SOX : Internal Controls for Accounts Receivable

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SOX Internal Controls for Accounts Receivable

• Mike Morley

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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.

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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

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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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