How to detect frauds from "Invoices that don't have cents"?
Submitted by: MuhammadMany attempts at fraud are done using invoices with rounded values ($9,500.00 vs. $9,483.32). If a particular vendor requests payment for a larger number of rounded invoices this is worthy of further investigation.
While these checks are not exhaustive, they provide the basis for minimizing the risk that your company will accidentally make payments of $8 million!
Submitted by: Muhammad
While these checks are not exhaustive, they provide the basis for minimizing the risk that your company will accidentally make payments of $8 million!
Submitted by: Muhammad
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