Procure-to-Pay Fraud: Detecting and Preventing Purchasing, Receiving and Disbursement Frauds - NASBA Certificate 1.5

  • Speaker:Peter Goldmann
  • Duration:90Min
  • Product Code:GRC-90405
  • NASBA CPE: 1.5

Live Session - How it works

  • Username and Password will be sent to you within 24 hours prior to the webinar.
  • Presentation handouts in pdf format will be emailed to along with the login instructions or few hours before the meeting starts.
  • Login to the session by clicking on “Join the Meeting” in the login instructions and then dial the number to connect to the meeting audio or use your Computer to connect to audio. Please use the name and the email address you used at the time of registration to join the meeting.
  • Get answer to your queries through interactive Q&A sessions. The Q and A sessions are at the end of the meeting. The expert will complete his/ her presentation and then the phone lines will be open for the audience to discuss your questions.
  • Please let us know your thoughts and views at the end of webinar, your valuable feedback will help us improve our Training programs.
  • Certificate of attendance is emailed to you within 6 working days from the date the webinar was completed. If you don’t receive an email within 6 days. Please email our support@grcts.com

Recorded Session - How it works

  • Login Information with Password to view the webinar will be emailed to you within 48 hours from the date the Live webinar was completed. The link to the recording is for a single person use only and it is valid for 6 months or the actual duration the recording was purchased.
  • Please click on the link to access the Recording and type in the password provided in the email.
  • Presentation and other handouts will be emailed to you in a pdf format.

Training CD - How it works

  • Free shipment within 2 working days, from the date the webinar was completed. The presentation and other handouts will be emailed to you in a pdf format if we are unable to attach them in the CD or USB.

(For more information about our products contact +1- 248-233-2049)

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the recording of the webinar for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com.

Description:

For many organizations, the procure-to-pay cycle offers extensive opportunity for increased operational efficiency. However, it also provides potentially numerous opportunities for fraudsters to exploit control deficiencies in all three stages—purchasing, receiving and disbursements.

One common management mistake in the P2P cycle is adhering to a reactive anti-fraud posture. A criminal act committed in, for example, the purchasing department through a kickback scheme, may be detected and dealt with on an “emergency” basis. Meanwhile, equally, if not more costly frauds may be going unnoticed in the receiving and account payable areas.

Anti-fraud experts urge a proactive, comprehensive P2P anti-fraud approach. It should be include assessing fraud risks in all three phases ... conducting regular audits that comprise testing for these risks and ... following up with effective internal control design and monitoring.

Why you should attend:

  • Fraud is growing by a staggering 20 percent per year, according to the respected international fraud investigation firm, Kroll. The majority of all fraud, according to the Association of Certified Fraud Examiners is committed by employees. 
  • Because most of the funds flowing out of the organization do so through the procure-to-pay cycle, it stands to reason that much of the growing fraud threat is centered on these critical closely-linked business functions.
  • This underscores the urgent need for management to understand the vast variety of frauds in P2P and to apply the necessary detection, audit, reporting and prevention measures.
  • Participants will be able to:
  • Understand how the most common procurement, receiving and disbursement fraud are perpetrated, including the latest technology-driven crimes that are costing organizations millions of dollars
  • Understand why purchasing, receiving and accounts payable employees commit fraud
  • Recognize the all-important red flags of common P2P frauds
  • Develop a knowledge base of P2P fraud detection tools and techniques
  • Begin creating a framework of effective anti-fraud controls

Who Should Attend:

  • Purchasing managers and senior staff
  • Accounts payable managers
  • Shipping and receiving/supply chain managers
  • Accounting and audit practitioners
  • CFO’s and senior finance staff
  • Internal and external audit professionals
  • Senior financial management seeking to reduce their vulnerability to costly frauds 
  • Compliance and ethics managers
  • CFO’s/senior financial managers
  • Security personnel

Partial Course Agenda

Introduction

  • Statistical overview of the fraud problem generally, and T&E fraud specifically
  • Who commits fraud 
  • Overview of most common P2P fraud schemes
  • Case studies of purchasing, receiving and disbursement fraud

P2P Fraud Detection and Prevention

  • Red flags of key P2P frauds
  • Conducting a Fraud Risk Assessment of the P2P Cycle
  • Audit techniques to identify P2P fraud red flags
  • Digging deeper for indicators of actual fraud
  • Reporting to Management
  • Remediating internal control deficiencies in the P2P process
  • Case studies of procurement, receiving and disbursement fraud

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 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 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 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.

Fraud Aware 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.

