3-hr Virtual Seminar: SOX - Internal Controls for Accounts Receivable

Instructor: Mike Morley
Product ID: 702163
  • Duration: 3 hrs

Training CD

One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days

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This 3-hr presentation covers specific issues affecting Credit and Accounts Receivable, including Credit Risk Management, the adequacy of provisions for Bad Debt, Collection Procedures, dependence on processes outside the credit department, and outside the company. This seminar will help Credit Professionals understand their responsibilities and duties so that they can be confident that their Credit and Accounts Receivable processes are Sarbanes-Oxley compliant.

Why Should You Attend:

The Sarbanes-Oxley Act of 2002 makes company executives of publicly traded US companies 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 these reports to management. 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 3-hr virtual training session will help you understand the obligations of company and finance executives, credit professionals, and employees under the act; navigate the Section 404 maze using these commonsense guidelines; and, protect your company from fraud using the simple principles.

Learning Objectives:

This session will outline the step-by-step procedure for implementation and examine the many factors that companies need to carefully consider when implementing SOX controls for Accounts Receivable.

Areas Covered in the Seminar:

  • Understanding your obligations under the Sarbanes-Oxley Act.
  • Navigating the Section 404 maze using common-sense guidelines.
  • Protecting your company from fraud by using these simple principles.
  • Answering 3 important questions:
    • Is it accurate?
    • Are you sure?
    • Can you prove it?
  • Accounts Receivable specific issues and solutions.
  • How to establish financial controls for Credit and Accounts Receivable?
  • Which Credit and Accounts Receivable processes pose the greatest risk of material misstatement?
  • What aspects of Credit and Accounts Receivable are most susceptible to fraud?
  • Techniques for testing Credit and Accounts Receivable controls.
  • Documentation requirements specific to Credit and Accounts Receivable.

Who will Benefit:

  • CEO's
  • CFO's
  • Credit professionals
  • Department managers
  • Employees
  • Consultants
  • Suppliers
  • M&A personnel
  • Financial Managers
  • Financial Analysts
  • Stock analysts
  • Certified Public Accountants
  • Risk analysts

Instructor Profile:

Mike Morley, is a Certified Public Accountant and a recognized authority in the field of finance. His qualifications and experience are available at

An entertaining and informative speaker and trainer, Mike is the author of:

“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,” explains how to make well-informed financial decisions quickly.

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

“Credit for Canadians” which explains how the Canadian consumer credit industry works.

Topic Background:

Sarbanes-Oxley is a US law that came into effect July 30, 2002 to strengthen corporate governance and restore investor confidence. Sponsored by Maryland Senator Paul Sarbanes and Ohio Congressman Michael Oxley, the Act is intended to provide a strong deterrent to those individuals who might be tempted to manipulate corporate financial data for their own gain. The penalties imposed by the Act include substantial fines and significant prison terms.

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