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Live Webinar

90-minute live streaming program
  • September 22
  • 1:00 - 2:30 pm EST

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Procurement Card and Credit Card Risk in Organizations

September 22

Mitigate risk and assess the fraud potential of payment cards with a complete look at strategy, policy and procedures.

This topic will focus on how an organization that uses procurement or credit cards to acquire goods and services faces both internal and external risk. An overview of those risks and suggested remedies as well as actual fraud cases will be discussed with appropriate fraud controls and spend directive controls will be reviewed. You will be able to do a risk assessment based on your organization to determine vulnerabilities and threats.

Learning Objectives

- You will be able to identify procurement card risks in your organization.

- You will be able to describe risks associated with procurement and credit cards.

- You will be able to discuss control mitigation strategies for procurement card risks.

- You will be able to identify potential fraud schemes with credit cards.

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Why Lorman?

Over 29 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Risks of Credit Cards and Procurement Cards Overview
  • History of Credit Cards
  • It's About the Money
  • Insurance per User
How to Use the Information Age to Execute Fraud Schemes
  • Identity Theft
  • Internal Procurement Schemes
  • How to Be Deceptive in Purchasing Techniques
Using Data Analytics to Detect Fraud
  • Common Data Analytics Packages
  • Understanding the Merchant Category Codes
  • Overview of Level III Data
Fraud Schemes That Allow Stealing While Appearing Legal
  • Overview of Commonly Used Fraud Schemes That Can Be Executed Inside a Company
  • Data Analytics That Can Be Used to Detect Internal Fraud Schemes
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Why Lorman?

Over 29 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on September 22, 2016.

Call 1-866-352-9540 for further credit information.

Live Webinar Registration

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • ISM 1.5
     
  • Participants who successfully complete this program will receive 1.5 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     
  • CPE 1.5 including Specialized Knowledge and Applications 1.5
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www. learningmarket.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.5 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge and Applications for 1.5 hours. Prerequisite: basic knowledge of purchasing contracts. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group-Live and Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     
  • Lorman Business Center, Inc. has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. This program qualifies for 1.5 hours of continuing professional education.
     

Audio & Reference Manual

No credit available.

MP3 Download

No credit available.

Who should attend?

This live webinar is designed for purchasing managers, material managers, presidents, vice presidents, business owners and managers, CFOs, controllers, accountants, contract administrators, buyers, government officials, bookkeepers and attorneys.

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Why Lorman?

Over 29 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Phillip Hurd, CISA, CISSP

Georgia Institute of Technology

  • Well-known southeast regional speaker on internal control structures, ethics, leadership, fraud, and motivation; presents his message in a folksy, comedic, and inspiring manner
  • A recognized expert in fraud detection, he tells the stories of how he and his team uncovered several multimillion dollar fraud schemes, analyzed the controls, and assisted in the prosecution
  • He and his team have assisted the State of Georgia numerous times in removing the “bad apples” from the University System; he also discusses how the same control analysis and identification techniques can be applied to your organization
  • His dynamic presentation style has earned him recognition numerous times, such as when he received the 2007 Association of College and University Auditors (ACUA) Annual Award for Excellence; in 2004 his team was also awarded recognition by the State of Georgia as having a best practice for audit and fraud detection, and their internal control guide was listed as one of the 25 top best practices in the state
  • Chief audit executive, ethics officer and director of Internal Auditing at the Georgia Institute of Technology where he has worked in various roles for eleven years
  • As the director, he has led the efforts to strengthen procurement card internal controls, and has assisted in uncovering millions of dollars of fraud in the state
  • Often described as a renaissance executive, strategic leader, and results-driven entrepreneurial professional with a track record of success in examining operational efficiency within a $1 billion plus budget. With in-depth skills in many different areas, he supports a portfolio of talent that underscores operational effectiveness
  • Prior to joining the Georgia Institute of Technology, he served in the U.S. Army for ten years, taking him to Germany, Korea, Hawaii, and various other world locations; he was a communications facility chief for a strategic outpost on the Korean demilitarized zone (DMZ); this life shaping challenge helped him to understand the need for confidentially, integrity, and availability of information assets and their role in organizational operations
  • Has a well-documented and established portfolio of expertise in the areas of project management, configuration management and leadership, which has supported his quest to enhance the audit program at the Institute
  • Holds professional certifications as a Certified Information Systems Security Professional (CISSP), and a Certified Information Systems Auditor (CISA)
  • Master’s degree in information systems management, Western International University
  • Can be contacted at phillip.hurd@gmail.com or www.philliphurd.com
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Why Lorman?

Over 29 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 396861
Published 2016
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