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Courses/Audit & Assurance/Fraud

Fraud Lens for Accountants—AP and AR Invoices

Master fraud detection to spot red flags, implement robust controls in P2P and O2C invoice processes, incl. AI/RPA technologies. Safeguard your organization from costly transactional fraud.

Created byPeter Ilas, FCCA
5.0
(20 reviews)
All LevelsUpdated Jul 3, 2025
Fraud Lens for Accountants—AP and AR Invoices

What You'll Learn

check_circleIdentify and explain common fraud schemes in procure-to-pay (P2P) and order-to-cash (O2C) cycles
check_circleRecognize key red flags in AP and AR invoices that may indicate fraudulent activity
check_circleImplement effective preventive controls in P2P and O2C processes
check_circleDesign and execute detective controls to identify fraud quickly after it occurs
check_circleLeverage technology solutions, including automation and AI to strengthen fraud prevention
check_circleApply ethical decision-making frameworks when facing questionable transactions

About This Course

This comprehensive course, "Fraud Lens for Accountants—AP and AR Invoices," is essential for finance professionals seeking to fortify their organization's defenses against financial wrongdoing. Uncover the alarming statistics: organizations lose approximately 5% of their revenue to fraud annually, with the vast majority occurring in the routine, high-volume Accounts Payable (AP) and Accounts Receivable (AR) processes.

This practical course equips you with essential skills to spot red flags, implement effective controls, and protect your organization's assets throughout the procure-to-pay (P2P) and order-to-cash (O2C) cycles. You'll master how to detect and prevent common fraud schemes in Accounts Payable (AP) and Accounts Receivable (AR) processes, areas particularly vulnerable to both internal and external threats.

Through real-world scenarios and practical applications, you'll learn:

  • P2P Fraud Prevention: Identify fictitious vendors, invoice manipulation, payment diversion, and other schemes threatening your purchasing and payables processes
  • O2C Fraud Detection: Recognize lapping schemes, skimming, fraudulent write-offs, and other techniques used to manipulate sales and receivables
  • Control Implementation: Design and implement powerful preventive and detective controls tailored for AP/AR functions
  • Technology Applications: Leverage RPA (Robotic Process Automation) and AI (Artificial Intelligence) to strengthen fraud prevention capabilities

The course includes three valuable downloadable tools you can immediately apply in your daily work:

  • P2P Red-Flag Cards: Quick reference guide for identifying the seven most common fraud indicators in AP
  • O2C Red-Flag Cards: Seven warning signs of potential fraud in AR transactions
  • Rapid Dilemma Tree for Daily Transactions: Four-question framework for making sound ethical decisions when facing questionable scenarios

Whether you're a CPA, accounting manager, controller, internal auditor, or finance professional, this course will enhance your ability to safeguard your organization's financial integrity throughout the P2P and O2C cycles. Join us to develop your "fraud lens" and become a stronger defender against fraud attempts in your daily accounting operations.

Your Instructor

Peter Ilas, FCCA
Peter Ilas, FCCA

Nearly 30 Years of Accounting, Finance, Project, Strategy & Business Experience: Transforming Professionals into Agile Leaders with Proven Expertise

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star243 reviews

Embark on an educational quest with me, Peter Ilas, FCCA, a seasoned professional whose nearly 30-year career has spanned the spectrum from start-ups to global giants like Big4 Audit firms, DELL, and TOMRA. My journey through the realms of external and internal audit, strategic financial management, and leadership roles has crafted a rich repository of knowledge that I'm eager to share with fellow professionals. From the meticulous precision required in external and internal audits to the strategic oversight necessary as a Group Chief Accounting Officer, my career has been defined by versatility and a commitment to excellence. As a Senior Finance Manager, I've navigated the complexities of corporate finance, driving process improvements and mastering internal controls to achieve peak operational efficiency. The entrepreneurial spirit is the latest pinnacle in my professional evolution, embracing the dynamic worlds of freelancing and consulting. I've thrived in diverse company environments, guiding start-ups to find their footing and leading established firms to break new ground. My experiences have not only shaped businesses but have also been distilled into insightful educational content that fosters professional growth. Dive into the Ready Set Agile brand at https://rsagile.com, where my meticulously crafted books and courses embody the modern professional's need for agility—being nimble, fast, and adaptable. My offerings, aligned with CPD/CPE requirements, are not just about learning; they're transformative experiences designed to keep you at the forefront of your field. With a focus on rapid adaptation and continuous improvement, join me to make agility the cornerstone of your professional growth and let us navigate the ever-changing career landscape together.

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What Students Are Saying

5.0
Student's Choice
20 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.