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.

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
While technology can — and should — go a long way toward preventing cybercrime, this responsibility will almost certainly fall to an organization’s IT department. However, cybercriminals also… Read More
A recent benchmarking report by the Association of Certified Fraud Examiners (ACFE) explored organizational training programs that educate employees about fraud. The survey polled over 1,700 ACFE… Read More
If you want something done right, you have to do it yourself. While this philosophy may be empowering when it comes to auto repair or cooking, applying it to accounts payable is a one-way ticket to… Read More
It is every American’s civil duty to keep cash out of the hands of criminals (including fraudsters) and terrorists, and people who work in accounts payable departments have an even greater… Read More
Q. We recently discovered that a payment we released went to a fraudulent vendor. It was a phishing… Read More

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