Business Email Compromise (BEC) Accounts Payable
Protect your organization from financial fraud with the Business Email Compromise (BEC) Accounts Payable Training Event, a specialized program designed to help finance professionals, accounts payable teams, and compliance officers combat evolving BEC threats. Learn essential techniques to safeguard your organization’s payment processes while earning 2 NASBA-Approved CPE credits.
Why Attend?
1. Combat BEC Scams with Confidence - Understand how fraudsters target the accounts payable process and gain the tools to implement safeguards that fully protect your organization.
2. Master Internal Controls - Learn how to create and implement effective internal controls to prevent unauthorized account changes and fraudulent payments.
3. Stay Ahead of Fraud Trends - Discover the latest fraud prevention techniques and best practices to secure vendor payments and build organizational trust.
4. Earn 2 CPE Credits - Boost your professional qualifications while equipping yourself with actionable strategies to enhance accounts payable security.
What You’ll Learn
This comprehensive training equips you with the knowledge and resources to tackle BEC scams and fraud in accounts payable head-on.
Course Highlights:
1. Understanding BEC and Fraud Trends
- Explore real-world examples of how BEC scammers compromise vendor payments.
- Analyze the unique vulnerabilities within email communication and accounts payable systems.
2. Internal Controls for Fraud Prevention
- Identify critical internal controls to mitigate fraud risks.
- Learn best practices for authenticating vendor information and validating account changes.
3. Tools and Templates
- Access customizable templates, such as vendor inquiry procedures, call scripts, and banking validation forms, to fortify your payment processes.
4. Specialized Training for Your Team
- Conduct security awareness training specifically geared toward accounts payable professionals.
- Empower your team to identify fraud attempts and respond effectively.
Templates Provided:
Participants will gain exclusive access to practical tools, including:
- Authentication Reference Template
- Vendor Banking Form Template
- Global Vendor Validation Reference List
- Confirmation Call Script and Log Templates
- Desktop Procedures for Vendor Inquiries
Key Issues Discussed:
- Common pitfalls leading to vendor payment fraud.
- Proven internal control enhancements to secure the payment lifecycle.
- Techniques to ensure vendor data validity using multi-step verification methods.
Benefits of Attending
- Improve Payment Security: Build confidence in your organization’s ability to detect and prevent BEC scams.
- Streamline Processes: Implement robust internal controls to enhance efficiency and reduce vulnerabilities.
- Build Team Expertise: Equip your team with the knowledge and tools to respond to evolving fraud techniques.
- Earn CPE Credits: Enhance your professional standing with 2 NASBA-Approved CPE credits in Auditing.
Event Details
- Schedule: Every six weeks on Fridays from 10 a.m. to 12 p.m. CST.
- Format: Online, live interactive sessions (Group Internet-Based).
- Duration: 2 hours.
- CPE Credits: 2 NASBA-Approved CPE credits.
- Cost: $140.
- Private Training Available: Tailored sessions for two or more attendees can be arranged.
Who Should Attend?
This training is ideal for professionals looking to strengthen their payment security measures, including:
- Accounts Payable Teams: Safeguard vendor payment processing with advanced internal controls and validation techniques.
- Finance Professionals: Protect your organization from significant financial losses caused by fraud.
- Compliance Officers: Ensure internal processes comply with auditing and regulatory standards while minimizing payment risks.
Why Preventing BEC Matters
Business Email Compromise fraud is one of the most significant threats to organizational security. Mastering internal controls ensures:
- Fraud Mitigation: Proactively address BEC risks by validating requests and vendor remittance information.
- Regulatory Compliance: Establish robust processes that align with best practices and financial regulations.
- Organizational Trust: Build confidence in your internal policies among stakeholders and vendors.
Register Now
Empower your team and protect your accounts payable process with the BEC Accounts Payable Training Event. Learn proven strategies to combat fraud, enhance security measures, and earn 2 CPE credits.
Register today to secure your spot and safeguard your organization against the rising threat of business email compromise!
Details on Event Presentation
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.
NASBA Program Disclosure
Program Level of Understanding: Basic to Advanced
Prerequisites: None
Advance Preparation: None
Delivery Format: On-site Training (Group-Live); Seminar (Group-Live)
NASBA Field(s) of Study: Auditing
CPE Credits: 2, based on 50 minutes of instruction per hour.CPE Event Highlights
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Combatting Business Email Compromise (BEC): Gain insights into the evolving landscape of BEC scam threats and learn proactive measures to protect your organization from fraudulent activities targeting the accounts payable function.
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Internal Control Best Practices: Discover effective strategies to develop and implement robust internal controls specifically tailored to combat BEC scam threats within the accounts payable process.
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Fraud Prevention Techniques: Explore practical techniques and best practices for preventing fraudulent activities related to vendor payments and account changes.
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Learning Objectives
- Understanding how to implement up to 6 steps to avoid BEC and other frauds when vendor remittance details are changed based on requests received via email, fax, or hardcopy.
- How to identify the required validations to verify the authenticity of vendors and ensure compliance with regulatory requirements
- Approaching the customization and utilization of the included tools and templates to implement authentication techniques, internal controls, BEC scam best practices, and vendor validations to enhance the current vendor process.
Key Issues on the Agenda
Section 1 - Why It’s Getting Harder Not to Pay a Fraudster
- Your Current Process
- The Problem with Email
- The Problem with that Confirmation Call
Section 2 - New Process for Vendor Bank Changes
- Add Authentication Techniques, Internal Controls and Best Practices concerning BEC scams
- Add One Additional Control So You Don’t Lose Significant Vendor Payments
Section 3 - Templates and Resources to Implement Now
- Authentication Reference
- Vendor Banking Form Template
- Vendor Validation Reference List
- Vendor Global Registration Numbers
- Confirmation Call Script
- Confirmation Call Log
- Send Vendor Notification of Change
- Check Payments Before Sending Pay File
- Make it Auditable - Desktop Procedure - Vendor Inquiries
Section 4 - Question & Answers about BEC scams
Summary of the Subject Matter
This CPE event, "The Bank of Accounts Payable," delivers a comprehensive exploration of the critical subject matter: the risks associated with Business Email Compromise (BEC) scams and strategies for implementing internal controls to mitigate these risks within the accounts payable process.
The BEC event provides deep insights into authentication techniques, the establishment of robust internal control systems, specialized training for the Accounts Payable team, and the utilization of tools and templates to enhance vendor validation processes and overall security measures.
Upon completion of the event, participants will earn 2 Auditing CPE Hours (YB), making it a valuable opportunity to gain actionable knowledge while fulfilling professional development requirements.
Distinguished Instructor
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Debra R Richardson, MBA, CFE, APM, APPM, CPRS
Debra, an accounts payable consultant with over 20 years of experience in Fortune 500 companies like Verizon, General Motors, and Aramark, is a seasoned professional in accounts payable, accounts receivable, general ledger, and financial reporting. Debra brings a wealth of knowledge to her events.A Certified Fraud Examiner (CFE), her expertise in Global Vendor Maintenance and implementation of vendor self-registration portals has been pivotal in establishing robust internal controls to prevent fraud.
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