Without a doubt, the most common type of fraud we see is vendor fraud. It comes in many forms and can operate in an organization for years without detection. If your organization is infested with a vendor fraud scheme, it is likely this fraud is leaching money from your bank accounts without your knowledge…and undetected, it could go on indefinitely. This course is intended for those who “touch documents” and can be specifically geared for internal auditors who investigate fraud, as well as accounting personnel who review supporting documents and post transactions on a daily basis.
Here is what you will learn:
- An overview of the fraud epidemic issue and why it is not only possible, but likely that some form of fraud will victimize your organization.
- The “Red Flags” of vendor fraud. What to look for and how to interpret your findings.
- What’s wrong with this document? Class participants will learn to distinguish between real, bogus and altered invoices learning hands-on, what to look for as they review documents.
- There’s gold in that computer! What Data Mining is and how to utilize it in an investigation. Aside from anonymous tips, Data Mining is the single most useful tool to ferret out vendor fraud.