Detecting and Preventing Revenue and Receivables Fraud

This webinar will explain numerous types of accounts receivable fraud (A/R fraud). It will provide attendees best practices for detecting and preventing all major forms of this type of fraud.

Why Should You Attend:

The headlines are full of news about high-tech fraud such as data breaches and information theft. But it is a mistake to focus too much attention and resources on protecting the organization from these serious external crimes at the expense of potentially debilitating internal frauds. Among the latter, accounts receivables schemes too often are detected many months or even years after they were initiated, with serious financial losses being the usual consequence.

This webinar will focus on common forms of receivables theft and dissect the specific ways in which management falsifies receivables numbers in order to artificially inflate the organization’s financial numbers. It will cover case studies to illustrate the numerous forms of receivables fraud and will help attendees understand best practices for A/R fraud detection and prevention.

Learning Objectives:

Upon completion of this webinar, participants will be able to:

• Identify the key indicators of receivables theft
• Detect the critical red flags of receivables-based financial reporting fraud
• Formulate an audit plan to pinpoint the red flags of receivables fraud
• Identify weaknesses in the organization’s internal controls that allow receivables fraud to go undetected
• Formulate a framework of best practices for receivables fraud prevention

Areas Covered in the Webinar:

• Introduction
• Statistical overview of the “fraud problem”
• Case studies of actual A/R frauds
• Who commits A/R fraud
• Why employees commit cyber-fraud (The Fraud Triangle)
• Most common A/R frauds
• Red flags of common A/R frauds
• Effective internal controls to mitigate A/R fraud risk
• Common Types of Information Security/Cyber Fraud Today

• Lapping
• Skimming
• Statement stealing
• Fraudulent revenue inflation
• Fraudulent receivables manipulation

Who Will Benefit:

• Internal auditors
• External auditors
• Accounts receivable managers
• Senior accounting management
• Internal control management
• Risk managers
• Security managers
• Compliance managers

Instructor Profile:

Peter Goldmann, 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, 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) as well as an active member of the Institute of Internal Auditors, the High-Tech Crime Investigation Association and the IOFM Controller Certification Advisory Board. He is a regular columnist for the ACFE’s newsletter, The Fraud Examiner and is a frequent contributor to other leading industry publications on anti-fraud topics. He has appeared on Fox Business News, The Wall Street Journal This Morning, The New York Times and Internal Auditor magazine.