Know Your Vendor: How the Public and Private Sector Identify and Manage the Risks

Featured Speakers :
WHEN : 12/01/2020 1:00 pm ET

Complimentary webinar, presented by ACFCS and Thomson Reuters

Are you certain you know the vendors with whom you conduct business? Are you identifying potentially fraudulent vendors before they are hired? Fraudsters are highly adept at presenting themselves as legitimate service providers, precisely because their con depends on it. The truth is, if you are not continually monitoring the backgrounds of your vendors, you may not be fully aware of your risks when conducting business with them.

Key questions your company should consider when evaluating your vendors:

  • Does my vendor appear on any governmental watch list?
  • How financially stable is my vendor?
  • What other risk indicators should I look out for?
  • What impact has COVID-19 had on vendor and supply chain risks?

Like many companies, the answers to these questions may be uncertain or vague at best. The lack of current and accurate information in any of these areas can result in significant issues of financial and reputational loss.

In this webinar, we will look at best practices in taking a risk-based approach to vendor management, and the importance of continual monitoring and evaluation. We’ll discuss:

  • The financial, reputational and even personal risks associated with fraudulent vendors.
  • How to spot and understand the risk indicators.
  • Best practices for knowing your vendor.
  • How technology can assist in identifying and managing risk.

This session is eligible for 1 CFCS credits.

Important note for ACFCS members: Please register using the same email address tied to your member account.

By registering for this webinar, you are sharing your registration details with ACFCS. View our privacy policy here.