The Problem: Business Email Compromise (BEC) costs "Real Money"!
Join us for an enlightening CPE event on one of the major BEC targets: "Accounts Payable" processing. This event is hosted by Debra R Richardson a noted industry expert in procure to payment.
This CPE event aims to offer a thorough comprehension of the risks associated with Business Email Compromise (BEC) and strategies for implementing internal controls to mitigate these risks within the accounts payable process.
The internal controls covered in this event detail:
- Verification of Vendor Information: Validating the authenticity and accuracy of vendor details to ensure compliance with regulatory requirements.
Authentication Techniques: Implementing authentication protocols to verify the legitimacy of requests for changes to vendor remittance information received via email, fax, or hardcopy.
Internal Control System: Establishing a comprehensive internal control system designed to combat BEC, including robust processes and best practices to mitigate the risk of fraudulent payments.
Specialized Training: Providing security awareness training tailored to the Accounts Payable team to educate them on recognizing and addressing potential BEC threats.
Utilization of Tools and Templates: Customizing and utilizing specific tools and templates provided to improve vendor validation processes and enhance overall security measures.
Enrolled participants will have access to a suite of downloadable templates, including but not limited to:
- Authentication Reference Template
- Vendor Banking Form Template
- Global Vendor Validation Reference List
- Confirmation Phone Call Scripts Template
- Confirmation Log Template
- Desktop Procedure Template – Vendor Inquiries / Help Desk
You will learn in this event an internal control system to avoid fraud when vendor remittance information is changed. Come away with a Fort Knox mindset and a process that is complete with the forms and scripts you need to implement today.
Each attendee will receive 2 Auditing CPE Hours (YB). A certificate of completion will be provided.
The Bank of Accounts Payable (BEC)
Offered every six weeks on Fridays at 10:00 a.m. to 12:00 p.m. Central Time in two CPE-Credit event.
We can schedule private events on your timetable for two or more attendees.