Fraud & Abuse

Accounts Receivable Manager Certification (ARM) – Self-Study Online Course

Course Description

The course is designed to equip you for both managing your team now and preparing to manage your team in the future—by understanding and embracing best practices,

Effective Internal Controls Ensure AR Security at Weight Watchers International, Inc.

The importance of effective internal controls in AR departments at both private and public companies cannot be overstated. Internal controls are the key to maintaining an efficient operation,… Read More

Internal Controls & Risk Management Master Class

Course type: Self-study | On-demand

Registration fee: $249 per learner

IOFM CEUs available: 3

Estimated learning hours: 1-3

Technology Requirements: Most updated version

Control the Fraud out of Accounts Receivable

The 2016 Global Fraud Study by the Association of Certified Fraud Examiners (ACFE) reveals that the typical organization loses 5 percent of revenues in a typical year as a result of fraud. The median… Read More

Avoid Negative Company Culture, Avoid Fraud

When fraud hits an organization, who is to blame? While the obvious answer is the individual (or individuals) that committed the fraud, can you also blame the fraudster's manager? For that matter,… Read More

Implement Cash Receipts Best Practices to Deter AR Fraud

AR fraud typically involves simultaneous manipulation of inventory and sales. AR fraud schemes perpetrated from within the department can include fictitious receivables, cash skimming, failure to

Fraud's Impact on Accounts Receivable

Introduction Let's begin our discussion by considering either of the two following phrases: All rivers lead to the ocean, or All roads lead to...(pick your favorite town) In the most general sense,

ACH Payments Lower Credit Fraud Risk—But Vigilance Still Required

In an IOFM survey, respondents were asked to cite which new technologies that they'd adopted over the previous year had delivered the greatest efficiency gains to receivables performance, AR… Read More

How to Spot Fraud

To identify situations where fraud could occur, Mike Iverson, the Financial Operations Networks' CFO, recommends reading Fraud Detection: Red Flags, an article that Protiviti, a consulting firm,

The Crooked Comptroller: Poster Child for Segregating Duties

At first glance, Rita Crundwell appeared to have it all. The long-time city comptroller enjoyed a national reputation as a top horse breeder, sported lavish jewelry and traveled in a $2.1 million… Read More