Overview:This webinar will provide a practical overview of the most common and costly forms of AP fraud today and then focus on the best ways to both detect and prevent such crimes. Case studies will be cited to help illustrate key points.Emphasis will be placed on the practical, "how-to" steps for early detection of red flags of AP fraud and the corresponding anti-fraud controls that, when properly implemented, will materially reduce the organization's risk of falling victim to both internal and external AP fraud.The Webinar will conclude with an introductory discussion about continuous controls monitoring and continuous auditing-two key components of long-term fraud risk mitigation.Why should you attend: Accounts Payable (AP) is the one business process that, in most organizations, is more vulnerable to fraud than any other. That is because virtually all funds that flow out of the organization must first pass through AP. And as we all know, fraudsters know all too well how to concentrate their illegal efforts where the money is most plentiful and most available.Result: It is more important than ever for management to focus professional and financial resources to identifying and eliminating any anti-fraud control weaknesses in the AP processAreas Covered in the Session:Understanding the leading types of accounts payable (AP) fraudMost common AP fraud control failures to beware ofHow to detect the red flags of key AP fraud schemesTraining your employees to detect, prevent and report AP fraudHow to implement proven anti-fraud controls in Accounts PayableWho Will Benefit:Internal and External Audit ProfessionalsAccounting and Audit PractitionersSenior Financial Management seeking to reduce their vulnerability to costly fraudsPayables ManagersProcurement ManagersCompliance and Ethics ManagersCFO's/senior Financial ManagersSecurity PersonnelInstructor:Peter Goldmann is founder and President of White-Collar Crime 101 LLC, the parent company of FraudAware and publisher of the monthly newsletter, White-Collar Crime Fighter. Peter has been the Publisher and Editor of White-Collar Crime Fighter for over 12 years and is recognized as a leading expert in the areas of fraud detection, prevention, investigation and training. He has written numerous articles on practical approaches to fraud prevention and detection for, among others, Internal Auditor, Investor's Business Daily, Financial Executives Institute and Bottom Line/Personal, Recognizing the vulnerability to fraud posed by a lack of awareness on the part of rank-and-file employees about specific types of economic crime , Peter launched the development of FraudAware in 2001.