Accounts Payable Cheat Sheet for Detecting and Preventing Supplier Frauds
Supplier frauds, which make up an important component of risks, can lead to a spiraling effect on organizations, impacting their finances, reputation, operations and stakeholder relations. Though some risks could be beyond an organization’s direct control (think natural calamities, sudden change in technology which requires some time and investments in learning and implementing the same etc.), there are a few best practices that an organization can adopt to reduce frauds and adopt ways to mitigate them in the best possible manner.
- Impact of Supplier Frauds
- Best Practices to Mitigate Risks
- Role of Technology in Fraud and Risk Management