Fraud & Abuse

Don't Let the Phishers and Fraudsters Win

Keep Your Organization Safe from Vendor Payment Fraud Attempts

Judging from recent news reports—and from what IOFM is hearing from its financial operations professionals—cyber threats are

Best practices for vendor fraud prevention

Q. What are some of the best practices the panelists have deployed to control vendor bank… Read More

What to Do to Avoid T&E Red Flags

Controlling costs is a top priority for every organization. Plus, employee fraud—check tampering, phony payments, and expense report trickery—is an ongoing worry. Employee travel and… Read More

Internal Controls & Risk Management Master Class

Course type: Self-study | On-demand

Registration fee: $195 per learner

IOFM CEUs available: 3

Estimated learning hours: 1-3

Course description: Implementing risk management

Administrative rights on accounting software

Q. Previously, our HR person held administrative rights on our accounting software because she was… Read More

Verification of vendor master file requests

Q. How do companies verify whether a vendor master request was truly made by the vendor and is not… Read More

Bank details on invoice do not match information on file

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

How to Spot a T&E Fraudster

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

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

IOFM-Trained AP Hero Prevented Her Organization from Being Bilked for $120,000

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,

Vendor Fraud: IOFM Training Keeps AP Pros on Their Toes

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

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