Return-Path: Received: from vps.transocean.com by vps.transocean.com with LMTP id eFT4NR6QzFomfgAAInt2oQ ; Tue, 10 Apr 2018 03:21:18 -0700 Return-path: Envelope-to: kathleen@transocean.com Delivery-date: Tue, 10 Apr 2018 03:21:18 -0700 Received: from ccm166.constantcontact.com ([208.75.123.166]:60911) by vps.transocean.com with esmtps (TLSv1.2:ECDHE-RSA-AES256-GCM-SHA384:256) (Exim 4.89_1) (envelope-from ) id 1f5qOX-00008n-6i for kathleen@transocean.com; Tue, 10 Apr 2018 03:21:18 -0700 Received: from [10.252.0.105] ([10.252.0.105:53398] helo=p2-jbemailsyndicator20.ctct.net) by 10.249.243.10 (envelope-from ) (ecelerity 4.2.1.52273 r(Core:4.2.1.11)) with ESMTP id 51/18-25781-0EF8CCA5; Tue, 10 Apr 2018 06:20:16 -0400 DKIM-Signature: v=1; q=dns/txt; a=rsa-sha256; c=relaxed/relaxed; s=111405; d=ap-now.ccsend.com; h=date:mime-version:subject:X-Feedback-ID:message-id:from:reply-to:list-unsubscribe:list-unsubscribe-post:to; bh=qRbMdkmpnDZEkLyjZzaqokq9g/dwB8ppsYLNFNljfl0=; b=oJ4oCrH+NTWSSSyOZzoDM5BS8JdzDx1lfAH5IHujM0WebDaqj8fGy7NZ2BqIR9+zDS/jwWLHzfIPxZhEbhK6s3yURRDflPQ6adYY4ssMAWPplqz3/ec6j47pF971QPTN/F0Hs0Be10rJK8L7w4Ccm00BO17l4rkkoDnSXRapdqQ= DKIM-Signature: v=1; q=dns/txt; a=rsa-sha256; c=relaxed/relaxed; s=1000073432; d=auth.ccsend.com; h=date:mime-version:subject:X-Feedback-ID:message-id:from:reply-to:list-unsubscribe:list-unsubscribe-post:to; bh=qRbMdkmpnDZEkLyjZzaqokq9g/dwB8ppsYLNFNljfl0=; b=WFVXjzHplXClJD04sltvhFpNCTJHWsJHH1l4DsK7le6HWTVD907cHpmPgczaTvIfMM7D396tr5mhFME93fclXxOGGTNO1Xm1OuEjaYuuZiozSKNjNo1/+LxIarEvazbWUiw0nZOGfjpCcuwqz4Su44rVxR6x1mjN/6KxWHWWgtU= Message-ID: <1130378413145.1101245055428.1701981338.0.480619JL.2002@scheduler.constantcontact.com> Date: Tue, 10 Apr 2018 06:20:16 -0400 (EDT) From: Mary Schaeffer Reply-To: editorial_director@ap-now.com Sender: Mary Schaeffer To: kathleen@transocean.com Subject: Weak AP Internal Controls Permit in $12 million Swindle MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_Part_281098689_783033543.1523355616092" List-Unsubscribe: List-Unsubscribe-Post: List-Unsubscribe=One-Click X-Campaign-Activity-ID: e74a1b8f-43f9-4c37-af79-ed3f61d410dd X-Channel-ID: 7acc5340-800d-11e6-a964-d4ae5275b546 X-Mailer: Roving Constant Contact 2012 (http://www.constantcontact.com) X-Return-Path-Hint: A50obj0P5TDevee0/YdQQ3Q==_1101245055428_esxTQIANEeapZNSuUnW1Rg==@in.constantcontact.com X-Roving-Campaignid: 1130378413145 X-Roving-Id: 1101245055428.1701981338 X-Feedback-ID: 7acc5340-800d-11e6-a964-d4ae5275b546:e74a1b8f-43f9-4c37-af79-ed3f61d410dd:1101245055428:CTCT X-CTCT-ID: 79e54ea0-800d-11e6-a8f5-d4ae5275b546 X-Spam-Status: No, score=-1.6 X-Spam-Score: -15 X-Spam-Bar: - X-Ham-Report: Spam detection software, running on the system "vps.transocean.com", has NOT identified this incoming email as spam. The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: Having trouble viewing this email? Click here http://campaign.r20.constantcontact.com/render?m=1101245055428&ca=e74a1b8f-43f9-4c37-af79-ed3f61d410dd How Good Are Your Controls in AP? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ [...] Content analysis details: (-1.6 points, 3.