Praise for Fraud in Accounts Payable "Fraud in Accounts Payable is an insightful book that takes an in-depth look at the three most frequently committed fraudulent cash disbursement schemes directly related to your accounts payable function. Mary provides colorful and poignant stories showing how easy it can be to steal from both within and outside an organization. But the real beauty of this book is that Mary illustrates ways you can immediately begin implementing effective and efficient controls to reduce the opportunities for fraud within your organization."
—Matthew D. Storlie, CFE, Fraud & Forensic Services Virchow, Krause & Company, LLP
"Mary has delivered another book full of specific suggestions for improving accounts payable processes. Fraud in Accounts Payable is an easy-to-read guide that identifies real-world problems and offers practical solutions. Her books and articles have quickly become some of my core resources."
—Stephanie K. O'Cain, Chief Financial Officer Municipal Association of South Carolina
"Fraud could never take place in my accounts payable department."
"My employees would never steal from me! I trust them too much . . ."
Sound familiar?
The definitive resource for every accounts payable department, Fraud in Accounts Payable affords you a bird's-eye view of what's really going on in your accounts payable department and how you can defend it against every potential type of fraud, including check fraud, payroll fraud, and T&E fraud.
Written by Mary Schaeffer, America's most accomplished accounts payable expert, this thorough and highly readable guide is filled with authoritative tips, techniques, and advice on:
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Uncovering hidden pockets of weakness where your organization is vulnerable
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Getting rid of those bad practices that allow all sorts of frauds to flourish
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Setting up antifraud safeguards
Reminding us to "never say never," Fraud in Accounts Payable explains in plain English how to protect your accounts payable department so it becomes—and stays—financially healthy.
"Fraud and murder have a lot in common. If you've seen even a few detective shows or movies, you know there are three factors for identifying the murderer: means, motive, and opportunity. Alas, the same is true for fraud."
â??From
Fraud in Accounts Payable It's an undeniable fact of corporate lifeâ??fraud happensâ??and it is particularly likely to take place in accounts payable because of this department's easy access to the organization's money. Fraud in Accounts Payable is written with a two-fold goalâ??to make fraud so difficult within an organization that potential perpetrators give up and take their efforts elsewhere and to provide auditors, controllers, managers, and executives with the best practice tools to detect fraud and get it out of their organizations.
A realistic and unflinching look at corporate fraud, this practical guide pulls the curtain back on fraud in accounts payable, revealing that every organization is vulnerable to it, as well as the appropriate steps professionals can take to both detect and prevent it. Myths such as "fraud could never happen to my business" or "I trust my employeesâ??they would never steal from me" are confronted and dissolved with coverage of:
No organization can afford to take the issue of fraud lightly. This is required reading for every professional, whether their organization is a small business or a large corporation. Fraud in Accounts Payable will help organizations know the appropriate steps to both detect fraud and prevent it in the accounts payable departmentâ??before it eats away at the bottom line.
