Accounts Payable Professionals Group

The practical hub for Accounts Payable work, careers, and community

Process improvement, controls, automation, vendor management, and career development, written for people doing the work.

Popular topics: AP automation, fraud controls, close process, vendor management, career moves | Learn what APPG is about →
AP News Update
NACHA fraud monitoring rule begins March 20, 2026. The first phase starts for ODFIs and large Originators, TPSPs, and TPSs, putting more focus on risk-based ACH fraud monitoring. For AP teams, vendor bank change controls and payment review processes matter even more now. Read the full APPG update → | Official NACHA summary →
Start here
Join the LinkedIn Group Newsletter Signup Browse AP Jobs
No spam. Just practical AP content.
Who this is for: Accounts Payable specialists, managers, directors, and finance leaders.

Friday, April 8, 2016

Why Accounts Payable Recovery Auditing?


Here's what you get out of recovery audits:

1. Recover money that is due to the company.

You can use a recovery audit service to find duplicate payments, overpayments of sales & use tax, lost discounts and other payment errors.

Your company's internal Auditors may be able to find the low-hanging fruit, or easier to find duplicate payments. This may be the top 100 vendors or maybe a 10% sample of vendors.

Often a recovery auditing company can do an audit right after your internal auditors and still find money.

Audit firms can differ in technology and expertise, which is why it can be a good idea to use multiple audit recovery companies.

2. Correct any AP processes that may be causing this problem.

An AP recovery audit may discover a process that may be in need of changing or sometimes fraud may be uncovered.

What are the costs: Typically the fees are a percentage of the amount that gets recovered. So if the audit does not uncover anything there is no cost.

Click here now to get access to our spreadsheet containing contact information for several recovery audit companies: APPG Spreadsheet for AP Recovery Companies.

( if you work for a recovery audit company, feel free to add your information to our spreadsheet today).






Robert Ruhno
Social Media Director
Accounts Payable Professionals Group


No comments:

Post a Comment

More on this topic:

Anthropic Mythos Ai Cyber Risk Banks AP

Skip to article body Controls & Risk Anthropic Mythos and the New AI Cyber Risk Facing Banks and Accounts Payable ...