SOX Compliance: Accounts Receivable Risks and Controls

Why Should You Attend:

Accounts receivable represent your company’s efforts to generate revenue by providing goods or services to customers who are then allowed to make payments at a later date. Not all customers are able or willing to pay cash when making orders. Allowing payments on credit opens the market to more customers and expands a company’s ability to generate revenue and thus improve and maintain a healthy cash flow. It is an accounting requirement that all invoices generated are properly accounted for in an AR account with the company’s general ledger.

Led by the foremost expert, you can gain insights on proper accounts receivable process, the associated risk and control. The webinar will also engage you with case studies and examples of the scenarios where you can gain advantage of in-depth learning and how to overcome associated problems.

At the end of this session, the speaker will handle your specific questions and address any challenges you have/had in your accounts receivable process.

Learning Objectives:

Being a part of the webinar, you will learn:

• The Components of the Accounts Receivable (AR) Process
• Key Risks within the AR Process
• Key Controls that Ensure AR SOX Compliance and Prevent Fraud
• Types of Accounts Receivable Fraud
• Common Accounts Receivable Fraud Committed by Employees
• Typical Accounts Receivable Fraud Schemes by Companies
• Identification of AR Control Deficiencies
• Significant Deficiencies
• Material Weaknesses
• Case Studies and Examples
• Questions and Discussion

Who Will Benefit:

• Financial Officers
• Controllers
• Procurement Professionals
• Shared Service Center Executives
• Risk Officers
• Internal Auditors

Instructor Profile:

Chris Doxey, has held Sr. Finance and Controller positions at Digital Equipment Corporation, Compaq Computer Corporation, Hewlett Packard, MCI, APEX Analytix, and BSI Healthcare. She has a bachelor's degree in English, a bachelor's in accounting, a master's in business administration, and a graduate certificate in project management.

Chris is a Certified Accounts Payable Professional (CAPP), holds a Certification in Controls Self Assessment (CSA), and is a Certified Internal Controls Auditor (CICA). She had recently joined the Advisory Board of the Institute of Internal Controls (TheIIC), she chairs the Chapter Advisory Board for the Institute of Financial Operations, and she is president of the Washington DC area chapter of the Institute of Financial Operations.
Chris is currently developing a certification program for controllers for the IOFM. She is also compiling a controller’s best practices report and toolkit. Chris has written numerous articles and published two handbooks: AP Leadership Skills and Implementing a Controls Self Assessment Program for Accounts Payable. Chris presents at several conferences and provides a multitude of webinars each year.

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