Overview
Accounts payable fraud continues to be one of the most common and costly threats facing organizations today. Even well-designed processes can be exploited through fake vendors, false invoices, or internal collusion, creating financial losses that often go unnoticed until substantial damage is done. Have you ever wondered how these frauds slip through seemingly strong controls or how professionals successfully uncover them? This course brings those questions into focus with real, practical insights.
Participants will explore how accounts payable frauds occur, how they are detected, and what warning signs professionals must watch for. Through real examples, you’ll see how fraud schemes were committed and eventually discovered, giving you a clearer understanding of what makes organizations vulnerable. The course also breaks down statistics that reveal the prevalence of these schemes and highlights common patterns fraudsters rely on. You’ll also walk through proven methodologies for detecting fraud in vendor payments, purchasing workflows, and approval chains.
Learning Objectives
· Common Payable Frauds
· Fraud Warning Signs
· Detection Methodologies Overview
· Internal Control Design
· Vendor Payment Risks
As the course concludes, you’ll gain practical guidance for designing internal controls that strengthen oversight and protect your organization from small errors and major fraud attempts alike. This course provides a clear, actionable roadmap for identifying risks, spotting red flags, and implementing stronger controls.
Who Will Benefit
· Recognize common accounts payable frauds and understand how these schemes operate.
· Identify key red flags that indicate potential accounts payable fraud activity.
· Design strong internal controls to help prevent accounts payable fraud occurrences.
· Analyze control weaknesses that allow accounts payable fraud to develop undetected.
· Explain methods for detecting accounts payable fraud within vendor and payment processes.
