Think about all the money that flows out of a business. Payments go to vendors, suppliers, utilities, and rent. And every dollar that a company spends goes through Accounts Payable (AP). For this reason, AP is vulnerable to fraud from inside and outside of the business. What is accounts payable fraud? AP fraud involves a wide range of activities. Check tampering cons, billing schemes, and expense reimbursement scams are all examples of AP fraud. The Association of Certified Fraud Examiners (ACFE) provides the following definitions: Check tampering scheme A fraudulent disbursement scheme in which a person steals his or her
