Finance and Accounts Payable fraud has been a big focus for us this year, and as our independent research studies have shown, it continues to impact finance teams worldwide.
Here are just some of the shocking statistics we discovered:
- 44% of global finance teams know a victim of accounts payable fraud in the last three years.
- The top two types of accounts payable fraud experienced are:
- Duplicate invoices for goods and services
- Expense fraud
- 81% of teams felt their manager could do more to protect the finance team from fraud.
With this in mind, and as fraudsters continue to target AP teams, it’s up to all of us to stay alert and reduce the risk of being caught out.
That’s why throughout December and in the 12-days running up to Christmas, we’re giving away daily tips from our expert trainers on how to be fraud free in 2023.
How to get the tips?
- Join the IFOL community and access a tip a day, plus lots more when you sign up!
- Follow us on LinkedIn and like/share our tips to spread the word further.
Want to hear more about our research?
Access our full research report on Accounts Payable Fraud.