Putting the AP in hAPpy
A weekly podcast providing fraud prevention and vendor setup training to protect the vendor master file. Immediate takeaways with actionable steps you can implement today into your vendor onboarding and maintenance process to reduce fraud and regulatory fines. Great tips for the Accounts Payable and Procurement teams to clean-up their vendor data, clean-up their vendor processes so that they can pay the right vendor.
Putting the AP in hAPpy
Episode 64: Lessons Learned From One Government Incident to Prevent Employee Fraud
Today we are going to talk about the lessons we can learn from an incident where an employee stole millions of dollars via ach, wire transfers and credit card payments over a 3 year period before being caught.
Keep listening.
Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls and best practices to prevent fraudulent payments.
Free download: Vendor Validation Reference List with Resource Links
Links mentioned in the podcast:
- Blog Post: Get Your Vendor Setup & Maintenance Desktop Procedures in Order
- Pierce County Housing Authority article: https://komonews.com/news/local/audit-ex-employee-stole-7-million-from-housing-agency-in-states-largest-ever-fraud-case
- ACFE: ACFE’s 2018 Report to the Nations – Government Edition
- Audit: Fraud Investigation Report
- Lynn Larson, Recharged Education https://www.recharged-education.com/controls
- Bank Account Ownership Validation: www.earlywarning.com or www.giact.com
- 5 Day Vendor Master File Clean-Up
- Vendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download
- More Podcasts/Blogs www.debrarrichardson.com
- More ideas? Email me at debra@debrarrichardson.com
Music Credit: www.purple-planet.com