Accounts Payable Frauds in Small Business

Fraud is not an easy task to commit. Money can not leave the company without stringent checks. Purchasing is the most crucial area to look for frauds. Purchasing fraud in its many forms leads as a source of losses, since paying vendors is one of the primary ways money leaves a company. Kickbacks, fake bills, fake vendors and conflicts of interest involving companies' employees or officers and vendors are some of the most common purchasing frauds.

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