Fraud & Abuse

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Here is a case in which $1.1 million was embezzled from a private investment firm. The accused employee had access to six of the company's bank accounts. In a period of three years, she wrote several

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Why Auditors Aren't Enough When to Bring in the Forensic Accountant The Interview Process Other Signs You Need a Forensic Accountant Who Makes the Call? Justifying the Expense When is an… Read More

The Foreign Corrupt Practices Act of 1977 (FCPA) is a federal law that has implications for AP professionals. FCPA has two provisions: Anti-bribery: Its anti-bribery provision makes it illegal for

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By Kerry Schmidt, APMD A previous article in Managing Accounts Payable addressed some of the overarching implications of smart phones in today's workplace. Here we dig a little deeper, look at mobile

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Another Step Toward Preventing Fraud The CEO of a multi-million dollar manufacturing plant received numerous tips that an employee within the organization's accounts payable department was committing

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Accounts payable, beware. Just when you thought every fraudulent scheme that could be conceived already has been, you learn better. Yet another scam artist has devised a way to pilfer money from your

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Swiper, No Swiping! Have you heard the news? The word on the corporate block is white collar criminals are making out like the little masked fox in Dora the Explorer. Swiper may be cute; real

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A large manufacturer conducting a surprise internal AP audit, discovered that a trusted employee of 24 years had stolen more than $2 million from the company.

The employee, a senior employee in the

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As payments increasingly move from checks to other payment methods, the fraudsters are following. ACH, once virtually fraud free, has seen a rise in fraudulent activity as barriers to the use of ACH

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Variations and Additional Strategies, Including an EFT Tip Reverse Positive Pay Reverse Positive Pay is an alternative offered by many financial institutions. It is an excellent source for companies

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