Accounts Payable Fraud: Ten Ways to Identify it by Christy Warner
When Sarbanes-Oxley Act was passed in 2002, many companies were forced to take an in-depth look at Accounts Payable internal controls. Implementing internal controls takes time, but may prove to be a very cost-effective measure if any fraud or weaknesses are found. Here are ten approaches you can try to tighten up your A/P audit. They require some degree of data mining and programming capability but are fairly straightforward to implement.
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