Since accounts payable is responsible for most payment functions, it falls to those in charge to ensure the tightest possible controls and prevention of fraud. Fraud in Accounts Payable: How to Prevent It presents various accounts payable fraud scenarios, from check fraud to employee fraud. Industry expert Mary Schaeffer shows auditors, controllers, and managers how to spot the many types of frauds and situations that frequently take place in companies and equips them with the necessary tools to halt fraud from occurring in the first place in accounts payable. It includes over 50 real-life examples which demonstrate just how common fraud is.

Author Biography

Mary S. Schaeffer is a nation-ally recognized accounts payable expert. She is the founder and Editorial Director of Accounts Payable Now & Tomorrow, a newsletter for professionals interested in payment issues. She is the author of twelve books and has written hundreds of articles that have appeared in publications such as the New York Times, Corporate Cashflow, Treasury & Risk, Business Credit, the Writer, Newsday, and newsweek.com. She has an MBA in finance and is a member of the New York Financial Writers' Association. She is a regular contributor to AICPA's Corporate Finance Insider publication.