Detecting and Preventing Fraud in Accounts Payable
By Peter
Goldmann
Business fraud is a pervasive problem in organizations. Unfortunately it
does not discriminate between organization types whether they are
government, not for profit, corporate or otherwise. Accounts payable
fraud is one of the most common varieties of schemes organizations are
plagued by. Detecting and Preventing Fraud in Accounts Payable
details the different schemes through case studies as well as
explanations. The author categorizes accounts payable fraud as internal
versus external. Internal fraud is further segregated by employee level
or management level. Discussion of the red flags for each category helps
the reader to understand and identify potential problem areas. There are
various ways of detecting fraud in accounts payable schemes and auditors
should be familiar with the procedures and techniques employed. Fraud
hotlines, audits and vendor reviews are examples of methods of detecting
fraudulent schemes. The last part of the book covers external accounts
payable fraud, the perpetrators, schemes and red flags.
The author's coverage of the subject is in an easy to understand
style and provides valuable information for managers and
auditors. The book, published by International Accounts Payable
Professional, is an excellent choice for your professional library.
JMK
I
