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Fraud in Accounts Payable: How to Prevent It,New
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Praise for Fraud in Accounts Payable'Fraud in Accounts Payable is an insightful book that takes an indepth look at the three most frequently committed fraudulent cash disbursement schemes directly related to your accounts payable function. Mary provides colorful and poignant stories showing how easy it can be to steal from both within and outside an organization. But the real beauty of this book is that Mary illustrates ways you can immediately begin implementing effective and efficient controls to reduce the opportunities for fraud within your organization.'Matthew D. Storlie, CFE, Fraud & Forensic Services Virchow, Krause & Company, LLP'Mary has delivered another book full of specific suggestions for improving accounts payable processes. Fraud in Accounts Payable is an easytoread guide that identifies realworld problems and offers practical solutions. Her books and articles have quickly become some of my core resources.'Stephanie K. O'Cain, Chief Financial Officer Municipal Association of South Carolina'Fraud could never take place in my accounts payable department.''My employees would never steal from me! I trust them too much . . .'Sound familiar?The definitive resource for every accounts payable department, Fraud in Accounts Payable affords you a bird'seye view of what's really going on in your accounts payable department and how you can defend it against every potential type of fraud, including check fraud, payroll fraud, and T&E fraud.Written by Mary Schaeffer, America's most accomplished accounts payable expert, this thorough and highly readable guide is filled with authoritative tips, techniques, and advice on:Uncovering hidden pockets of weakness where your organization is vulnerableGetting rid of those bad practices that allow all sorts of frauds to flourishSetting up antifraud safeguardsReminding us to 'never say never,' Fraud in Accounts Payable explains in plain English how to protect your accounts payable department so it becomesand staysfinancially healthy.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: How many pages does 'Fraud in Accounts Payable' have? A: This book contains two hundred twenty-four pages. It offers in-depth insights into preventing fraud in accounts payable.
- Q: What binding type is used for this book? A: The book is bound in hardcover. This durable binding ensures longevity and protection for the content inside.
- Q: What are the dimensions of 'Fraud in Accounts Payable'? A: The book measures six point thirty-four inches in length, zero point eighty-seven inches in width, and nine point zero nine inches in height. These dimensions make it convenient for reading and storage.
- Q: Who is the author of 'Fraud in Accounts Payable'? A: The author is Mary Schaeffer. She is recognized as one of America’s leading experts in accounts payable.
- Q: What is the main topic of 'Fraud in Accounts Payable'? A: The book focuses on preventing fraud in accounts payable processes. It discusses various fraudulent schemes and offers practical solutions.
- Q: Is 'Fraud in Accounts Payable' suitable for beginners in finance? A: Yes, this book is suitable for beginners. It is written in an easy-to-read format, making complex topics accessible.
- Q: What kind of advice does the book provide? A: The book provides authoritative tips and techniques for safeguarding accounts payable departments. It emphasizes practical solutions to common fraud-related issues.
- Q: Can this book help prevent payroll fraud? A: Yes, it addresses payroll fraud among other types. The author offers strategies to identify and mitigate such risks.
- Q: Is there a specific audience for this book? A: The book is targeted towards accounts payable professionals and financial managers. It is also valuable for anyone interested in fraud prevention.
- Q: What should I do if I suspect fraud in my accounts payable department? A: Immediately investigate the suspicious activities. The book provides guidance on identifying weaknesses and implementing antifraud controls.
- Q: Does this book offer real-world examples of fraud? A: Yes, it includes real-world scenarios and case studies. These examples help illustrate the ease of committing fraud and how to prevent it.
- Q: How can I apply the advice in 'Fraud in Accounts Payable'? A: You can apply the advice by implementing suggested controls and practices in your own accounts payable processes. The book encourages proactive measures.
- Q: What are antifraud safeguards mentioned in the book? A: The book discusses various antifraud safeguards, including segregation of duties and regular audits. These practices help reduce vulnerabilities.
- Q: Is there a risk assessment framework in the book? A: Yes, it guides readers in assessing risks within their accounts payable departments. Understanding these risks is crucial for effective management.
- Q: How can I keep my accounts payable department fraud-free? A: Establish robust internal controls and conduct regular training. The book provides actionable steps to maintain a healthy and secure department.
- Q: What is the significance of the book's title? A: The title highlights the focus on fraud prevention in accounts payable. It underscores the importance of vigilance in financial operations.