False Invoicing

False Accounting Training Courses

Online Training Course

In this microlearning course you will explore how false invoicing can result in supplier fraud and earn customer rating stars for correctly identifying how it can be recognised and prevented.

Supplier fraud can occur during the invoicing stage of the procurement process. It could be in the form of a false or duplicate invoice, or an invoice that contains prices which exceed the agreed contract rates. For example, overcharging per unit or hidden costs such as administration or delivery charges.

This type of fraud isn't just committed for financial gain, it may be committed to conceal poor supplier performance or to qualify for a bonus.

The course highlights red flags to look out for that may signify fraudulent invoices including:

  • Discrepancies between the invoice price, the purchase order and inventory records
  • Receiving multiple invoices for similar amounts or dates, with similar descriptions or invoice numbers
  • Receiving invoices for like-for-like supplies that don't match
  • Invoices from a non-approved supplier
False Invoicing