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 0.0 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#dnsbl-block for more information. [URIs: ccsend.com] 0.2 HEADER_FROM_DIFFERENT_DOMAINS From and EnvelopeFrom 2nd level mail domains are different 0.0 T_SPF_TEMPERROR SPF: test of record failed (temperror) 0.0 URI_TRY_3LD URI: "Try it" URI, suspicious hostname -1.9 BAYES_00 BODY: Bayes spam probability is 0 to 1% [score: 0.0000] 0.0 T_KAM_HTML_FONT_INVALID BODY: Test for Invalidly Named or Formatted Colors in HTML 0.0 HTML_MESSAGE BODY: HTML included in message -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid 0.0 LOTS_OF_MONEY Huge... sums of money X-Spam-Flag: NO ------=_Part_281098689_783033543.1523355616092 Content-Type: text/plain; charset=utf-8 Content-Transfer-Encoding: 7bit Having trouble viewing this email? Click here http://campaign.r20.constantcontact.com/render?m=1101245055428&ca=e74a1b8f-43f9-4c37-af79-ed3f61d410dd How Good Are Your Controls in AP? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Dear Kathleen What Happened: MacEwan University was defrauded of almost $12 million by fraudsters, the province announced. The university revealed that $11.8 million was transferred into a bogus bank account located in Montreal, and later transferred to a Hong Kong bank, instead of being deposited into the account of one of its largest vendors. How They Did It: An internal investigation found staff in the accounts payable department had been tricked via email into changing the company's banking details by fraudsters. The cyber criminals then created a domain that resembled that of one of its largest vendors and using that domain, successfully impersonated the company. Three MacEwan staffers were tricked into making three payments to the bogus account over a nine-day period with the university paying out just under $12 million. The university is working with lawyers to try and recover the money. How the Fraud Was Uncovered: Vendor called looking for payments. Analysis: The fraud was traced back to weak internal controls. It could have been prevented. Bank account changes are unusual, should raise red flags and require a senior-level manager's OK. Additionally, given the preponderance of times this fraud has occurred, verification of a change of bank account should be required for all such changes. Resources: On May 17th, we will run our one-hour An Internal Controls Master Plan for Accounts Payable. Using a building block approach, we'll identify the foundation points for a strong internal control operation in accounts payable. You can get additional information or register for the webinar here [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NVXShz8xsoz8R0vXrdo1DxQQHwIBWmBNQDA2kuuVMGWz-3Gt58RTjlu5vVrOWCyolXIV7hkdaxgZJ8RiV-70ZKr5GMdf2pbieayL_6cTmMYwrZyIZTVQlhA6ZEo2EC-UiwFXBqL_SQiwvEgxCzZCUbQ=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==]. This session is included in our webinar [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_Ne5liAeOg2fyxZt9A4wZXAiJ-ROhcW39AiUoAdK3wLDTciGv1s3WjNdJLZxi8_qZihYDhLfA0dDbHzGb-aHBbtsl1RsxH_9uLPtkBBvFEWQ1DRTtCeMVCBO1ah5fM_zzqh2HRM1sXbGr9FwfDD1u5Lo=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==] and platinum [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NXaHeezfoV9WkKbNK8sfpIoxwNTDdJOWZ1DcyJpUrTGc27kuBmTLzn5u5XGZgG82Fp1O0i3jC8jKWFyEuhNh4DnSGD5Wh8d1WXp0orD8-2vRRqaEANA172t_ngLaO1rQpgu0pvDCJ0M9U9iWpyLl8m4=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==] memberships. This information will also be covered in the August 15th three-hour Internal Controls in Accounts Payable e-Workshop. Information can be found here [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NRdpxEUN1fhUmiLPOZCeeJS7S6aGC3xljNa4xcyBbogWgeucWsOTEHK0877UMF6wSnHO6g052ffmozkg12B-qinQbSgSWRheOFpzsthRFfyDmoKWem7lzLmjTAPvfXjZkzRnO0bKFU-BrsrholgUuh8=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==]. Upcoming