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Taking the Fight to Fraud
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While it is easy to think that fraud only happens to other organizations (the ones with weak controls), the truth is that it can happen to any organization. Fraudsters can exploit even the smallest hole in a controls environment.
This issue features information to help protect your organization from fraud, as well as details concerning some recent real-world fraud examples.
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| Patrick Harbin – Editor
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Fraud Stories |
What does a high-paid accountant in the banking industry have in common with a rural Vermont city treasurer? Both are involved in high-profile fraud cases.
See Fraudsters Come in All Shapes and Sizes on TAPC.
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Fraud Technology |
Many accounts payable departments turn to technology to limit fraud opportunities in their organizations. Technology systems, such as continuous controls monitoring software, prevent fraud through:
- Preventive Controls: the technology analyzes each user's privileges and indicates potential conflicts that could lead to fraud opportunity.
- Detective Controls: the technology monitors each user's activities and reports when violations occur.
- Master File Monitoring: the technology checks for duplicate, similar, or potentially fraudulent vendors.
For more on how technology can prevent fraud, sign up for the no-cost TAPC webinar, Early Detection for Fraud Prevention: 5 Ways Procurement Stops Payables Fraud Before It Hits the Books, featuring Ashish Deshpande, Director, Product Marketing, Coupa Software Inc. This webinar earns 1 CEU and 1 CPE.
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Just for Fun! |
Elephants have historically been the animal most associated with good memories. However, research shows that pigeons may deserve recognition too. See Pigeons Never Forget a Face.
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