For many companies, Accounts Receivable is the largest or second-largest
asset 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 are 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, and dependence on processes outside the credit, the department, and 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 Auditing CPE webinar covers the following key topics:
Founder, Mike Morley
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.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
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.
CT
Great presentation. Presenter did a great job disseminating the information
AD
Good overview of how AR and SOX go together.
TKC
nice questions as recap
J(M
Excellent.
SP
Good content with helpful examples to further understanding. Presentation could be improved with better visuals not just text. Including a video of the speaker would add value to class.
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