P-Card usage is on the rise and so are the cases of P-Card fraud! Many companies have implemented P-Cards as a means to reduce invoice volume and increase efficiency within accounts payable department and within the process to pay cycle. But the increased use of P-Cards has resulted in additional risk which creates an enhanced focus on internal controls and spotlights the role of the P-Card Administrator. During this session, the instructor will identify the ‘red flags” of P-Card fraud and will provide a practical internal controls toolkit that will help reduce the potential for fraud and mitigate risk within the process. We’ll present a timely case study that describes what can happen if a good P-Card controls program is not in place. We’ll identify the specific “red flags” and how the situation could have been prevented.
This webinar on procurement cards fraud prevention will help you identify the ‘red flags' of P-Card fraud and will provide a practical internal controls toolkit that will help reduce the potential for fraud and mitigate risk within the process.