Journal Entry Fraud A Comprehensive Introduction
Channel: AP Now
Date: 2024-03-05

Financial statement fraud and management overrides continue to plague the accounting, accounts payable and finance world. They are facilitated by manual processes like journal entries which continue to leave businesses exposed to significant losses due to fraud. Could this happen in your shop? Not if you understand the basics of how general journal entries should be used AND recognize the red flags for potentially fraudulent journal entry.  We explain both here. Make sure you stick around until the end when we identify 10 red flags that could signal you have an ongoing fraud at your organization. #accounting #journalentries #accountspayable 

This talk might also have been called Financial Statement Fraud: Role of Journal Entries or Journal Entries: A Comprehensive Introduction + Finding Fraud.

Link FRAUD Alert 13 Warning Signs
https://youtu.be/zPiYdAYaEhA
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00:00 Identifying Fraudulent Journal Entries
01:03 What is a management override?
02:05 What is a journal entry?
02:41 What are journal entries used for?
03:11 How to make a journal entry
05:03 Journal entry red flags