Customer Reviews

Fraud in Accounts Payable: How to Prevent It

5 star:		(2)
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I liked this book. I found it to be well written and well outlined. As a CPA I found it to be sound and an easy read. It is insightful. And it provides an in-depth coverage of how the A/P function in an accounting system should work AND how it can be bent in order to perpetrate a fraud or frauds.

Why is this subject so important? Because accounts payable intimately relates to a company's cash accounts or bank accounts. A/P allows a check writer to send money out of a company bank account and into either a legitimate vendor's or legitimate employee's bank account. But the fraud comes in when the accounting system allows a check writer to send a check to an illegitimate vendor, illegitimate employee, or fake whatever.

This book was not short or lightweight. It really does a thorough job covering its subject matter. I recommend you examine the Search Inside feature Amazon provides for this book in order to take a look at the book's Table of Contents. There are 16 chapters and 4 appendices. If you are a small business owner, or someone involved with a company's accounts payable function, then this book is for you. Read it, study, and become expert in its contents. A good defense is a sound offense. 5 stars!

A Must-Read for Every Executive Concerned about the Bottom Line
When it comes to fraud, no company can afford to look the other way. The losses come right out of the bottom line. Unfortunately, before the publication of this book, many people did not know where to start. With the information in this insightful book, business executives everywhere will be able to identify the weak spots in their organizations that might permit fraud to flourish both from internal and external sources. Don't think it could never happen in your shop. As the statistics revealed in this book show - it can happen anywhere, including right under your nose.