Fraud Lens for Accountants: AP and AR Invoices (Video) (Course Id 2598)

• Who is this course for?
  This course is designed for CPAs, accounting managers, controllers, internal auditors, finance professionals, and anyone needing CPE who are responsible for AP/AR processes and fraud prevention.

• What is this course about or what problem does this course solve?
  It focuses on helping accountants detect and prevent fraud within high-volume Accounts Payable and Accounts Receivable invoice cycles—fraud such as fictitious vendors, invoice manipulation, lapping, skimming, write‑offs—and how to implement controls and use technology to guard against these threats.

• How can the knowledge from this course be used?
  Participants learn to spot red flags in AP/AR transactions, apply preventive and detective controls, use downloadable red‑flag tools (P2P and O2C cards), leverage RPA/AI automation, and use an ethical decision tree to act confidently in daily transactions.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  CPAs and financial professionals must protect organizational revenue—since organizations lose ~5% of revenue annually to fraud—and are required to maintain strong internal controls and ethical practices related to NECPA/NASBA standards and audit responsibilities.

• When is this course relevant or timely?
  Released and revised on July 28, 2025, this self‑study video course addresses the growing use of AI and RPA in fraud schemes and defenses, making it immediately relevant for modern accounting controls.

• How is a course like this consumed or used?
  Delivered as a NASBA QAS-registered self‑study video, learners watch the modules online, complete a final exam of 13 questions (70% passing score), use downloadable tools during or after study, and receive 2.5 CPE credits upon passing.

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.

Please Note: These Fraud CPE credits satisfy the California Board of Accountancy (CBA) fraud requirement.

Video - NASBA QAS - NASBA Registry - 2598

Course Learning Objectives

1. Identify and explain common fraud schemes in procure-to-pay (P2P) and order-to-cash (O2C) cycles
2. Recognize key red flags in AP and AR invoices that may indicate fraudulent activity
3. Implement effective preventive controls in P2P and O2C processes
4. Design and execute detective controls to identify fraud quickly after it occurs
5. Leverage technology solutions including automation and AI to strengthen fraud prevention
6. Apply ethical decision-making frameworks when facing questionable transactions

Section 1 - Introduction and Bonus Tools

Section 2 - Procure-to-Pay (P2P) Fraud Prevention

Section 2 Review Questions

Section 3 - Order-to-Cash (O2C) Fraud Prevention

Section 3 Review Questions

Section 4 - Course Takeaways and Completion

Glossary