Available Options

Recording: 6 Months Access to the Training which can be accessed from any location

$225

CD-DVD: Shipped within 2 working days

$345

USB - Shipped within 2 working days

$365

5 Member Group: 5 people can Attend the Live Online Meeting from any location globally

$2,745

10 Member Group: 10 people can Attend the Live Online Meeting from any location globally

$4,675

Recording Access for 12 Months: Participant can access the training Recording for 12 months from any location

$895

Related Products

Accounts Payable Fraud Detection and Prevention - NASBA CPE - 1.5

Accounts Payable Fraud Detection and Prevention - NASBA CPE - 1.5

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the recording of the webinar for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com. Description: Accounts Payable (AP) is the one business function that, in many organizations, is more vulnerable to fraud than any other. That is because all funds that flow out of the organization must first pass through AP. And ov..

$225

Travel & Entertainment Reimbursement Fraud Detection and Prevention - NASBA CPE 1.5

Travel & Entertainment Reimbursement Fraud Detection and Prevention - NASBA CPE 1.5

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the recording of the webinar for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com.  NASBA CPE Certification - 1.5 CPE Group Internet Based | 1.5 (1 CPE for 50 minutes) | Accounting - 1.5CPE (1.5 CPE) | Finance - 1.5CPE (1.5 CPE) | Intermediate | Prerequisites - None| No advance preparation. Descrip..

$259

The Growing Internal Cyber-Threats and How to Protect Against Them - NASBA CPE - 1.5

The Growing Internal Cyber-Threats and How to Protect Against Them - NASBA CPE - 1.5

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. You can access the recording of the webinar for 6 months. Contact our support for any clarifications. Description:Companies have enough to worry about from outsiders when it comes to cybersecurity. From clever hackers infiltrating their networks to criminal gangs stealing their data and government surveillance of their systems, security teams have to be on their toes at all times. But the inside..

$269

Procure-to-Pay Fraud: Detecting and Preventing Purchasing, Receiving and Disbursement Frauds - NASBA Certificate 1.5

Procure-to-Pay Fraud: Detecting and Preventing Purchasing, Receiving and Disbursement Frauds - NASBA Certificate 1.5

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the recording of the webinar for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com. Description: For many organizations, the procure-to-pay cycle offers extensive opportunity for increased operational efficiency. However, it also provides potentially numerous opportunities for fraudsters to exploit control deficie..

$225

Fraud in Payroll: Proven Strategies to Detect & Prevent Fraud & Save Money - NASBA CPE - 1.5

Fraud in Payroll: Proven Strategies to Detect & Prevent Fraud & Save Money - NASBA CPE - 1.5

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the recording of the webinar for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com. NASBA CPE 1.5Group Internet Based | 1.5 (1CPE for 50 minutes) | Field - Finance- (1.5 CPE) | Intermediate | Prerequisites - None| No advance preparationAre you losing money to payroll fraud?Description: Payroll fraud is t..

$259

Tattoos, Yoga Pants, Headscarves, Sandals: The Employer’s Rights and Obligations for Employee Dress and Self-expression - HRCI and SHRM - 1.5

Tattoos, Yoga Pants, Headscarves, Sandals: The Employer’s Rights and Obligations for Employee Dress and Self-expression - HRCI and SHRM - 1.5

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the recording of the webinar for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com. SHRM PDCs - 1.5GRCTS is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1.5] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certificat..

$259

Handling Violence at Work:  From Disgruntled Employees to Domestic Violence - HRCI & SHRM Certificate

Handling Violence at Work: From Disgruntled Employees to Domestic Violence - HRCI & SHRM Certificate

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the recording of the webinar for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com.Certifications: SHRM PDCs - 1.5 GRCTS is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1.5] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more informa..

$259

Wire Transfer Fraud - Fighting this Devastating Fraud - NASBA CPE 1.5

Wire Transfer Fraud - Fighting this Devastating Fraud - NASBA CPE 1.5

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the Recording of the Training for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com. Use coupon code "GRCTS10" to avail a 10% Discount on your purchaseCertification: NASBA CPE - 1.5 - Group Internet Based | 1.5 NASBA Credits (1 CPE for 50 minutes) | Intermediate | Prerequisites - None | No advance prepara..

$259

Handling Sensitive Dress Code Issues without Getting Sued

Handling Sensitive Dress Code Issues without Getting Sued

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the recording of the webinar for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com. Use coupon code "GRCTS10" to avail a 10% Discount on your purchaseCourse Description:This course will cover the business of dress and appearance requirements for HR or managers. Employers realize that their employees typicall..

$259

How to Navigate Political Speech in the Workplace

How to Navigate Political Speech in the Workplace

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the Recording of the Training for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com. Topic Description:Political speech at work is creating more of a problem now than it did during the 2016 Presidential election!!!   A  new survey has found that a significantly increased percentage of employees are f..

