Fraud Prevention for AP and AR

By Pam Miller, APMD Every AP professional knows that strong internal controls and passwords are the first line of defense in protecting critical information from hackers and fraudsters. However, in

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By Pam Miller, APMD Fraud can occur in any organization and is often perpetrated by an unsuspected long-time staffer. In fact, one of your most “trustworthy” employees may be taking advantage of

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Fraudulent and non-compliant spending costs organizations hundreds of thousands of dollars each year. Of the $1 billion in transactions analyzed for a recent T&E Spend Analysis Report produced by… Read More

One of the most frequent objections to p-card use is the concern that the cards will not be used properly and thus will put the organization at risk. But these objections can be easily overcome by

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Accounting professionals in AP departments need to focus on the basic building blocks to provide a firm foundation to protect themselves and their organizations from scandal. Accounts payable… Read More

Although the number of payments made by check is declining, checks are still the easiest target for fraudsters. Accounts Payable is on the front line when it comes to foiling the fraudsters, so it is

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Occupational fraud and abuse is a widespread problem that affects practically every organization, regardless of size, location or industry. So says the Association of Certified Fraud Examiners'

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Employees like using smartphones because the devices are flexible, versatile, and convenient. And now, the devices are increasingly being accepted by employers because smartphones can substantially

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Fraud and theft are possible in every company because most firms don’t think it will happen to them. No one is looking for signs something is wrong. But it does happen. A study done at a time when

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Ray Podraza, Bank of America, offers a checklist of steps that help to prevent both check and electronic fraud. Convert payments to ACH and other electronic methods Separate accounts for electronic

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