This webinar will equip attendees with an understanding of the components of Accounts Payable and the internal controls required within the acquisition process.
Why you should Attend
Increasingly, Regulators look for evidence that the company reviews its processes and controls to ensure that, for example:- Policies and procedures are being followed by operational staff
- Processes are not 'shelfware' (i.e., the policy exists but 'never comes off the shelf')
- A strong risk management function has not deteriorated into ineffectiveness
- There is clear ownership and accountability for compliance throughout the supply chain
Areas Covered in the Session
- Where Accounts Payable Come From
- General Controls over Acquisitions
- Processing checks Best Procedure
- Vendor Allowances
- Accounts Payable Fraud Red Flags
