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Recommended Resources for AP Fraud Screening Best Practices
February 26, 2025
Q. Do you have any recommended sources for industry standards and best practices around AP fraud screening queries (items around vendor maintenance - modifications, employee data matching vendors; duplicates; Bank Account validations; etc.)? To ensure we stay up to date on any newly recommended best practices and or new software.
A.
(Answered by IOFM's third-party Vendor Master File Advisor and Fraud expert)
This is a very big question! There is no real industry standard for avoiding fraud in…
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