Procure-to-Pay Fraud: Detecting and Preventing Purchasing, Receiving and Disbursement Fraud Shared by JamesRichard
Or-the case of the large retailer whose Accounts Payable department honored the E-mail request of a "vendor" to switch from check payment to ACH payment, only to learn several millions dollars in fraudulent payments later, that the sender was a fraudster.The variety of frauds that can and do plague the three components of the P2P cycle-Purchasing, Receiving and Disbursement-is large and growing.
The good news is that with adequate awareness of the threat and the means and expertise to detect weaknesses in internal controls, a very effective prevention framework can be built..and maintained. This Webinar is designed to provide a foundation of current knowledge about P2P fraud threats - as a foundation for understanding the specific "how-to's" of P2P fraud detection and prevention.
This shows the urgent need for management to understand the wide variety of frauds in P2P and to apply the necessary detection, audit, reporting, training and prevention measures.
Areas Covered in the Session:
Who Will Benefit:Speaker Profile: