CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

SOX Internal Controls for Accounts Receivable

  • CFE
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • QIAL
SOX Internal Controls for Accounts Receivable

2 Credits


Subject Area


Webinar Qualifies For

2 CPE credit of Accounting for all CPAs

2 CPE credit for Certified Management Accountants (CMA)

2 CPE credit for Certified Internal Auditors (CIA)

2 CPE credit for Internal Audit Practitioner (IAP)

2 CPE credit for Qualification in Internal Audit Leadership (QIAL)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

This Course is Also Available in Self Study (On-Demand)

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Course Description

For many companies, Accounts Receivable is the largest or second-largest assets on the balance sheet. This means that 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.

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.

Many of these executives are "pushing down" the signoff of reports that attest to the effectiveness of their companies’ internal controls, including foreign subsidiaries. Credit professionals need to understand their responsibilities under the Act before they sign off on the effectiveness of the financial controls in their department.

This CPE webinar looks at specific issues affecting Credit and Accounts Receivable, Including Credit Risk Management, the adequacy of provisions for Bad Debt, Collection Procedures, dependence on processes outside the credit, the department, and outside the company.

This online continuing education course 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 and reduce risk and protect company assets. There will be opportunities for online discussions and questions.

This online CPE webinar covers the following key topics:

  • How to establish financial controls for Credit and Accounts Receivable 
  • Establishing segregation of duties
  • Setting up cash application controls
  • Structuring bad debt reserves
  • Improving credit policy
  • Introducing collateral controls
  • Developing invoice accuracy
  • 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 establish, maintain, and improve Accounts Receivable controls that comply with Sarbanes-Oxley.
  • To identify the responsibilities and duties of Credit Professionals so that they can be confident that their Credit and Accounts Receivable processes are Sarbanes-Oxley compliant.
  • To recognize the Credit and Accounts Receivable processes that pose the greatest risk of material misstatement
  • To answer the 3 important questions required by Sarbanes-Oxley: 1)Is it accurate? 2)Are you sure? 3)Can you prove it?

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounts Director
  • Assistant Controllers
  • Auditors
  • Certified Management Accountant
  • CFO/Controller
  • Chief Accounting Officer
  • Compliance Managers
  • Compliance Officers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Finance Director
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA