Fraud Prevention for AP and AR

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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.

Confirming Remittance Changes Despite Language Barriers and Time Zone Differences by Debra R. Richardson When a U.S. vendor makes a change to its banking details for an electronic payment or a… Read More
Q. Is there a third party vendor that can do yearly in depth trainings on new frauds and… Read More
by Debra R. Richardson The IOFM article What Is Artificial Intelligence and How Does It Impact Finance Operations? provides a great background, current and future use of artificial intelligence… Read More
An Interview with Lorri Derbowka Airdrie, Alberta, is one of the fastest growing cities in Canada. It is also the highest city in Canada with an elevation of 3,602 feet.  But that’s not the only… Read More
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

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