Accounts Payable Risk and
Fraud Prevention

09 – 13 June 2025
Sandton Johannesburg South Africa

Accounts Payable Risk and Fraud Prevention

Register Now! Limited Seats Available!

R17, 999.00 Per Delegate

Course Overview:

Businesses suffer an average of $155,000 every time an insider commits fraud. More disturbing: Billing schemes are by far the most common fraud schemes threatening organizations, making up nearly one-third of the total. Adding to the problem, check fraud is rising at a rate of 25% per year and criminals are coming up with new high-tech ways of hijacking corporate ACH (Automated Clearing House) accounts.

In this session, participants will learn how to identify the different varieties of AP-related fraud schemes damaging organizations of all kinds, including small businesses and non-profits. You will learn to determine how shrewd fraudsters abuse the AP process to embezzle funds for years before being detected and how to shorten the time before discovery. This training will enable you to quickly recognize the red flags of AP fraud in your operations and financial records and will assist in providing cost-effective anti-fraud controls to protect against the growing army of fraudsters both inside and outside your organizations.

The course is designed to ensure participants leave with actionable strategies and techniques to significantly reduce the risk of fraud in accounts payable functions.

Key Focus Areas:

  • Deep dive into AP fraud schemes and risks
  • Best practices in creating and maintaining AP internal controls
  • Leveraging technology for fraud detection and prevention
  • Advanced auditing techniques and real-world case studies
  • Regulatory and compliance considerations in AP management

Course Objectives:

  • Identify and assess risks within the AP process that could lead to fraud or financial losses.
  • Detect common AP fraud schemes, such as duplicate payments, supplier kickbacks, and invoice fraud.
  • Implement strong internal controls to minimize the risk of fraud and errors in AP transactions.
  • Utilize technology and data analytics to enhance fraud detection and prevention efforts.
  • Develop effective auditing strategies to continuously monitor and review AP transactions.
  • Understand regulatory and compliance requirements related to accounts payable and fraud prevention.
  • Apply case studies and best practices to real-world scenarios, improving organizational AP risk management.
  • Design an AP fraud prevention framework, including roles and responsibilities for staff and management.

Methodology:

  • Interactive lectures
  • Group discussions
  • Case study analysis
  • Real-life examples
  • Hands-on exercises and tools

Who Should Attend:

  • Accounts Payable Managers and Supervisors
  • Finance and Accounting Professionals
  • Internal and External Auditors
  • Compliance Officers
  • Treasury Professionals
  • Procurement Managers
  • CFOs and Controllers
  • Risk and Fraud Prevention Officers
  • Business Process Owners involved in the AP function

Course Outline:

  1. Introduction to Accounts Payable Risk and Fraud
    • Importance of strong AP processes
    • Common AP fraud schemes and risk factors
    • Case studies of AP fraud in various industries

Fraud Detection and Red Flags

    • Behavioral red flags and fraud warning signs
    • Data analytics and using key metrics to detect fraud
    • Investigating suspicious AP transactions

Internal Controls for Accounts Payable

    • Best practices in segregation of duties
    • Managing vendor relationships and supplier fraud
    • Enhancing invoice review and approval processes
    • Policies for expense reimbursement and procurement cards

Technology and Tools for AP Fraud Prevention

    • Automating AP processes to reduce fraud risk
    • Using artificial intelligence and machine learning in fraud detection
    • Integrating ERP systems and fraud detection software

Auditing and Continuous Monitoring

    • Establishing an effective AP audit process
    • Tools for continuous monitoring of AP transactions
    • Audit trails and exception reporting

Regulatory and Compliance Considerations

    • Understanding anti-fraud regulations
    • Compliance with Sarbanes-Oxley (SOX) and other financial regulations
    • Ethical considerations and creating a fraud-resistant culture

Developing a Fraud Prevention Strategy

    • Building an AP fraud risk management framework
    • Training staff to recognize and report potential fraud
    • Assigning roles and responsibilities within the AP department

Real-world Case Studies and Best Practices

    • Analyzing AP fraud case studies from global organizations
    • Discussing successful fraud prevention strategies
    • Industry-specific fraud prevention tips and techniques

End of the workshop

IN HOUSE AND ONLINE TRAINING

While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.

For Registration and other Training arrangements,
contact us on the detail below.

SOUTH AFRICA : +27 11 057 6001
TANZANIA Cell: +255 769 688 544
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com