Fraud Prevention for AP and AR

"The number of embezzlements occurring in businesses today is staggering – and even more so when you consider that only one out of nine cases is publicized," says Stephen Pedneault, principal of… Read More

David A. Brookmire, president Corporate Performance Strategies The implementation of Sarbanes-Oxley Act to date has been the primary responsibility of the finance function to implement and monitor.

… Read More

It seems like the fraudsters are getting more and more brazen every day. Copying or altering checks is no longer enough for them – they have graduated to stealing an organization's user IDs and

… Read More

One of the most frequent concerns senior management has about instituting a p-card program is that the cards can conceivably put the organization at risk for financial loss in the event of fraud.This

… Read More

Current UCC Codes outline specific check fraud responsibilities for banks and corporations. Court decisions have established guidelines for legal responsibilities, and failure to meet these

… Read More

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

… Read More

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

… Read More

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

… Read More

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

… Read More