Vendor Master File Fraud Detection and Prevention Using Data Analytics
Case studies to help you understand how to prevent and detect vendor master file (VMF) fraud CPE = 2
Is your vendor master file (VMF) secure against fraud?
Unfortunately in too many organizations, the answer is “no”. In part that is because too many individuals have access to the VMF. The more employees with the authority to access and manipulate the VMF, the greater the risk of fraud from entry of phony/sham vendors … fraudulent alteration of legitimate vendor payment information … abuse of dormant vendor accounts, etc.
This training will provide detailed descriptions of how VMF fraud is perpetrated, together with actual case studies. It will then offers specific, actionable methods for detecting potential or actual VMF fraud using data analytics tools. Live demos of analytics usage in detecting VMF fraud will provide step-by-step guidance for deploying these powerful audit tools.
Finally, you will receive expert insights into the most effective controls against VMF fraud, along with illustrative case studies.
This is a previously recorded 2-hour webinar from AuditNet® with Jim Kaplan and Donald Sparks
Delivery Method: Self-Study
AuditNet® is the Global Resource for Auditors, and serves the global audit community as the primary communications resource with an online digital network where auditors share resources, tools, and experiences including audit work programs and other audit documentation.
As the first online portal for the global audit community, AuditNet® has been at the forefront of audit websites dedicated to promoting the use of technology. http://www.auditnet.org/
Jim Kaplan, the founder of AuditNet®, became a Certified Internal Auditor in 1984. He has continuously promoted and encouraged the use of technology and the Internet for audit productivity.
As an active member of the IIA, he has held many positions at the local and International level. He is a founding member of the Northern Virginia Chapter and served as Chapter President in 1989. He retired from his government audit director position in 2005. He is the founder and President of AuditNet®, the global resource for auditors, and has been identified as an Internet for Auditors pioneer. Jim's contributions to the profession were recognized by the IIA (2007 Bradford Cadmus award) and the Association of Local Government Auditors (Lifetime Achievement Award). In addition to the IIA, he is a member of the Association of Local Government Auditors and the Association of Certified Fraud Examiners.