AP Now Webinars ( webinar [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_Ne5liAeOg2fyxZt9A4wZXAiJ-ROhcW39AiUoAdK3wLDTciGv1s3WjNdJLZxi8_qZihYDhLfA0dDbHzGb-aHBbtsl1RsxH_9uLPtkBBvFEWQ1DRTtCeMVCBO1ah5fM_zzqh2HRM1sXbGr9FwfDD1u5Lo=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==] and platinum [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NTRxFvaksNssifISo0dT3mdBeuOh3tsxLUPDgKgFUlKxJ8MumkEOdVhK-xQ-cfxqUMFAf368SBuf-yy0WRi40ls-cfTzDfgBNa0Bd2eCEpKdQuoLKA-5SsvfsX0GjyB0NbWGWl2Hqj6v&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==]memberships.) * Travel & Entertainment Best Practices [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NZJI7AZKnQS2BzBCeWpfy4EM3vkFSFB3RTo-IqGtz615Ku8TmE4GCqnyAUTdRSMnYdT5bwSOM8H_HLhjD4-d2r_2gteFE65y3b_CRtn8W9sdK2q9yIJiLveDCk5IJbjgl24IN-g9dvDkS2CHvqmifaw=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==] to Ensure IRS Compliance April 12 * Electronic Payment Fraud Prevention Best Practices [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NUq7e2CTSrjU1g0FJBXmldi8cZdjHGRpWoOZN6I5eZE2J26b47QzU_pYFhpn4MiLtXUQ5DTgC_6ulApu76DUPNkhJS9D7Vq-XQm2zu-FrrX7WV_pTqCjd01B4xZ4AmHvjhnfArsrhONowSHXOiLTFRY=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==] April 19 * Qt. Developing Issues webinar on Current Practices May 8 * An Internal Controls Master Plan for Accounts Payable [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NVXShz8xsoz8R0vXrdo1DxQQHwIBWmBNQDA2kuuVMGWz-3Gt58RTjlu5vVrOWCyolXIV7hkdaxgZJ8RiV-70ZKr5GMdf2pbieayL_6cTmMYwrZyIZTVQlhA6ZEo2EC-UiwFXBqL_SQiwvEgxCzZCUbQ=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==] May 17 * Travel & Entertainment Shenanigans: Games Employees Play and How to Stop Them [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NRyR0JhtVam355a3-2Kmc7Y5BJOSbsL7zBANCsxXA4vmMcNashblQvXKpN6jhxO5PbZb22frebGzrQmRtBYdFUc9TiUXVG6LOyUmdQXTqxiJgotgsPNDEC-Jr8d7LnXiMnYVZJmM8vL6ldEm6nZjlqE=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==] on June 7 * Detecting and Preventing Vendor Fraud [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NRdpxEUN1fhU1yabyt4dGKk5h2MHETyDMOubWSI0VcyAkNZ6dNag79GlXQO21ECNZ0a-RYwktPKscOF1kPzZW3lku5BGI4KjxkNuKtzKiHkOigduhoh_zNkgfbsRJUnEGZTsBdhBvKGnxzOOxCDTH0w=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==] on June 21 See the rest of the upcoming schedule for 2018 here [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NUxAf6A4JjK6eWC9o8qY2e6USlkyxqFBYMSREZlNolZcOtTA48NqB4VI8608O_Ok4fsOT5KQw0J7pnj8tozKdfTheNAYysMUgC9n2xlFCx_fVpCyWg8eFLqjSs4NOgihdEKo09DwSUujl73-CUDroXDxKMuE_s0mlI5ejFXipSVeugHi6TvwY8I=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==]. Other Programs * * [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NUXgoEkcIfhx3KAWFzJaSqeBwQSqr-WeoSylK1-mNXve45tUuwViMW0Ma6Bt-Le-rhd7WW_EGY0QFLVwCODP4ontBB0OAYrIHILDcqPSE8yJ7Xqi9OYjknGKHITVfuNm9Sm2yZscRlNcf4fcybP_hkk=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==] June 13 [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NUXgoEkcIfhx3KAWFzJaSqeBwQSqr-WeoSylK1-mNXve45tUuwViMW0Ma6Bt-Le-rhd7WW_EGY0QFLVwCODP4ontBB0OAYrIHILDcqPSE8yJ7Xqi9OYjknGKHITVfuNm9Sm2yZscRlNcf4fcybP_hkk=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==]th [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NUXgoEkcIfhx3KAWFzJaSqeBwQSqr-WeoSylK1-mNXve45tUuwViMW0Ma6Bt-Le-rhd7WW_EGY0QFLVwCODP4ontBB0OAYrIHILDcqPSE8yJ7Xqi9OYjknGKHITVfuNm9Sm2yZscRlNcf4fcybP_hkk=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==] P-Card