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.

On an otherwise quiet morning in January 2022, Accounts Payable Manager Robert Martinez received a “Code Red” message at his home from the IT Department at Bernalillo County, New Mexico. The… Read More
Fraud is happening everywhere, all the time — but often, we never hear about it. When it’s a matter of internal fraud perpetrated by an employee, quite often the individual is simply fired and… Read More
External and internal fraudsters, scammers and other malicious individuals are always on the lookout for an easy way to lure your organization to release funds and divulge confidential information.… Read More
Q. We recently moved to Workday for our finance team and I am wondering if anyone can suggest any… Read More
Imagine this scenario. A procurement executive that you often work with calls you and says, “We’ve got an emergency on our hands. We need to get this $125,000 payment wired out today or… Read More
The Association of Certified Fraud Examiners (ACFE) has released its 2022 Report to the Nations. The study reviewed over 2,100 cases of occupational fraud from 133 countries. Fraud examiners estimate… Read More
Q. I’m working on preparing some internal training for staff around fraud awareness, business… Read More
Q. I am reaching out because we do fraud specific training each year and I was wondering if you… Read More
Q. My company is in the payments industry and issues Form 1099-K for merchant's payment card… Read More
Q. What plans, policies, or procedures does your AP organization have in place in the event of a… Read More

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