sox : internal controls for accounts receivable
DESCRIPTION
For many companies, Accounts Receivable is the largest or second largest asset on the balance sheet. Therefore, any weakness in the financial controls for A/R could have a serious impact on the company's financial statements. Since Accounts Receivable departments interact with almost every other department in the company, weak controls in A/R can lead to increased risk in other areas. - PowerPoint PPT PresentationTRANSCRIPT
SOX : Internal Controls for Accounts Receivable
Mike Morley
Description:
For many companies, Accounts Receivable is the largest or second largest asset on the balance sheet. Therefore, any weakness in the financial controls for A/R could have a serious impact on the company's financial statements.
Since Accounts Receivable departments interact with almost every other department in the company, weak controls in A/R can lead to increased risk in other areas.
Objectives of the Presentation:
•To discuss in detail about :•Segregation of duties•Cash application controls•Bad debt reserves•Credit policy•Collateral controls•Invoice accuracy•The approval process•The role of IT systems•Integrating SOX into daily routines
Why Should you Attend: This presentation will provide you with the tools you need to
establish and maintain strong internal controls in the A/R department that meet Sarbanes-Oxley standards.
Who can Benefit:•Credit Professionals required to co-certify•Accountants•Financial Managers•Financial Controllers•Company Executives•Anyone involved in the SOX A/R compliance process
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