Program Expansion e-Workshop: Information/registration [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NUXgoEkcIfhx3KAWFzJaSqeBwQSqr-WeoSylK1-mNXve45tUuwViMW0Ma6Bt-Le-rhd7WW_EGY0QFLVwCODP4ontBB0OAYrIHILDcqPSE8yJ7Xqi9OYjknGKHITVfuNm9Sm2yZscRlNcf4fcybP_hkk=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==] here [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NRdpxEUN1fhU4tHHnF1j5Kqj26rj_gjpohRQTDzQx05kW8TVy8QCn7St8uZQrQp8ESwviSccbzYT1FXb2xbobuGOIHoMYJOv1shqFle5bBtl6lBWa2lhPZ28UhfFVw-Viz_UXr84CqlrCG-RQ2KmMwE=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==]. * July 18th Best Practice Vendor Processes and Relations in AP e-Workshop. Information/registration here [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NRdpxEUN1fhUkUr9KlVG8p8Vmn0c7QfUAejsszMjCC4lkiQohMtp7pRZPOj_C45fIsbt8WfNDpsOgbKYfNrxfz3rIULj-3Gz5YR14FNf9AEJfB154q2FsZzSju_XCk2ZrwnmZfSliDQrcQJskIHeVWk=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==]. * August 15th Internal Controls in Accounts Payable e-Workshop. Information/registration here [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NRdpxEUN1fhUmiLPOZCeeJS7S6aGC3xljNa4xcyBbogWgeucWsOTEHK0877UMF6wSnHO6g052ffmozkg12B-qinQbSgSWRheOFpzsthRFfyDmoKWem7lzLmjTAPvfXjZkzRnO0bKFU-BrsrholgUuh8=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==]. * [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NRdpxEUN1fhUmiLPOZCeeJS7S6aGC3xljNa4xcyBbogWgeucWsOTEHK0877UMF6wSnHO6g052ffmozkg12B-qinQbSgSWRheOFpzsthRFfyDmoKWem7lzLmjTAPvfXjZkzRnO0bKFU-BrsrholgUuh8=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==]Purchase all three Summer 2018 e-workshops (and save $100) [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NRdpxEUN1fhUmiLPOZCeeJS7S6aGC3xljNa4xcyBbogWgeucWsOTEHK0877UMF6wSnHO6g052ffmozkg12B-qinQbSgSWRheOFpzsthRFfyDmoKWem7lzLmjTAPvfXjZkzRnO0bKFU-BrsrholgUuh8=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==]here [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NRdpxEUN1fhU5ETWkw824SW4ym9-1QBzGaev5G_Q_3SI08YQzSeF0HvmGPQMmUX4YaIewp7haJ4dybIqQyFpjU_1ylAlkDyhICjH4RvYdGjQWuzETMJOtvx0TCd-cJScrqLV_OEiKV3kczgDA4HfDqo=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==]. * Accounts Payable Best Practice Certificate Program - a self-study with no ongoing CPE requirements. You can get the details about it here [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NUXgoEkcIfhx3KAWFzJaSqeBwQSqr-WeoSylK1-mNXve45tUuwViMW0Ma6Bt-Le-rhd7WW_EGY0QFLVwCODP4ontBB0OAYrIHILDcqPSE8yJ7Xqi9OYjknGKHITVfuNm9Sm2yZscRlNcf4fcybP_hkk=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==]. Enroll your entire department; group rates available. Contact publisher@ap-now.com for details. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Regards, Mary Schaeffer AP Now Keeping up Just Got Easier: AP Now Membership Options * Newsletter [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NSNu00FxbE8Ngc0nXhb902V9hT_Z_rdWdNZgJLPBVMXkT3ZB757LN9Zt0P1fvcFOEKhM0q_WxhMpZoz-UKmsrSwelgiNOZWsX8sSm9wVwxjs8Jt3gJpBBOtYcXrReYhNU-FsVxplIc20LZuTH3xcGUc_7myWyH2c9yARLorJtzasSi6SMJIduByYWWWToD0i3A==&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==] - Monthly 4-page quick read publication focused on emerging issues impacting the accounts payable and payment function. Subscription now also includes the March AP Best Practices webinar and the fall AP Recognition Week