$429

New Customer or Con-Artist ? Online Account Opening and Risk Mitigation - NASBA CPE 1.5

New Customer or Con-Artist ? Online Account Opening and Risk Mitigation - NASBA CPE 1.5

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the Recording of the Training for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com.  Use coupon code "GRCTS10" to avail a 10% Discount on your purchase Description:  This webinar is designed to help banks and credit unions get smart about opening online accounts (Covers both new consumer and business acc..

$349

How Managers Can Erode Toxic Behaviors, Improve Performance, and Reduce Workplace Drama! - HRCI and SHRM Certification

How Managers Can Erode Toxic Behaviors, Improve Performance, and Reduce Workplace Drama! - HRCI and SHRM Certification

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the recording of the webinar for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com. Use coupon code "GRCTS10" to avail a 10% Discount on your purchase Course Description: They are likely the most gossiped topic at the water cooler—toxic employees! They shame, manipulate, and belittle in public a..

$229

Enterprise Risk Management for Banks - NASBA Certificate

Enterprise Risk Management for Banks - NASBA Certificate

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the recording of the webinar for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com.  Description:  This webinar covers all the elements of an effective ERM program designed for a financial services company (banking, insurance and asset management), and meeting regulatory requirements and expectations. An e..

$429

Practical Guide to Developing an Operational Risk Appetite Statement - NASBA CPE

Practical Guide to Developing an Operational Risk Appetite Statement - NASBA CPE

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the recording of the webinar for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com.  Description:  Regulators, credit rating agencies, board members, shareholders and other stakeholders expect that financial services companies clearly articulate and quantify their appetite for each type of risk taken by ..

$425

The Board of Directors Role in Cybersecurity - NASBA CPE 1.2

The Board of Directors Role in Cybersecurity - NASBA CPE 1.2

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the Recording of the Training for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com.  Description: This webinar will break down the Board’s role in effective cybersecurity oversight, the 12 questions a board member should be knowing to answer, key principles of oversight, tips and resources for board. ..

$349

Performing BSA/AML/OFAC Risk Assessments Properly

Performing BSA/AML/OFAC Risk Assessments Properly

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the Recording of the Training for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com.  Description: This 50-minute webinar will summarize the importance of performing BSA/AML/OFAC risk assessments properly. It will discuss the various components needed in order to implement an effective risk assessment, as wel..

$185

Identity Fraud in Banks & how to prevent it - 26 Red Flags and Tips - CPE Accredited

Identity Fraud in Banks & how to prevent it - 26 Red Flags and Tips - CPE Accredited

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the Recording of the Training for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com.  About the topic:  This webinar training helps attendees understand the 26 Red flags released by federal regulators in regard to identity fraud. The instructor will discuss how to create and implement the fraud control p..

$425

The Auditor-In-Charge - CPE Accredited

The Auditor-In-Charge - CPE Accredited

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. You can access the recording of the webinar for 6 months. Contact our support@grcts.com for any clarifications.  Why You Must Attend the Session:  The Auditor-In-Charge (AIC) has a great deal of responsibilities.  They must provide directions to the audit team; assess the quality of the work of the audit team; provide on-going communication to audit management and audit clients; ..

$235

AML in Review – A look back at 2018 and a look forward to 2019 - CPE Accredited

AML in Review – A look back at 2018 and a look forward to 2019 - CPE Accredited

This topic is available for On Site and Corporate Training. Contact support@grcts.com for more information. Overview:  A Look At Some Of The Hot Topics And Issues Regarding The AML Environment In 2018, And What Is On The Horizon For 2019 . The financial environment changes constantly to address new issues and concerns regarding AML. In 2018, AML addressed changes and challenges, and now is preparing for 2019.  Why you must attend:   By understanding what has go..

$425

Employee Expense Reimbursement Fraud: Detection, Prevention and Deterrence - NASBA CPE - 1.5

Employee Expense Reimbursement Fraud: Detection, Prevention and Deterrence - NASBA CPE - 1.5

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the recording of the webinar for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com.  Description: Expense reimbursement fraud—encompassing the myriad forms of employee travel and entertainment (T&E) schemes as well as Purchasing Card (P-Card) fraud—costs organizations hundreds of thousands, if..

$225

Marketing to Medicare or Medicaid Beneficiaries - What You Can and Cannot Do

Marketing to Medicare or Medicaid Beneficiaries - What You Can and Cannot Do

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the Recording of the Training for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com.  Course Description This webinar will review not only the Anti-Kickback Statute and its safe harbors, but will provide an in-depth overview of OIG guidance and advisory opinions dealing with marketing activities, as well..

$129