Accounts Payable Theft and Fraud: An AP Management Guide to Help Detect and Prevent Employee Theft and Fraud

Instructor: Richard Cascarino
Product ID: 703736
  • Duration: 90 Min

recorded version

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Training CD

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Often, an organization’s most vulnerable area is its accounts payable (AP) operations, where the lack of effective internal controls could pave the way for fraudulent activities and theft. This course will focus on best practices for detecting AP fraud, red flags and indicators of AP fraud and how to prevent it, while elaborating the various fraud and internal fraud categories.

Why Should You Attend:

Accounts payable (AP) fraud is one of the easiest and most committed fraud but difficult to detect as it can be duplicated and easily camouflaged. AP is one of the more vulnerable areas susceptible to fraud as well, hence it is increasingly important to recognize and properly react to possible AP fraud. The AP department should focus on how to deal with employee theft and fraud and how to implement strong internal controls to reduce the risk of AP fraud.

The webinar will increase management and auditors’ abilities to detect fraudulent AP activities carried out by trusted employees and minimize the chances of successfully executing the same. It is designed to provide participants with an in-depth knowledge of:

  • Types of AP fraudulent activities prevalent within the workplace
  • Red flags and indicators for AP fraud
  • Internal control mechanisms to fight AP fraud within the corporate environment

Areas Covered in the Webinar:

  • Fraud and Internal Fraud Categories
  • Best Practices for Detecting AP Fraud
  • How to Conduct Effective AP Fraud Management
  • Red Flags and Indicators of AP Fraud and How To Prevent It
  • Internal Controls and Other Fraud Prevention Measures
  • Fraud Risk Management and Preventive Internal Controls
  • Methods for Detecting Fraud
  • Vendor/Billing Fraud Schemes
  • Fraudulent AP Financial Reporting
  • Response and Recovery Strategies to AP Fraud

Who Will Benefit:

  • Internal and external auditors
  • Risk managers
  • Security officers
  • Executive management
  • Supervisors
  • Fraud examiners
  • Audit management
  • Accounts payable management

Instructor Profile:

Richard Cascarino, MBA, CIA, CISM, CFE, is well known in international auditing circles as one of the most knowledgeable practitioners in the field. Mr Cascarino is principal of Richard Cascarino & Associates, a highly successful audit training and consultancy company.

He is a regular speaker in national and international conferences and has presented courses across Africa, Europe, the Middle East and the USA. He has served as president of the Institute of Internal Auditors in South Africa, was the founding regional director of the Southern African Region of the IIA-Inc, and is a member of ISACA and the Association of Certified Fraud Examiners.

Mr Cascarino is chairman of the risk and audit committee of the Department of Public Enterprises in South Africa and chairman of the Audit Committee of Gauteng Cluster 2 (Premier's Office, Shared Services and Health).

Topic Background:

With the increasing growth of internal fraudulent activities within the business world, it has become essential that both management and auditors are aware of the indicators of such frauds and the preventative mechanisms which can reduce the likelihood of such frauds succeeding. Fraud occurs most easily where liquid assets of the organization move and perhaps the area most vulnerable is within the accounts payable (AP) operational area.

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