Fraud & Abuse

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Q. What is best practice when an invoice is received by AP and the bank details on the invoice do… Read More

T&E fraud is the most frequent type of employee fraud.

The so-called "fraud triangle," developed over 50 years ago by Donald Cressey, helps explain why. The three sides of the fraud triangle are

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T&E fraud is the most frequent type of employee fraud. The so-called "fraud triangle," developed over 50 years ago by Donald Cressey, helps explain why. The three sides of the fraud triangle are… Read More

Strong internal controls and proper training are proven deterrents to fraud. In recently reported cases, Accounts Payable professionals have been able to keep potential malicious intruders at bay,

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As fraud expert Rocco Lueck, Assistant Professor of Accounting and Risk Management at Hilbert College, noted at a recent IOFM AP & P2P Conference, "Accounts Payable professionals cannot

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As fraud expert Rocco Lueck, Assistant Professor of Accounting and Risk Management at Hilbert College, noted at a recent IOFM AP & P2P Conference, "Accounts Payable professionals cannot completely… Read More

Alan Wenk, corporate accounts payable manager at the Performance Contracting Group in Lenexa, Kansas, believes that AP professionals can sometimes lose sight of the “whys and wherefores”

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Alan Wenk, corporate accounts payable manager at the Performance Contracting Group in Lenexa, Kansas, believes that AP professionals can sometimes lose sight of the “whys and wherefores” of… Read More
Alan Wenk, corporate accounts payable manager at the Performance Contracting Group in Lenexa, Kansas, believes that AP professionals can sometimes lose sight of the “whys and wherefores” of… Read More
When looking at the damaging effects of fraud on a business, three major companies come to mind: WorldCom, Enron, and Toys ‘R’ Us. In each of these cases, weak or nonexistent internal controls… Read More

Q. (cont.) Does anyone use a third party to check the account info? If so, what information is

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Q. (cont.) ... to validate additions or changes to banking information on ACH payments. We are

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From our advisory panel: ----- I have a process in place with my team for all remit

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