webinar. * Basic [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_Nde9wmqQ7XAl2TFQBmz_l_J1-A2tnIMGX7hXGOA5hJzTBY-6ZPm9rGeddxsb63qeHzS59u114IjlU7YeSphh56kBjcxB-aD-2j-gH912u-fwZNlTqlDbsxkipBycn2_ZhJ-Zk9_NAEjdF_tQq9BzgyY=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==] - includes Newsletter as described above + 4 Developing Issues webinars * Porta [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NTRxFvaksNssifISo0dT3mdBeuOh3tsxLUPDgKgFUlKxJ8MumkEOdVhK-xQ-cfxqUMFAf368SBuf-yy0WRi40ls-cfTzDfgBNa0Bd2eCEpKdQuoLKA-5SsvfsX0GjyB0NbWGWl2Hqj6v&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==]l - Newsletter (as described above)+ access to database filled with articles, tips and diagnostic checklists * Annual Webinar Pass [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_Ne5liAeOg2fyxZt9A4wZXAiJ-ROhcW39AiUoAdK3wLDTciGv1s3WjNdJLZxi8_qZihYDhLfA0dDbHzGb-aHBbtsl1RsxH_9uLPtkBBvFEWQ1DRTtCeMVCBO1ah5fM_zzqh2HRM1sXbGr9FwfDD1u5Lo=&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==]- All AP Now's one-hour webinars (2 per month except January when there's only one) * Anytime Viewing Pass [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NSDwNiH5kFEbL8nzYMnaU9XNAtLno9TbhRZxY7Vb9e__ay1jRQbM5fITyfQHqudQGCxVJOwXvrNJZ4vQJ4KoR-p4qj9oCXXTEUoxhyQGS1cmQ58SRehT6KeJWfnolZYJp1XF4ztHG6eP&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==] 25 one-hour webcasts available for viewing at your convenience * Platinum [http://r20.rs6.net/tn.jsp?f=0014jlNEmsERRUPx9ZeOv-GzaTK0SUs9m6Sr2i7plh8iWIjIxUr-xz_NTRxFvaksNssifISo0dT3mdBeuOh3tsxLUPDgKgFUlKxJ8MumkEOdVhK-xQ-cfxqUMFAf368SBuf-yy0WRi40ls-cfTzDfgBNa0Bd2eCEpKdQuoLKA-5SsvfsX0GjyB0NbWGWl2Hqj6v&c=_5TTtKHp_mkGptvdfmCcu5tLQvT-5nmGDbZvQpicIb1mlsUeyN03Pw==&ch=5503XYCKsv4S_whNzpSq74JfscjA9ZwuX5DkLNGrCnyjNbZoJLB8Mw==]- Newsletter + portal + Webinar Pass and more Plus Anytime Viewing Pass P.S. Please feel free to forward this to any colleagues or friends who work in or are responsible for the accounts payable function. We appreciate your doing so. [http://ui.constantcontact.com/sa/fwtf.jsp?m=1101245055428&a=1130378413145&ea=kathleen%40transocean.com] P.P.S. If you need to contact us, please do not reply to this. Please write us instead atpublisher@ap-now.com [mailto:publisher@ap-now.com] Gray [http://ui.constantcontact.com/sa/fwtf.jsp?m=1101245055428&a=1130378413145&ea=kathleen%40transocean.com] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ This email was sent to kathleen@transocean.com by editorial_director@ap-now.com. Update Profile/Email Address https://visitor.constantcontact.com/do?p=oo&m=001A457wo4ghmmqzGZb5S3XYg%3D%3D&ch=7acc5340-800d-11e6-a964-d4ae5275b546&ca=e74a1b8f-43f9-4c37-af79-ed3f61d410dd Instant removal with SafeUnsubscribe(TM) https://visitor.constantcontact.com/do?p=un&m=001A457wo4ghmmqzGZb5S3XYg%3D%3D&ch=7acc5340-800d-11e6-a964-d4ae5275b546&ca=e74a1b8f-43f9-4c37-af79-ed3f61d410dd Privacy Policy: http://www.constantcontact.com/legal/service-provider?cc=about-service-provider Online Marketing by Constant Contact(R) www.constantcontact.com CRYSTALLUS, Inc. | 560 Peoples Plaza #197 | Newark | DE | 19702 ------=_Part_281098689_783033543.1523355616092 Content-Type: text/html; charset=utf-8 Content-Transfer-Encoding: quoted-printable
Could this happen in your AP department?
3D""
3D""= =
Having trouble viewing this email? Click here
3D""
<= a href=3D"http://s.rs6.net/t?e=3DfSNGOH0Ac5s&c=3D4&r=3D1" title=3D"Share wi= th LinkedIn">
=3D""
=09
=20
=20
=20 =20

