Since accounts payable is responsible for most payment functions, it falls tothose in charge to ensure the tightest possible controls and prevention of fraud. Fraud in Accounts Payable: How to Prevent It presents various accounts payable fraud scenarios, from check fraud to employee fraud. Industry expert Mary Schaeffer shows auditors, controllers, and managers how to spot the many types of frauds and situations that frequently take place in companies and equipsthem with the necessary tools to halt fraud from occurring in the first placein accounts payable. It includes over 50 real-life examples which demonstratejust how common fraud is. INDICE: Part One. Where Accounts Payable Fraud Can Happen in Your Organization. Chapter 1. Profiles of Fraud in the Business World. Three Big Myths. Fraud Statistics. Occupational Fraud: It's a BIG Problem. Definitions and Frequency. Who Gets Hit the Hardest? How Fraud Is Detected. Who Commits Occupational Fraud. To Prosecute or Not. Is Fraud An Equal Opportunity Crime? Fraud in the Eyes of the Beholder. Effect of Status of Fraudster. Big Boss Issue. Why Do Insiders Steal? Conditions that Permit Frauds to Occur. Why Aren't More Fraudsters Prosecuted? Fraud in the Real World. Concluding Thoughts. Chapter 2. Check Fraud: Still a Huge Problem. Internal Controls to Prevent Check Fraud by Insiders. Recommended Controls. What Else Can You Do. How Bad Is the Check Fraud Problem? What Does the Law Say? Impact on Accounts Payable. What Should You Do? Positive Pay and Its Cousins. Internal Controls, Segregation of Duties, and Positive Pay Exceptions. Internal Controls and Paper Checks. What Can Go Wrong. Consequences of Poor Internal Check Production Processes. The Right Way. The Best Way. Questions that Reveal Your Internal Check Controls. Best Check Handling Practices Between Printing and Mailing. Mailing Checks. From Printing to Mailing: Do You Know Where Your Checks Are? After Printing and Before Signing. When the Checks Are Signed and Returned. Wire Transfers. Rebate and Refund Checks. Rush Checks. Why Returning Checks to Requisitioners Can Be a Problem. How Companies Handle Check Return Requests by Requisitioners. Fraud in the Real World. Concluding Thoughts. Chapter 3. Check Stock: Stop the Fraudsters' Presses. Security Features in Your Check Stock. How Many Are Enough? Which Are Most Effective. New Security Features. What Else? Some Check Fraud Security Features. A Word about Void Pantographs. Void Pantographs and Positive Pay. Fraud in the Real World. Concluding Thoughts. Chapter 4. P-card: Not as Big an Issue as You Might Think. Printing of the Invoice. Start off on The Right Foot. Policy and Procedures Manual. Spell Out Consequences. Require Documentation. Don't Overlook Receipts. Role of a Program Administrator in Fraud Prevention. Approvals and Compliance. Role of Limits with Respect to Fraud. Train, Train, and ThenTrain Again. What about Inappropriate Use. Fraud in the Real World. Closing Thoughts. Chapter 5. Electronic Payment Fraud: Not a Growth IndustryYet! ACH Blocks. ACH Filters. ACH Positive Pay. Payment Account Data: Is It Accurate? TheProblem. The Solution. ACH Data Accuracy: Real-life Solutions to a Very Practical Problem. Basic Approach. Restricted Basic Approach. Incorporating a Billing Requirement. Put The Onus Back on the Vendor. Incorporating Some Fraud Checking. CPA's Perspective. Fraud in the Real World. Closing Thoughts. Chapter 6.Desktop Fraud: Few Think About ThisBut Everyone Should. Example. Overview. Recommendation. Lovallo's Guidelines. Bringing It All Together. Fraud in the Real World. Concluding Thoughts. Chapter 7. Travel and Entertainment Fraud: Not All Your Employees Are Honest. The Book that Teaches Your Employees How to Steal. Danger Signs. Other Tor Not. Solicitations That Look Like Invoices. Other Common Invoice Frauds. Fraud and Poor Payment Practices. A Word about Collusion. Brief Commentary on Purchasing. Upfront Vendor Verification. Control Challenge in Real Life. Advice from the Better Business Bureau. Fraud in the Real World. Concluding Thoughts. Chapter 10. Master Vendor File Fraud: How Employees Play Games with Your Records. Some Really Bad Master Vendor File Practices. Master Vendor File Reports. Coding Standards Prevent Fraud. Cleansing The Master Vendor File. Who Has Responsibility for the Master Vendor File. A New System. Master Vendor File and Your Employees. Fraud in the Real World. Closing Thoughts. Chapter 11. Payroll Fraud: Ghostbusting and More. Phantom Employees. What You Can Do to Detect and Prevent Ghost Employees. Falsified Hours and/or Salary. What You Can Do to Detect and Prevent Employees from Falsifying Data. Commission Schemes. False Workers' Compensation Claims. Some Overall Prevention Tactics. Fraud in the Real World. Concluding Thoughts. Chapter 12.Telecom Fraud: Yes, It Can Happen to You. Types of Phone Fraud. Nuisance Fraud. Examples of Cramming. Getting Refunds and Combating Cramming. Slamming. Phone System and Voice Mail Fraud. Social Engineering Fraud. Call Forwarding/Conferencing Problems. VOIP Fraud. Fraud in the Real World. Concluding Thoughts. Part Two. Strategies to Deter, Prevent, and Detect All Sorts of Accounts Payable Fraud. Chapter13. Best PracticesNot: Tactics That Unintentionally Promote Fraud. Closing Thoughts. Chapter 14. Fraud Monitoring Reports: A Necessary Evil. Automated Monitoring. How Anyone Can Run Reports. A Word about More Sophisticated Monitoring. How Much Checking Is Enough? The Big Report Everyone Should Run. The Easy Report. Other Fraud Detection Reports: Inventory. Other Fraud Detection Reports:Your Payment Data. Other Fraud Detection Reports: Your Rush Check Data. OtherFraud Detection Reports: Your Master Vendor File. Other Fraud Detection Reports: Vendors' Invoice Numbers. Other Fraud Detection Reports: Duplicate Payments. Other Fraud Detection Reports: Large Adjustments. Other Fraud Detection Reports: Off Hour Activity. The ACT List. Closing Thoughts. Chapter 15. Fraud Detection and Prevention: Simple Tactics You Can Use. 2006 Report to the Nation Fraud Detection. PwC 2007 Global Economic Crime Survey Fraud Detection. Anonymous Hotlines. What Companies Can Do to Prevent Fraud. Simple Tactics to Make Sure No One Robs the Till on Your Watch. Fraud in the Real World. Closing Thoughts. Resources. Index.
- ISBN: 978-0-470-26045-6
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 200
- Fecha Publicación: 17/09/2008
- Nº Volúmenes: 1
- Idioma: Inglés