual Conference reveals that 23 percent of the participants had

Women Achieve Parity with Men – But Not in a Good Way

By Pam Miller, APMD A recent AP & P2P Network article about fraud referenced a fraud that occurred in a nonprofit organization where two women independently and simultaneously defrauded that

After the Fraud

By Pam Miller, APMD Recently, the media featured a story of a fraud with a twist. A nonprofit was being undermined by two fraudsters working completely separately, yet at the same time. One fraudster

Open Computers = Open Season

By Pam Miller, APMD Every AP professional knows that strong internal controls and passwords are the first line of defense in protecting critical information from hackers and fraudsters. However, in

An Unlikely Fraudster Might Be Operating Right Under Your Nose

By Pam Miller, APMD Fraud can occur in any organization and is often perpetrated by an unsuspected long-time staffer. In fact, one of your most “trustworthy” employees may be taking advantage of

Expenses: Two Ways ‘Bad Actors’ Cost Companies Money

Fraudulent and non-compliant spending costs organizations hundreds of thousands of dollars each year. Of the $1 billion in transactions analyzed for a recent T&E Spend Analysis Report produced by… Read More

Establish P-Card Suspension and Cancellation Procedures

One of the most frequent objections to p-card use is the concern that the cards will not be used properly and thus will put the organization at risk. But these objections can be easily overcome by

Focus on the Basics to Build Good AP Practices

Accounting professionals in AP departments need to focus on the basic building blocks to provide a firm foundation to protect themselves and their organizations from scandal. Accounts payable… Read More