Web Seminar Archive

Watch comments on Bill.com from Robert R. Harris, CPA/CFF, 2009-2010 Chairman of the Board, AICPA

Speakers:
Jason Blumer, CPA, CFE, Blumer & Associates
Jeff Schultz, VP, Bill.com

Host/Moderator:
Melissa Rothchild, VP, CPA2Biz

Internal Controls and Security in the A/P Process –
How to Minimize the Risk of Fraud and Liability Using Cloud Computing

Originally recorded: January 12, 2011

Presented by: Jason Blumer, CPA, CFE, Blumer & Associates
Jeff Schultz, VP, Bill.com

Host/Moderator: Melissa Rothchild, VP, CPA2Biz

It is estimated* that the typical organization loses 5% of its annual revenue to fraud every year. Small organizations are found to be disproportionately victimized by occupational fraud. Moreover, billing has been reported as the number one type of fraud. We’ve all heard stories about embezzlement and check fraud within companies. For CPA firms paying bills for their clients, this can be an especially critical issue.

During this 1-hour session, you will hear from Jason Blumer, a CPA and Certified Fraud Examiner (CFE), along with Jeff Schultz, VP, Bill.com and moderator Melissa Rothchild, VP, CPA2Biz, on best A/P practices you can apply in your firm to minimize the risk of fraud. Most importantly, you will learn how cloud-based solutions like Bill.com can provide air-tight fraud protection through:

• Customized User Roles to help Bill Approval Routing
• Complete audit trail on “who” did “what” “when” with complete end-to-end transaction view
• No need to store client check stocks
• Role-based security to control collaboration/workflow
• No need to give out Client Bank Information
• SAS 70 Type II Data Security
• And much more!
  
  

* 2010 Global Fraud Study by the Association of Fraud Examiners.