Accounts Payable Fraud Protection During and Post COVID-19
Criminals thrive in times of uncertainty and confusion. Alas, the ongoing COVID-19 crisis has provided them potentially with a ton of opportunity. But that opportunity doesn’t have to translate into profit, if you are taking the proper precautions. We’ll look at how this unprecedented crisis has forced businesses everywhere to adjust their accounts payable best practices to ensure invoices are paid – but only once and only legitimate invoices.
In this session, we’ll take a look at the steps every accounts payable organization should take to help protect their organizations from these unscrupulous practitioners. We also have a few tips for everyone when they return to “normal” to ensure a smoother accounts payable operation.
•Create a process to identify frauds that might have slipped through while folks were working remotely
•Identify shady new invoicing practices being advocated by a few consultants
•Detect one new email scam that is rising
•Create a policy to address remote-working expenses, not currently addressed in your reimbursement policy
•Address concerns regarding passwords
Mary S. Schaeffer is the founder of AP Now, a B2B organization focused on creating business intelligence around the accounts payable and payment functions. She has written 18 business books and is a frequent and popular speaker at both online and live events. Schaeffer has created a number of CPE self-study courses, customized training and online training events. She is the developer of the Accounts Payable Best Practice Certificate program. Previously she held positions as an Assistant Treasure... View Full Profile
Aurora Training Advantage is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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This program has been approved for credit hours through the HR Certification Institute. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
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