Vendor issues in an effective accounts payable function are often ignored. This is unfortunate because poor controls around the master vendor file, the way data is entered, and the lack of rigid internal controls all play a key role in preventing fraud and duplicate payments. And, it’s not as easy as you might think. There are numerous details, which if ignored, can cause problems whose impact is felt directly in the bottom line. Industry expert Mary Schaeffer delves into this material revealing where the problems are and what every organization should be doing to minimize, if not eliminate, the impact of these issues.
Learning Objectives
Identify issues related to proper and improper segregation of duties as they relate to the master vendor file
IUnderstand the necessity of regularly cleansing the master vendor file
Integrate the use of the TIN Matching program into the vendor set-up routines
Integrate controls into the accounts payable process to prevent phony e-mails from causing payment fraud
Identify problems created when vendor credits are not identified and recovered regularly
To complete this course participants need to: View the video and complete an assessment exam with a minimum passing grade of 70% or higher.
Upon course completion a course evaluation form is provided for your feedback.
You have 1 year from the time of purchase/enrollment to complete the course.
Our Refund Policy can be found at: cpeprime.com/cancellation-and-refund/