According to The Associated Press, a former employee of Fulton County, Ga., recently pleaded guilty to embezzling more than $136,000 from the community. Nicole Hosier admitted to 96 counts of forgery as part of the 113-count indictment, the source reported. can be an excellent way for organizations to improve accounts payable processes, but only if the firms also engage in best practices for managing use. Insurance Journal pointed out that forgery is one of the more common methods of committing fraud in the business world, which includes signing checks without authorization and making out fake invoices.
To prevent such occurrences, any enterprise can boost its use of AP audits. The source underscored that it's important to conduct regularly scheduled audits in addition to spot checks, as this combination will show employees that the chances of hiding misuse are slim. This may deter misappropriation.