Detecting and Preventing Embezzlement In Your Organization

Peter Goldmann
Dec 13, 2018 - 01:00 PM EST
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$249

Premier pro price: $224 (save 10%)

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This P2P fraud control webinar will discuss how to prevent procure-to-pay fraud by understanding the red flags in all three stages of purchasing, receiving and disbursements. Which tools and techniques to use for P2P fraud detection. How to Conducting a Fraud Risk Assessment of the P2P Cycle and build effective control framework.

Course Objective

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.

For many organizations, 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 P2P cycle 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.

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.

By attending this webinar Participants will be able to:

  • 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.


Course Outline

Introduction

  • Statistical overview of the fraud problem generally, and T&E 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 of the P2P Cycle
  • Audit techniques to identify P2P fraud red flags
  • Digging deeper for indicators of actual fraud
  • Reporting to Management
  • Remediating internal control deficiencies in the P2P process
  • Case studies of procurement, receiving and disbursement fraud


Target Audience

  • 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
  • Compliance and ethics managers
  • CFO’s/senior financial managers
  • Security personnel

Webinar Events
Attend Live Webinar
Dec 13, 2018 - 01:00 PM EST

Duration: 90 Minutes

Single Attendee

Premier pro price: $224 (save 10%)

Group-Max. 10 Attendees/Location (For Multiple Locations Contact Customer Care) Super Deal - Get CD/USB Drive Free!

Premier pro price: $539 (save 10%)

LIVE + RECORDED VERSION

Premier pro price: $404 (save 10%)

Training CD-USB

Physical CD-USB of recorded session will be despatched after 72 hrs on completion of payment

Premier pro price: $449 (save 10%)

Recorded video

Recorded video session

Premier pro price: $314 (save 10%)


Speaker: Peter Goldmann, CPE

Peter Goldmann, has 25 years of experience as a business journalist and trainer, having launched, edited and published numerous business trade periodicals covering small business, international trade, management strategy, banking and personal finance. He is a Certified Fraud Examiner (CFE) and a member of the Editorial Advisory Committee of the Association of Certified Fraud Examiners (ACFE) as well as an active member of the Institute of Internal Auditors, the High-Tech Crime Investigation Association and the IOFM Controller Certification Advisory Board. He is a regular columnist for the ACFE’s newsletter, The Fraud Examiner and is a frequent contributor to other leading industry publications on anti-fraud topics. He has appeared on Fox Business News, The Wall Street Journal This Morning, The New York Times and Internal Auditor magazine. Peter Goldmann is president of White-Collar Crime 101 LLC, the publisher of White-Collar Crime Fighter, a widely read monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and fraud investigators. Peter is the author of Fraud in the Markets: Why it happens and How to fight it, published by John Wiley & Sons, as well as four other anti-fraud books. Peter also developed FraudAware, the leading fraud awareness training program. A user-friendly learning tool, FraudAware uses workshop, Webinar and E-Learning formats to educate employees and managers at all levels in how to detect, prevent and report incidents of fraud or suspicious conduct.


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