Control the Fraud out of Accounts Receivable

The 2016 Global Fraud Study by the Association of Certified Fraud Examiners (ACFE) reveals that the typical organization loses 5 percent of revenues in a typical year as a... Read more

Effective Internal Controls Ensure AR Security at Weight Watchers International, Inc.

The importance of effective internal controls in AR departments at both private and public companies cannot be overstated. Internal controls are the key to maintaining an efficient operation, ensuring... Read more

Avoid Negative Company Culture, Avoid Fraud

Management can unwittingly create an environment where fraud is free to thrive. Managers – whether they are an employee's department head, the company's CEO, or another member of the... Read more

Implement Cash Receipts Best Practices to Deter AR Fraud

Cash receipts processing is a critical AR process, one few companies could not benefit from enhancing and expediting. While many companies implement best practices in this area to speed... Read more

Fraud’s Impact on Accounts Receivable

Whether a fraudulent transaction is recorded as an overstatement of assets or revenue (or understatement of liability or expense), the impact of the fraud scheme will ultimately hit the... Read more

ACH Payments Lower Credit Fraud Risk—But Vigilance Still Required

As accounts receivable managers continually explore strategies to enhance their companies’ cash flow management, getting customers to pay electronically via ACH (automated clearing house) has emerged as a major... Read more

How to Spot Fraud

The Financial Operations Networks’ CFO, Mike Iverson, offers suggestions on how to identify situations where fraud could occur.

The Crooked Comptroller: Poster Child for Segregating Duties

Rita Crundwell was well known in her home town, Dixon, Illinois. The long-time, trusted city employee enjoyed a national reputation as a champion horse breeder. Many residents thought the... Read more

5 Key Preventive Internal Controls in A/R

Internal controls are an essential failsafe for any organization regardless of size or complexity, as they promote timely and accurate financial information that is free from irregularities or errors... Read more

How to Ensure AR/Credit e-Communications Are Antitrust-Compliant

As e-mail and other forms of electronic communication have become ubiquitous in the business world, it’s easy for AR/credit professionals to forget that the exchange of credit information is... Read more