Procure-to-Pay Fraud Detection and Prevention

Duration: 90 Minutes
The Webinar will describe the growing threats of fraud in the areas of procurement, shipping/receiving, and disbursement (Accounts Payable). It will define the red flags of these schemes and offer best practice detection methods as well as proven internal controls for mitigating risk throughout the P2P cycle.
Stop P2P Fraud
Product ID: 501274
Objectives of the Presentation
How to identify the main forms of fraud in the P2P cycle and to materially reduce the risk of an organization being victimized by both external and internal perpetrators of these frauds.

Why Should you Attend
Fraud by vendors, procurement managers, and accounts payable personnel is on the rise. Technology advances have aided in the evolution of new and often hard-to-detect frauds in the P2P cycle. This presentation is designed to familiarize participants with the latest P2P schemes, how to recognize the red flags and use them in devising detection practices to identify suspicious conduct and ultimately optimize controls to mitigate risk.

Areas Covered
  • Fraud schemes in Procurement operations
  • Fraud schemes in shipping/receiving/inventory
  • Fraud in Disbursement (Accounts Payable)
  • Recognizing the Red flags of P2P fraud schemes
  • Best practice detection methods for identifying actual or suspicious P2P activity
  • Training employees to blow the whistle
  • Best practices in P2P anti-fraud controls
Who can Benefit
  • Internal Auditors
  • Treasury Management
  • Compliance Managers
  • Ethics Managers
  • Procurement Managers
  • Operations Managers
  • Accounts Payable Managers
  • Senior Accounting Staff
  • External Auditors and Fraud Examiners
$300
Recorded Session for one participant
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  $450.00 Training CD
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  $550.00 Training USB Flash Drive
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Peter Goldmann is President of FraudAware LLC,the publisher of White-Collar Crime Fighter, a widely read bi-monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and investigators. The newsletter is in its 15th year of publication under Peter's leadership. Peter is the author of Fraud in the Markets: Why it Happens and How to Fight It, published by John Wiley &Sons. The book is an in-depth account of the role that fraud played in bringing about the financial crisis of 2008. Peter is also the author of four other anti-fraud books covering accounts payable fraud, accounts receivable fraud, as well as two workbooks on fraud and cyber-risk and control, also published by Wiley.

Peter also developed FraudAware, the leading fraud and cyber-crime awareness training program. A user-friendly learning tool, FraudAware uses seminar, Webinar and E-Learning formats to train employees and managers at all levels in how to detect, prevent and report incidents of fraud, information theft and other forms of financial and electronic suspicious conduct.

FraudAware courses, which are customized for individual corporate, non-profit and government agency clients, reinforces organizations' whistleblowing programs by enabling employees to detect illegal activity that can then be reported to supervisors or managers or by using the organization's confidential hotline in accordance with established policy.

In addition, Peter has conducted numerous on-site fraud and cyber-crime detection and prevention workshops for internal auditors, attorneys, HR executives and compliance officers at Fortune 500 companies including Siemens Corp., Marriott International, Sony Denny's Corp,as well as large not-for-profit organizations. He has also been a guest lecturer for college accounting and auditing courses.

Peter 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, cyber-crime (Cyber-Crime Fighter) 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).

He has been a columnist for the ACFE's newsletter, The Fraud Examiner and is a frequent contributor to other leading industry publications on anti-fraud and cyber-crime topics. He has appeared on Fox Business News, The Wall Street Journal This Morning, The New York Times and Internal Auditor magazine.

Peter holds a Bachelor's degree from the University of Michigan and a Master's from the London School of Economics.
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