2. About Jim Kaplan, MSc, CIA, CFE PresidentandFounderofAuditNet,theglobalresourceforauditors Auditor,WebSiteGuru, InternetforAuditorsPioneer RecipientoftheIIAs2007BradfordCadmusMemorialAward. AuthorofTheAuditorsGuidetoInternetResources2ndEditionCopyright 2013 FraudResourceNet LLCAbout Katrina Kiselinchev, CPA, CIA, CFE, CFF PresidentofInclusivitie,WeDoSMART IntegrationPartnerwithIDEA Experienceacrossindustries,audit,fraud,andvalue AchievedValueof$5+Million&ROIof2000+%,which includedusingIDEAsSMARTAnalyzer. AdjunctProfessoratGeorgiaStateUniversity SpecificFraud inAccountsPayablee.g.VendorOvercharges, Duplicates,andDiversionofRefundsCopyright 2013 FraudResourceNet LLC 3. Webinar Housekeeping This webinar and its material are the property of AuditNet and FraudAware. Unauthorized usage or recording of this webinar or any of its material is strictly forbidden. We will be recording the webinar and you will be provided access to that recording within five business days after the webinar. Downloading or otherwise duplicating the webinar recording is expressly prohibited. Please complete the evaluation to help us continuously improve our Webinars. You must answer the polling questions to qualify for CPE per NASBA. Submit questions via the chat box on your screen and we will answer them either during or at the conclusion. If GTW stops working you may need to close and restart. You can always dial in and listen and follow along with the handout.Copyright 2013 FraudResourceNet LLCDisclaimers The views expressed by the presenters do not necessarily represent the views, positions, or opinions of FraudResourceNet LLC (FRN) or the presenters respective organizations. These materials, and the oral presentation accompanying them, are for educational purposes only and do not constitute accounting or legal advice or create an accountant-client relationship. While FRN makes every effort to ensure information is accurate and complete, FRN makes no representations, guarantees, or warranties as to the accuracy or completeness of the information provided via this presentation. FRN specifically disclaims all liability for any claims or damages that may result from the information contained in this presentation, including any websites maintained by third parties and linked to the FRN website Any mention of commercial products is for information only; it does not imply recommendation or endorsement by FraudResourceNet LLC Copyright 2013 FraudResourceNet LLC5 4. Learning Objectives CostliestProcurementFraudstoBewareof IndicatorsofPossibleCollusiveProcurementVendorSchemes RedFlagstoLookforinAuditsofProcurementUsingDataAnalytics HowtoConducttheAuditUsingDataAnalytics WhattoDoifyouFindVendororProcurementFraudCopyright 2013 FraudResourceNet LLC6Agenda Introduction Standards&Essentials FraudStateoftheUnion IntheNews:CostliestFormsofPayablesFraud AccountsPayableFraudsters IMAManufacturingCompanyCase PlanningforAccountsPayableFraud DataGathering&SoftwareIntroduction DiscoverywithDA:IsThereFraudatIMAManufacturing RedFlagDetection&Collusion FindingAccountsPayableFraud&NextStepsCopyright 2013 FraudResourceNet LLC7 5. The Auditors RoleIPPFStandard1210.A3 Internalauditorsmusthavesufficient knowledgeofavailabletechnology basedaudittechniquestoperformtheir assignedworkCopyright 2013 FraudResourceNet LLCIIA Guidance GTAG 13 Internalauditorsrequireappropriateskills andshoulduseavailabletechnological toolstohelpthemmaintainasuccessful fraudmanagementprogramthatcovers prevention,detection,andinvestigation. Assuch,allauditprofessionals notjust ITauditspecialists areexpectedtobe increasinglyproficientinareassuchas dataanalysisandtheuseoftechnologyto helpthemmeetthedemandsofthejob.Copyright 2013 FraudResourceNet LLC 6. Professional GuidanceCopyright 2013 FraudResourceNet LLCFraud State of the Union2012ACFE Reporttothe NationsCopyright 2013 FraudResourceNet LLC 7. Fraud State of the Union2012 ACFE Report to the NationsCopyright 2013 FraudResourceNet LLCIn the News: Costliest Forms of Accounts Payable Fraud AccordingtoACFE's"ReporttotheNationonOccupationalFraudandAbuse": >39%ofFraudCasesinAPOccurinBusinesswith
