This session will raise awareness of fraud issues in Accounts Payable and examine processes to mitigate the risk associated with Accounts Payable to comply with SOX. It will provide you with the tools you need to establish and maintain strong internal controls that meet Sarbanes-Oxley standards by reducing risk and protecting company assets.
Why should you Attend: Setting up controls for the purchasing process and analyzing the risk to the financial statements can be a daunting task. Since a large company has to purchase many different items every day, there is a real potential for fraud.
Areas Covered in the Session:
Safeguarding inventory purchasing
Examining supplier payments
Reviewing risks associated with payroll and taxes
Know best practices and types of approvals
Reviewing repetitive processes
Understanding the dangers inherent in inter-company payments
Assess currency issues
Building and using audit trails
Who Will Benefit:
Financial Managers and Controllers
CFO’s and other Company Executives
Accounting and Reporting Managers
Auditors and staff
Business and Operations Managers
Anyone involved in the SOX compliance process
Mike Morley A Certified Public Accountant, business author Mike Morley is an entertaining and informative speaker and a recognized authority in the field of finance.
Mike offers various training programs, such as IFRS, SOX, and Financial Statement Analysis that focus on providing continuing education opportunities for finance and accounting professionals.
Many Fortune 500 companies take advantage of his training programs to bring their staff up to speed so that everyone understands what their responsibilities are.
Mike is the author of several books, including:
“IFRS Simplified”, which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.
“Sarbanes-Oxley Simplified,” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.