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.
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:
The course includes three valuable downloadable tools you can immediately apply in your daily work:
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.
5 activities • 11 videos • duration: 1h 31m
Practical AI for Accounting & Finance | Build Your Own Tools | Fraud Prevention, E-Invoicing & Ethics | 30 Years of Experience
My courses focus on practical applications of AI in accounting and finance, alongside fraud prevention, e-invoicing and financial reporting ethics. – AI Finance: Build and customise reconciliation tools and fraud dashboards using plain-language prompts (“vibe coding”), without prior programming experience. Learn to validate results, protect sensitive data and create repeatable workflows. – Fraud prevention and internal controls: Recognise red flags in invoices, payments, payroll and other transactions, and apply preventive controls and structured investigation methods. – E-invoicing: Understand global requirements, electronic invoice formats and opportunities to automate accounts payable and receivable. – Financial reporting ethics: Work through accounting judgments, estimates and ethical dilemmas using practical cases and decision-making tools. My teaching draws on 30 years of experience in accounting, finance leadership, internal and external audit, and transformation, including roles at Big4 firms, DELL, SSE and TOMRA. I am a Fellow of ACCA (FCCA) and the founder of E-LITE Consulting and RSAgile.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
Great quizzes
Another great course by Peter. Presentations and narration are among the best here. I also like downloadable one-pagers as course takeaways. Thank you!
