Overlooked AP Internal Controls

2023-07-18

Are your accounts payable internal controls protecting you from unseen dangers, or are they leaving you exposed to financial disasters? Discover the hidden vulnerabilities in accounts payable internal controls that could expose your organization to risks and potential losses. From errors and duplicate payments to fraud, these often-ignored areas create a breeding ground for financial disaster. Join Mary Schaeffer, founder of AP Now, as she sheds light on three common control mistakes and unveils a shocking revelation that undermines the foundation of separation of duties. Don't miss out on crucial insights that could reshape your understanding of accounts payable controls. Watch now and protect your financial health. #accountspayable #internalcontrols #apinternalcontrol

Many organizations believe their accounts payable internal controls are strong not realizing that there are a number of overlooked areas where controls are weak. Of course, this opens the door to mistakes, duplicate payments and fraud. We look at three such areas that are frequently ignored. Make sure you stick around until the end when we examine one mistake – and that’s exactly what these are – that goes on in numerous organizations exposing them to a complete lack of separation of duties and hence a potentially devasting fraud.

The Weakest Link: Where AP Separation of Duties Fall Apart
https://youtu.be/xR8gx4KrIbU

How Employees Steal
https://youtu.be/yL_D7QlOLEI

Vendor Credits: Why They May be Disappearing and How to Stop IT https://youtu.be/Kog6wm8lr_k

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement

+And much more!!

Subscribe for more tips and insights like this:
https://www.youtube.com/APNow?sub_confirmation=1

+++++++++++++++++++++++

See most recent videos at:
https://www.youtube.com/@APNow/videos