Self-Study Course Details
Course Description
When it comes to fraud prevention, strong internal controls are front and center. They provide the very groundwork for fraud deterrence and prevention. And, they are an integral part of every effective accounts payable function. What is surprising is that even though most organizations know what these practices are, they often choose to take shortcuts and ignore some of them. What’s more, they don’t stay constant, unfortunately. So this means that internal controls need to be reviewed on a periodic basis.
In this course, industry expert Mary Schaeffer will take a look at established internal control best practices that are frequently ignored, some new best control practices as well as control practices that relate to the master vendor file.
Learning Objectives
- Identify new control practices that will help stop fraud in accounts payable
- Recognize problems likely to occur if strong control practices in AP are ignored
- Understand problems created by new types of fraud focused on the master vendor file
- Recognize internal control practices for the master vendor file every firm should use to deter fraud
- Learn why poor controls make fraud more likely
Prerequisites
- None
Advanced Preparation
None
Author Details
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Mary Schaeffer
Mary Schaeffer, AP Now’s Founder creates content around the accounts payable and payment function. This material takes the form of a twice-a-week free ezine, the AP Now podcast and YouTube channel with 500+ videos, a monthly newsletter, 20+ business books, a variety of courses for accountants and AP professionals, and numerous webinars. She served on the Business Payments Coalition and Federal Reserve’s Remittance Delivery Assessment Work Group, and is currently a member of Nacha’s ACH Network Advisory Panel. Schaeffer has been named a Top AP Influencer for the last five years. She also received the Well-Being for Others award from them in 2021 and was named the Top AP Influencer in 2022. She has a BS in Mathematics and an MBA in Finance. Before founding AP Now, she worked in corporate finance and treasury for Continental Grain (Cash Manager) Equitable Life, now AXA (Assistant Treasurer) and O&Y (Financial Risk Manager).
NASBA Sponsor
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Encoursa is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
$15.00
CPE
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Webinars: CPE certificates will be accessible through your dashboard 1 hour after a webinar concludes.
Self-Study: CPE certificates will be accessible through your dashboard immediately after passing the qualified assessment.
For specific instructions on accessing your CPE, please see our FAQ section on our support page.
- Multiple Attendees on Webinars: Each attendee should register separately for the webinar. If more than 1 attendee participated from the same device, please contact us after the event to let us know. For group signups for paid events, please contact us.
Purchase options
Self-Study Course
Accounts Payable Fraud Prevention Tactics
- by Mary Schaeffer
- Credits: 1.00
$15.00
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