SEP 04

Seminar on Procure-to-Pay Fraud: Detecting and Preventing Purchasing, Receiving and Disbursement Fraud

HR Management   

Seminar/trade show (noCPF)




  04 Sep 2014 through 05 Sep 2014


  Chicago, United States

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  Business > Human-Resources

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Event description:

"This program, 210939, has been approved for 14 (HR (General)) recertification credit hours toward PHR, SPHR and GPHR recertification through the HR Certification Institute. Please be sure to note the program ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at Overview: Procure to pay is the target for fraudsters of many kinds both inside and outside your organization. Consider the possibility of receiving a perfectly legitimately-looking invoice which gets approved and processed before it is determined that the sender of the invoice is a "ghost" vendor with nothing more than a postal box for an address. Or-the case of the large retailer whose Accounts Payable department honored the E-mail request of a "vendor" to switch from check payment to ACH payment, only to learn several millions dollars in fraudulent payments later, that the sender was a fraudster. The variety of frauds that can and do plague the three components of the P2P cycle-Purchasing, Receiving and Disbursement-is large and growing. The good news is that with adequate awareness of the threat and the means and expertise to detect weaknesses in internal controls, a very effective prevention framework can be built..and maintained. This Seminar is designed to provide a foundation of current knowledge about P2P fraud threats -as a foundation for understanding the specific "how-to's" of P2P fraud detection and prevention. Why should you attend: Key learning points for this Seminar: Understand how common procurement, receiving and disbursement frauds are perpetrated Understand who the primary perpetrators of purchasing, receiving and disbursement fraud are Understand why purchasing, receiving and accounts payable employees commit fraud Learn how not to manage P2P from important case studies of frauds committing in this area Recognize the red flags of common P2P frauds Know how to apply best P2P fraud detection tools and techniques Learn to correct P2P control deficiencies in favor of a robust anti- fraud control framework Who will benefit: Purchasing Managers and Senior Staff Accounts Payable Managers Shipping and Receiving/Supply Chain Managers Accounting and Audit Practitioners CFO's and Senior Finance Staff Internal and External Audit Professionals Senior Financial Management Seeking to Reduce their Vulnerability to Costly Frauds

Posting date:

11 August 2014
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