How Good Are Your Controls in AP?
      
  =

=20
Dear Kathleen
 
Wh= at Happened: MacEwan University was defrauded of almost $12 million by fraud= sters, the province announced. The university revealed that $11.8 million w= as transferred into a bogus bank account located in Montreal, and later tra= nsferred to a Hong Kong bank, instead of being deposited into the account o= f one of its largest vendors.

How They Did It= : An internal investigation found = staff in the accounts payable department had been tricked via email into ch= anging the company's banking details by fraudsters.

The cyber criminals then created a d= omain that resembled that of one of its largest vendors and using that doma= in, successfully impersonated the company.

Three MacEwan staffers were tricked = into making three payments to the bogus account over a nine-day period with= the university paying out just under $12 million. The university is workin= g with lawyers to try and recover the money.
How the Fraud Was U= ncovered: Vendor called lookin= g for payments.

Analysis= : The fraud was traced back to weak inter= nal controls. It could have been prevented. Bank account changes are unusua= l, should raise red flags and require a senior-level manager's OK. Addition= ally, given the preponderance of times this fraud has occurred, verificatio= n of a change of bank account should be required for all such change= s.
Resources: On May 17th, we will run our one-hour = An Internal Controls Master Plan for Accounts Payable. Using a building blo= ck approach, we'll identify the foundation points for a strong internal con= trol operation in accounts payable. You can get addi= tional information or register for the webinar here. This session is includ= ed in our webinar and platinum memberships.

This information will also be covere= d in the August 15th three-hour Internal Controls in Accounts Pa= yable e-Workshop. Information can be found here.
See the rest of = the upcoming schedule for 2018 here.
 
Other Programs  
    * Accounts Payable Best Practice Certificate = Program - a self-study with no ongoing CPE requirements. You can get the details abou= t it here. Enroll your entire department; group rates available. Contact publisher@ap-now.com for details= .
=20 =20
Regards,
Mary Schaeffer
AP No= w
= Keeping up Just Got Easier:
= AP Now Membership Options
  • Newsletter <= /strong>- Monthly 4-page quick read publication focused on emerging= issues impacting the accounts payable and payment function. Subscription n= ow also includes the March AP Best Practices webinar and the fall AP Recogn= ition Week webinar.
  • Basi= c - includes Newsle= tter as described above + 4 Developing Issues webinars
  • Portal - Newsletter (as = described above)+ access to database filled with articles, tips and diagnos= tic checklists  
  • Annual Webinar Pass - All AP Now's one-hour webinars (2 per month exce= pt January when there's only one)
  • <= strong>Anytime Viewing Pass  25  one-hour webcasts available for viewing at your conveni= ence
  • Platinum - Newsletter + portal + Webina= r Pass and more Plus Anytime Viewing Pass
 

= P.P.S. If you need to contact us, please do not reply to this.  Please= write us instead at publisher@ap-now.com=  
 
 
3D"Gray"
=
=20 =20
3D"Accounts
=20
<= img height=3D"96" border=3D"0" width=3D"600" optionname=3D"THANKSGIVING2FTR= " src=3D"https://imgssl.constantcontact.com/letters/images/1101093164665/th= anksgiving2_ftr2.jpg"/>
=20
CRYSTALLUS, Inc., 560 Peoples Plaza #197, N= ewark, DE 19702
<= /td>
SafeUnsubscribe™ kathleen= @transocean.com
Update Profile | About our service provider
Sent by editori= al_director@ap-now.com in collaboration with
<= /tr>
3D"Constant
------=_Part_281098689_783033543.1523355616092--