Setting up controls for the purchasing and payment processes and analyzing
the risk to the financial statements can be a daunting task. Since most
companies have to purchase many different items every day, there is a real
potential for fraud.
The Sarbanes-Oxley Act of 2002 makes company executives of publicly traded
US companies personally and criminally responsible for the accuracy and
reliability of the financial disclosures of their companies. They are required
to sign reports that attest to the effectiveness of
their companies’ internal controls, including foreign subsidiaries.
This webinar looks at specific issues affecting Accounts Payable, including
Payables Risk Management, the adequacy of payment oversight, dependence on
processes outside the Payables department, and outside the company.
This webinar will provide you with the tools you need to establish and
maintain strong internal controls in the A/P department that meet Sarbanes-Oxley
standards and reduce risk and protect company assets. There will be
opportunities for online discussion and questions.
Major Topics Covered:
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
Verifying accruals
Assess currency issues
Building and using audit trails
Review the approval process
Examining the role of IT systems
Integrating SOX into daily routines
Techniques for testing Credit and Accounts Receivable controls
Documentation requirements specific to Credit and Accounts Receivable
Learning Objectives
To recognize setting up efficient controls for the purchasing process and analyzing the risk to the financial statements
To explore the tools you need to establish and maintain strong internal controls that meet Sarbanes-Oxley standards by reducing risk and protecting company assets
To raise awareness of fraud issues in Accounts Payable and examining processes to mitigate the risk associated with Accounts Payable to comply with SOX.
To answer the 3 important questions required by Sarbanes-Oxley: 1) Is it accurate? 2) Are you sure? 3) Can you prove it?
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Mike Morley is a Certified Public Accountant and a
recognized authority in the field of finance with more than 25 years experience
in finance, including SOX and IFRS implementation.
An entertaining and informative speaker and trainer, Mike is
the author of:
“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.
FAQ
To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.
Refund/Cancellation Policy
For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).
