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Conducting a Fraud Risk Assessment of the Accounts Payable Lifecycle
The Accounts Payable (AP) lifecycle is essential for smooth financial operation of any organization, but it can also be a target for fraud. From invoice manipulation and duplicate payments to cyberattacks and insider schemes, the risks can be significant if not properly managed.
In this white paper, we delve into the key fraud risks affecting your AP process and provide actionable strategies to help safeguard your organization’s financial integrity. You’ll learn common fraud schemes, how to assess fraud risk, fraud mitigation techniques, and best practices for continuous protection. After reading, you’ll minimize the financial losses and reputational damage caused by fraud and improve the effectiveness of your internal controls.
Download today to protect your organization from fraud risks and maintain strong financial processes by conducting a fraud risk assessment of your AP lifecycle.
Continuing Education Credits available:
Receive 1 CEU towards IOFM programs:
Receive 1 CEU towards maintaining any AP and P2P related program through IOFM! These programs are designed to establish standards for the profession and recognize accounts payable and procure-to-pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the financial operations body of knowledge.
Continuing Education Credits available:
Receive 1 CEU towards IOFM programs:
Receive 1 CEU towards maintaining any AR and O2C related program through IOFM! These programs are designed to establish standards for the profession and recognize accounts payable and procure-to-pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the financial operations body of knowledge.
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