6 minute read
April 3, 2020

How to Run a Recovery Audit

More and more businesses are turning to external vendors to support their core business functions, which means the number of invoices they receive has increased... Read More
3 minute read
September 21, 2012

The Great and Powerful Oz: Why POs Aren't the Real Answer

I'm not sure when it happened, when POs became a supportable answer to potential problems in accounts payable departments. Although they are essential in conducting... Read More
5 minute read
August 31, 2010

Fraud and Accounts Payable: A Real World Example

I recently read an article about a woman who stole $57K from her former Massachusetts employer.  While the amount stolen was not millions of dollars, I think the example... Read More
4 minute read
April 5, 2010

Is a Recovery Audit a Sarbanes-Oxley Requirement?

  This question came to my mind after hearing multiple companies state it is a Sarbanes-Oxley requirement that they perform a recovery audit every one, two, or three... Read More
3 minute read
February 2, 2010

1099 Reporting and Duplicate Payments

I recently met with a company who had a business process failure that caused a bunch of duplicate payments. Luckily, the company had identified the issue, actually a... Read More