Fraud in Accounts Payable: How to Prevent It Book

Pt. 1 Where Accounts Payable Fraud Can Happen in Your Organization 1

1 Profiles of Fraud in the Business World 3

2 Check Fraud: Still a Huge Problem 17

3 Check Stock: Stop the Fraudsters' Presses 43

4 P-Card: Not as Big an Issue as You Might Think 51

5 Electronic Payment Fraud: Not a Growth Industry - Yet! 61

6 Desktop Fraud: Few Think About This - But Everyone Should 71

7 Travel and Entertainment Fraud: Not All Your Employees Are Honest 79

8 Petty Cash Fraud: Petty Indeed 93

9 Vendor and Invoice Fraud: Not Every Invoice (Or Vendor!) Is Legit 101

10 Master Vendor File Fraud: How Employees Play Games with Your Records 115

11 Payroll Fraud: Ghostbusting and More 123

12 Telecom Fraud: Yes, It Can Happen to You 133

Pt. 2 Strategies to Deter, Prevent, and Detect All Sorts of Accounts Payable Fraud 143

13 Best Practices - Not: Tactics that Unintentionally Promote Fraud 145

14 Fraud Monitoring Reports: A Necessary Evil 149

15 Fraud Detection and Prevention: Simple Tactics You Can Use 161

16 Sarbanes-Oxley 169

Appendix A Fraud Schemes: Physical and Virtual Checks 181

Appendix B 2007 Top Frauds 183

Appendix C Segregation of Duties 185

Appendix D The Sarbanes-Oxley Act of 2002 Titles 187

Resources 191

Index 195