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Feature Story |
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The
Evolution of
Fraud
Prevention
What's changed and how it impacts your bottom line
by John
Brocar, Vice
President,
Fraud Risk
Solutions,
APEX
Analytix
You may not
see top
corporate
execs taking
"the perp
walk" on the
nightly
news, but
internal and
external
skullduggery
is bigger
than ever,
despite
beefed up
internal
controls,
anonymous
hotlines and
all the
other
countermeasures
put in place
since the
Sarbanes-Oxley
Act of 2002.
Read More
...
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Editorial Corner |
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Eye-opening fraud statistics show increased risk
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John Hiatt
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The Cheat Sheet, sponsored by APEX Analytix, focuses on the latest
developments in fraud detection and mitigation. Once a quarter, it
serves as a guide to help you protect your company, better manage staff and
get more done in less time.
In the last issue, we showed how other departments can benefit from a
comprehensive fraud risk analysis, and why involving stakeholders from other
departments can help accounts payable get a bigger bang for its prevention buck.
In this issue, we share eye-opening statistics about the increasing risk every
company faces, how the role of accounts payable has changed in the last few
years -- and the
best way to protect your organization in the future.
Your opinion matters a lot. Please let us know how successful we are at
including relevant articles by
taking a one-minute reader survey. We want to make this publication as
valuable as possible.
If you would like to remove yourself from this newsletter, please click
on link at bottom of page.
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Complimentary Webinar |
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Getting a High Payoff from a Fraud Risk Analysis
When accounts payable considers fraud detection products and services to
safeguard the company against losses, it makes good sense to look for ways that
a project can benefit more internal groups than just the A/P department. During
this APEX Expert™ Webinar, you'll learn how data collected and analyzed during a
disbursement risk analysis -- especially when it involves employee data -- can
provide real value to a number of other departments.
Topics include:
- Educating internal stakeholders on
"company-wide" benefits of fraud risk analysis.
- Collectively determine "high-risk" vendors.
- Detecting internal control issues.
- Recognizing patterns through statistical
analysis.
Register
and attend this on-demand Webinar at no charge.
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Scam Alert |
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Company Bosses Commit More Fraud
Top management is more likely to "have its hand in the cookie jar" and commit
more fraud, says a recent global KPMG survey.
Senior execs at the division, subsidiary and corporate level commit nearly
one-fifth of all fraud -- 18 percent in 2011, up from 11 percent in 2007, the
last time KPMG conducted the global survey. Of various top management roles,
those in CEO or managing director offices account for an increase in committed
fraud from just 11 percent in 2007 to 26 percent across the four-year period.
KPMG's report analyzes the pattern of fraud in 348 cases across 69 countries,
selected from thousands of cases KPMG has investigated for clients. Many have
never been made public. The report focuses on white-collar crime (including
financial statement fraud) and paints a picture of the characteristics that make
up the average fraudster.
Read More ...
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Risk Management : Guard against devastating financial losses |
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Process Management : Implement new processes & manage you staff |
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Time Management : Balance your work and life |
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InternetVIZ works with us to create a high-impact and
information-rich newsletter that is an invaluable tool
in our readers' busy lives.
from Helen Tueffel, VP of Global Marketing, APEX
Analytix
InternetVIZ
can make newsletters work for you! For more information,
click here.
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