Accounts Payable Top 10 Common Payment Frauds & How To Stop

Chris Benjamin, Instructor, MBA and CFO

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24 Videos (1h 10m)
    • Course Introduction

      1:09
    • Instructor Introduction

      3:05
    • What To Know Introduction

      2:34
    • 22APFT1False Vendors

      4:42
    • Duplicate Payments

      6:16
    • Fake Suppliers

      3:49
    • Round Amounts

      1:49
    • Below Approval Amounts

      2:11
    • Check Theft

      4:10
    • Excess Purchasing

      3:26
    • Procurement Fraud

      3:14
    • Employee Checks to Themselves

      3:29
    • Bidding Fraud

      2:46
    • Vendor Master File

      2:44
    • Automate Duplicate Payment Detection

      1:53
    • Unusual Employee Activity

      3:23
    • Shift Employee Responsibility

      2:01
    • Purchase Control System

      1:42
    • Dos and Donts

      4:37
    • Case Study 01

      3:02
    • Case Study 02

      2:05
    • Case Study 03

      1:29
    • AP Self Assessment of Internal Control

      1:51
    • Course Conclusion

      2:44

About This Class

Learn how to prevent fraud in your business.  Learn common methods, how to identify and how to stop them.

Unfortunately fraud exists and can occur too easily when the proper methods are not in place to prevent it.  In this course we learn the top 10 fraud methods, how to prevent them, other tips and tricks to prevent fraud, as well as review 3 case studies.

  • Top 10 Accounts Payable Frauds
  • How to Prevent those Frauds
  • Tips and Tricks to prevent fraud 
  • 3 Case Studies of companies Accounts Payable processes

In this course I also provide a download of an Accounts Payable Internal Control Assessment which you can use to evaluate your company and its risk exposure to fraud.

Chris Benjamin, MBA & CFO is a seasoned professional with over 20 years experience in accounting and finance.  Having spent the first 10 years of my career in corporate settings with both large and small companies, I learned a lot about the accounting process, managing accounting departments, financial reporting, external reporting to board of directors and the Securities and Exchange Commission, and working with external auditors.  

The following 10+ years I decided to go into CFO Consulting, working with growing companies and bringing CFO level experience to companies.  I help implement proper best business practices in accounting and finance, consult on implementation of accounting systems, implementing accounting procedures, while also still fulfilling the CFO roll for many of my clients which includes financial reporting, auditing, working with investors, financial analysis and much more.  

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Chris Benjamin

Instructor, MBA and CFO