As Fraud Proliferates, Internal Controls Become a Priority

October 10, 2018

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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 internal controls. “Organizations put internal controls in place to safeguard assets, prevent and detect both fraud and errors, reduce the organization’s exposure to risk, and ensure that management is provided with the information needed to perform tasks and meet goals,” says Wenk. "Yet despite the…

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