Accounts Payable: Find and Fix Overlooked Internal Control Issues
Date: Wed, Jun 27, 2012
Time: 02:00 P.M. ET
Duration: 1 hour
Well-run accounts payable (AP) operations are very cost effective. They don't get this way by cutting corners or taking shortcuts. Generally speaking, these organizations have implemented strong internal controls across the procure-to-pay chain. They do this by paying close attention to every last detail. We have designed this Webcast to help you achieve the very same results.
Join AP best practices expert Mary Schaeffer for this Webcast, during which she divides the procure-to-pay process into its three basic parts -- before the invoice enters the system; processing the invoice and making the payment; and after the invoice is paid. Mary will also address the individual controls needed for each stage of the process, which is important because most companies only focus on the middle part, missing a number of opportunities to strengthen controls and eliminate problems that make a dent in the bottom line. Mary will also show Webcast participants how to take advantage of creating controls that work across the entire AP spectrum.
After this Webcast you will be able to:
- Identify the best control practices for the entire procure-to-pay process;
- Evaluate your own processes to identify weak controls that need tightening;
- Fix the questionable controls so fraud and erroneous payments don't sneak through; and
- Introduce practices that are often overlooked yet strengthen controls.
This Webcast no longer offers the opportunity to earn continuing professional education (CPE) credit. We invite you to stay tuned to CFO.com for future Webcasts that will offer attendees opportunities to earn CPE credit.
For inquiries or complaints concerning this Webcast, please call (212) 488-4708.
About the Presenter
Mary Schaeffer is a leading author on accounts payable best practices and an expert on the changing responsibilities of accounts payable operations. She is editorial director of AP Now, a leading source of accounts payable information for the business and finance community, and author of the book Accounts Payable and Sarbanes-Oxley: Strengthening Your Internal Controls (John Wiley & Sons) and 15 other business books. Before turning to writing and consulting full time, she worked in the finance and treasury departments of several large companies, including The Equitable Life Assurance Society and Olympia & York.