What Your P-card Fraud Audit Program Should Include
March 2005
Main article
P-cards can be a dream come true for accounts payable managers when it comes to handling the numerous small-dollar invoices that litter many accounts payable departments. But that fantasy can quickly turn to a nightmare when fraud occurs. Ideally, controls will be so tight that this does not happen. But should a fraud slip through these ever-stringent controls, accounts payable professionals need to put themselves in a position to catch it quickly. How? The best way to uncover fraud before it becomes widespread is to establish a good auditing program. Speaking at a recent IOMA audio conference, UPS Capital’s Tom Wissel identified the components of such a program.
2009
