Fast and Easy Sarbanes-Oxley Internal Controls for Accounts Receivable
Overview:
This session will provide you with the tools you need to establish and maintain strong internal controls that reduce risk and protect company assets.
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. As well, 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.
Areas Covered in the Session:
- 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
Who Will Benefit:
- Credit Professionals required to co-certify
- Accountants
- Financial Managers
- Financial Controllers
- Company Executives
- Anyone involved in the SOX A/R compliance process