Given the current business environment, mounting regulatory pressures, and the increased visibility and importance of the accounts payable function, best practices are something with which every professional needs to be conversant. While it has always been good business practice to monitor and manage supplier risks, the stakes have increased in recent years. Now, more than ever, failing to meet regulatory requirements and expectations can mean potentially significant penalties and remediation costs, as well as serious organizational reputational exposures. Integrated into this process is the accounting for, and internal controls over, the Accounts Payable process.

Areas Covered:

  • Best Practices Overview
  • Verifying Supplier Taxpayer Identification Number (TIN)s
  • EPayments and Accounting for them
  • Controlling the Master Vendor File Access
  • Best Practices in detecting AP Fraud
  • How to conduct the effective AP fraud management
  • Red Flag and indicators of AP fraud and how to prevent it
  • Internal Controls and Other Fraud Prevention Measures
  • Vendor/billing fraud schemes
  • Fraudulent AP financial reporting
  • Evolving Fraud Opportunities and Best Control Practices
  • Ensuring Regulatory Compliance

Who will Benefit:

  • Accounts payable manager
  • Accounts payable director
  • Accounts payable supervisor
  • Accounting manager
  • Controller
  • Assistant controller
  • Accounts payable associate
  • Accountant
  • Accounting manager
  • Disbursements manager
  • Assistant accounts payable manager
  • Payment professionals
  • Cash managers
  • Treasury professionals
  • Internal and External Auditors
  • Fraud Investigators

In-Person Seminar going Virtual with increased learner satisfaction.

Yes, attend this seminar from anywhere. We are making it real and more interactive – Here's a sneak peek:

Our enhanced delivery process and technology provides you an immersive experience and will allow you to access:

  • The real-time and live presentation as in in-person events
  • Private chat for company-specific conversation – the same as you would get in an in-person seminar
  • Opportunities to connect with your peers to share knowledge at a different time and have group discussions
  • Live workshop activities
  • Live Q&A during the event and offline Q&A assistance after the event
  • As usual more content, activities and case studies and now adding homework for a comprehensive understanding
  • Certification
Register by phone or need assistance? Call +1-888-717-2436 Register Now Download Brochure
Day 01(8:00 AM to 3:00 PM PST)
  • 8:00 AM - 8:14 AM: Introduction, Meet & Greet
  • 8:15 AM - 8:59 AM: Best Practices Overview
    • Why best practices matter
    • Why best practices are changing
    • Best and worst practices
  • 9:00 AM - 9:44 AM: Verifying Supplier Taxpayer Identification Number (TIN)s
    • Verifying TIN information
    • IRS TIN Matching
  • 9:45 AM - 9:59 AM: Break time
  • 10:00 AM - 10:29 AM: EPayments and Accounting for them
    • Phishing and Spoofing
    • Business Email Compromise (BEC) Frauds
    • Converting vendors to ACH
  • 10:30 AM - 10:59 AM: Controlling Master Vendor File Access
    • Master vendor file best practices
    • Vendor Master Analysis
    • Good master vendor file access control
    • Verifying master vendor file updates
  • 11:00 AM - 11:59 AM: Best Practices in detecting AP Fraud
    • Fraud Defined
    • Software to Detect Fraud
    • Using CAATS to detect fraud
    • Benford Analysis
  • 12:00 Noon - 12:29 PM: Lunch
  • 12:30 PM - 12:59 PM: How to conduct the effective AP fraud management
    • Pervasive Control Deficiencies
    • Establishing Proper Environment
    • Lifestyle Probes
  • 1:00 PM - 1:44 PM: Red Flag and indicators of AP fraud and how to prevent it
    • Red Flags in Purchasing/Inventory
    • Accounts Payable Fraud Red Flags
    • Source Documents Fraud Symptoms
  • 1:45 PM - 1:59 PM: Break time
  • 2:00 PM - 2:29 PM: Internal Controls and Other Fraud Prevention Measures
    • General Controls over Acquisitions
    • Processing checks Best Procedure
    • Vendor Allowances
  • 2:30 PM - 3:00 PM: Q/A session, verbal interaction
Day 02(8:00 AM to 3:00 PM PST)
  • 8:00 AM - 8:14 AM: Day1 Review
  • 8:15 AM - 8:59 AM: Vendor/billing fraud schemes
    • Bribes and kickbacks.
    • Bid rigging.
    • Defective pricing.
    • Phantom vendors [www.picalo.org].
    • Product substitution.
  • 9:00 AM - 9:44 AM: More Vendor/billing fraud schemes
    • Cost mischarging.
    • Contract specification failures.
    • Duplicate, false, or inflated invoices.
    • Split purchases.
    • Unnecessary purchases
  • 9:45 AM - 9:59 AM: Break time
  • 10:00 AM - 10:29 AM: Fraudulent AP financial reporting
    • Life Cycle of Purchases
    • Defining Financial Statement Fraud
    • Centralize your Accounts Payable processing and reporting
  • 10:30 AM - 10:59 AM: Evolving Fraud Opportunities
    • Threats within attacks
    • External threats
    • Cybersecurity
    • Money Laundering
  • 11:00 AM - 11:59 AM: Best Modern Control Practices
    • Implementing Effective Preventative Measures
    • Fraud-combating Strategy
    • Techniques to Discourage Fraud
    • Using Data Analytics
  • 12:00 Noon - 12:29 PM: Lunch
  • 12:30 PM - 12:59 PM: The changing Regulations
    • Governance and Control Models
    • National and International regulations
    • Penalties and avoidance
  • 1:00 PM - 1:44 PM: Ensuring Regulatory Compliance
    • The Taxonomy of Fear
    • Data Analysis and Data Mining
    • Keeping abreast of changes
  • 1:45 PM - 1:59 PM: Break time
  • 2:00 PM - 2:29 PM: Course Summary and Lessons Learned
    • Building a structured Architecture
    • Where do we start
  • 2:30 PM - 3:00 PM: Q/A session, verbal interaction
Register by phone or need assistance? Call +1-888-717-2436 Register Now Download Brochure
Richard Cascarino

Richard Cascarino,
Principal, Richard Cascarino Associates

Richard Cascarino,is the Principal of Richard Cascarino & Associates, a highly successful audit training and consultancy company based in Colorado and Johannesburg. He is a regular speaker at National and International conferences and has presented courses throughout Africa, Europe, the Middle East and the USA. Richard is a Past President of the Institute of Internal Auditors in South Africa and also a member of ISACA and the Association of Certified Fraud Examiners.

Richard was a member of the 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). He is the author of the "Auditor's Guide to IT Auditing" and the newly released “Corporate Fraud and Internal Control: A Framework for Prevention” both published by Wiley Publishing which is also used by universities worldwide.

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