Fraud Quiz: Are You Vulnerable?

Feature Story

Uncovering the Businesses "Behind the Curtain"

by Jim Arnold, President of APEX Analytix

Everyone knows the story of the Wizard of Oz. He was touted as all-powerful. He could grant the most outrageous wishes to anyone who asked him for the right thing on the right day. And the very allure of wishes fulfilled was enough to set Dorothy and her companions down the Yellow Brick Road.

Editorial Corner

Welcome to the Premier Issue of The Balance Sheet

The Balance Sheet is an interactive quarterly newsletter that presents the latest developments in audit recovery processes and technology. It is your guide to better management of your staff and getting more done in less time.

Each issue of The Balance Sheet directly addresses the concerns of A/P, shared services and audit recovery professionals. How do you motivate your detail-oriented staff while keeping an eye on your company's big picture? How do you prevent accounting errors and fraud? How can you balance your professional demands with your personal life? The newsletter will reveal new strategies to implement change in your processes, in your staff and in your own professional life.

Please let us know how successful we are at including articles that are relevant to you by taking a one-minute reader survey. You could win a 256 MB MP3 player.

If you would like to unsubscribe from this newsletter, please click on link at bottom of page.

Inside APEX Analytix

Enhanced Software and Services to Detect and Analyze Vendor Fraud

Freight Compliance Audit Services

Reader Survey

Complete our one-minute reader survey and you could win a 256 MB MP3 player.

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Events

Join APEX Analytix at this upcoming conference:

IQPC Shared Services Finance & Accounting
July 23-25
The Driskill Hotel
Austin, Texas

Publications

CFO

Internal Auditor

Accounting Technology

eWeek

Associations

IAPP - International Accounts Payable Professionals

FMI - Food Marketing Institute

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Top Gun Surveys

Find out where you rank compared to other companies.

Participate in APEX Analytix's complimentary benchmarking surveys.

◦ Accounts Payable Best Practices

◦ Retail Recovery Audit Best Practices

Details

Complimentary White Paper

Take a quick quiz on fraud

Answer these five Yes/No questions to see if there's a need to change some procedures.

We'll write an article recapping the results of the quiz and provide helpful strategies in articles in future issues.

If an A/P employee submitted an invoice for a fictitious vendor, do you have a control (other than requesting a W-9) that would prevent the vendor from being set up and the payment from going out the door?

Yes or No: answer here.

What's Your Best Advice?

This Issue's Dilemma:

How do I analyze procure-to-pay process for improvement?

After implementing an automated control last year, we identified between $600,000 and $1 million a month in over-payments. Needless to say, we're eager to implement other controls that will further improve our operating environment and potentially identify other areas of profit recovery.

The only thing is, I'm not sure how to proceed. What methods should I use to analyze procure-to-pay and AP processes?

-- Controller of AP, Global Shared Services Operation

Can You Help? Share your experience.
You could win a 256 MB MP3 player.

Your Personal Balance Sheet : Do more in less time

Make Procastination Work for You

Stop feeling overwhelmed and reprioritize your important tasks

by Sandra P. Martini - WorkZ

Eight Career Killers

How to handle uncomfortable and unethical work situations

by Meg Donohue - Career Builder

Create the Change : Effective processes for staff management

10 Principles of Change Management

Tools and techniques to help companies adapt to new demands

by John Jones, DeAnne Aguirre and Matthew Calderone - strategy+business

Why Your Employees Are Losing Motivation

Is management part of the solution or the underlying problem?

by David Sirota, Louis A. Mischkind and Michael Irwin Meltzer - HBS Working Knowledge

The Numbers Game : Accounting and people management

Beating Back Fraud

An offense of technology and process is your best defense

by Samuel Greengard - Business Finance Mag.com

Is Fraud Detection the New 404?

The PCAOB slams auditors for poor fraud detection

by David M. Katz - CFO

InternetVIZ works with us to create a high-impact and information-rich newsletter that is an invaluable tool in our readers' busy lives.
from Melanie Zachow, Marketing Communications Manager, APEX Analytix

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