Information for ordering two free guides to detecting accounts-payable fraud, from KPMG Peat Marwick.
It pays to be alert for possible signs of breakdown or fraud in accounts payable. Accounting firm KPMG Peat Marwick looks for red flags such as --
significant and complex intergroup transactions
unusual bank arrangements
inconsistent and surprising cash-flow deficiencies
an understaffed, disorganized accounting department
a high volume of complaints from customers or suppliers
For more tips and information, order the free booklets The Fraud Awareness Guide and 1993 Fraud Survey Results from KPMG Peat Marwick by calling 212-872-5850.
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