Procure-to-Pay Fraud Cycle: Detecting and Preventing Purchasing, Receiving and Disbursement Frauds - By Compliance Global Inc.

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Toll Free 1-844-746-4244 support_at_complianceglob
al.us
Compliance Global Upcoming Webinar

• .

.
Procure-to-Pay Fraud Cycle Detecting and
Preventing Purchasing, Receiving and Disbursement
Frauds
Speaker Peter Goldmann Tuesday, August 11th
0100 PM EST
Compliance Global Inc 2015


www.ComplianceGlobal
.us
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Upcoming Webinar of Peter
Goldmann Procure-to-Pay Fraud Cycle Detecting
and Preventing Purchasing, Receiving and
Disbursement Frauds Tuesday, August
11th 0100 PM EST Overview For many
organizations, the procure-to-pay cycle offers
extensive opportunity for increased operational
efficiency. However, it also provides potentially
numerous opportunities for fraudsters to exploit
control deficiencies in all three stages,
purchasing, receiving and disbursements. One
common management mistake in the Purchase-to-Pay
process is adhering to a reactive anti-fraud
posture. A criminal act committed in, for
example, the purchasing department through a
kickback scheme, may be detected and dealt with
on an emergency basis. Meanwhile, equally, if
not more costly frauds may be going unnoticed in
the receiving and account payable
areas. Anti-fraud experts urge a proactive,
comprehensive P2P anti-fraud approach. It should
be include assessing fraud risks in all three
phases ... conducting regular audits that
comprise testing for these risks and ...
following up with effective internal control
design and monitoring.
Compliance Global Inc 2015



www.ComplianceGlobal.us
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Upcoming Webinar of Peter Goldmann Procure-to
-Pay Fraud Cycle Detecting and Preventing
Purchasing, Receiving and Disbursement Frauds
Tuesday, August 11th 0100 PM EST Why
Should You Attend Fraud is growing by a
staggering 20 per year, according to the
respected international fraud investigation firm,
Kroll. The majority of all fraud, according to
the Association of Certified Fraud Examiners is
committed by employees. Because most of the funds
flowing out of the organization do so through the
procure-to-pay cycle, it stands to reason that
much of the growing fraud threat is centered on
these critical closely-linked business
functions. This underscores the urgent need for
management to understand the vast variety of
frauds in P2P and to apply the necessary
detection, audit, reporting and prevention
measures.
Compliance Global Inc 2015



www.ComplianceGlobal.us
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Upcoming Webinar of Peter Goldmann Procure-to
-Pay Fraud Cycle Detecting and Preventing
Purchasing, Receiving and Disbursement Frauds
Tuesday, August 11th 0100 PM EST Areas
Covered in the webinar INTRODUCTION
Statistical overview of the fraud problem
generally, and TE fraud specifically Who
commits fraud Overview of most common P2P
fraud schemes Case studies of purchasing,
receiving and disbursement fraud P2P FRAUD
DETECTION AND PREVENTION Red flags of key P2P
frauds Conducting a Fraud Risk Assessment
report of the P2P Cycle Audit techniques to
identify P2P fraud red flags Digging deeper
for indicators of actual fraud Reporting to
Management
Compliance Global Inc 2015



www.ComplianceGlobal.us
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Upcoming Webinar of Peter Goldmann Procure-to
-Pay Fraud Cycle Detecting and Preventing
Purchasing, Receiving and Disbursement Frauds
Tuesday, August 11th 0100 PM
EST Learning Objective Understand how the
most common procurement, receiving and
disbursement fraud are perpetrated, including the
latest technology-driven crimes that are costing
organizations millions of dollars Understand
why purchasing, receiving and accounts payable
employees commit fraud Recognize the
all-important red flags of common P2P frauds
Develop a knowledge base of P2P fraud detection
tools and techniques Begin creating a
framework of effective anti-fraud controls Who
Will Benefit Purchasing Managers and Senior
Staff Accounts Payable Managers Shipping
and Receiving/Supply Chain Managers
Compliance Global Inc 2015



www.ComplianceGlobal.us
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Upcoming Webinar of Peter Goldmann Procure-to
-Pay Fraud Cycle Detecting and Preventing
Purchasing, Receiving and Disbursement Frauds
Tuesday, August 11th 0100 PM
EST Level Beginner Speaker profile Peter
Goldmann is founder and President of White-Collar
Crime 101 LLC, the parent company of FraudAware
and publisher of the monthly newsletter,
White-Collar Crime Fighter.. View More.
Compliance Global Inc 2015



www.ComplianceGlobal.us
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Compliance Global Inc 2015



www.ComplianceGlobal.us