Seminar Info >>
 
Goodman & Associates is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: http://www.nasba.org/
   

Seminars

CPE Credits 7 - CEUs (IOMA/TAPN) 6

Combating Accounts Payable Fraud in a SOX Environment #84
Examine case studies that identify risks & apply control's best practices employing a SOX fraud control worksheet


Summary

Workshop participants will actively discuss fraud/malfeasance case studies affecting disbursement and procurement. The seminar scope not only includes Sarbanes-Oxley considerations but also internal controls for non-effected companies/processes. Nat Goodman will lead the session accentuating risks, prevention, detection, responsibilities and documentation. 

Prerequisite: None
Preparation: None
Course Level: Intermediate/Basic
Instructional Method: Group-Live Offering/Case Study Analysis

Presenter

Nat Goodman, MBA, CPA, APM

is an operations and finance expert with significant accomplishments on five continents as a corporate officer and a consultant to a number of Fortune 500 clients.  He served as comptroller Sears Roebuck de Mexico and corporate controller of Hartmarx Specialty Stores.Additionally, he develops and presents several seminars worldwide. The topics include business transformation & re-engineering, process improvement, best practices, accounts payable systems, and performance measurements. He is an AP certification holder and a writer of comprehensive AP manuals and is the co-author of IOMA’s Complete Guide to Accounts Payable Best Practices and soon to be published Fraud Manual.

 

Organizational Benefits

  • Identify the control risks inherent in payables and procurement
  • Facilitate your detection of imprudent practices
  • Evaluate cost of controls versus benefits
  • Institute best practices process steps to prevent fraud and malfeasance
  • Define policing responsibilities among revenue/expense center, internal audit, AP and the other procurement activities
  • Document your controls consistent with Sarbanes-Oxley regulations


Personal Development

  • Broaden your control risk awareness
  • Learn the best AP control practices
  • Provide you with the policing tools to be a more effective administrator
  • Personally interact with the seminar leader
  • Earn seven (7) CPE credits or (6) CEU's
  • Network with other financial professionals
  • Thrash out your issues in a personalized setting


Case Study Emphasis
Start with situations that detail various fraud/malfeasance and then determine:


  • How did the overall environment contribute to the condition?
  • What preventive steps could have been taken?
  • What detective measures could have been employed?
  • How should these measures/steps be documented?
  • What is the impact of Sarbanes-Oxley in relationship to this control risk?
  • How can the measures/steps be tested for effectiveness?
  • What is the probability of an occurrence in your company?
  • How much will the extra controls costs in your company?
  • Are the control costs worth it considering the probability of abuse?

Seminar covers Fraud/Malfeasance in:

  • Purchasing
  • Vendor Master File
  • Remittances
  • Voided Checks-Escheatment
  • Travel & Entertainment
  • Procurement Cards
  • Receipt of Goods
  • Receipt of Services
  • Offsetting Rebates and Receivables
  • Material Accounting Misstatements

What are the risks associated with:

  • Credit cards
  • Electronic controls
  • Replication/Imaging of documents
  • Intangible services
  • Expense reporting
  • Carelessness
  • Extravagance/Misuse
  • Vendor collusion
  • Vendor abuse
CPE75 CPE Credit: Goodman & Associates is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Web site: www.nasba.org. This conference qualifies for 7 CPE Credits. No pre-requisite courses, advanced preparation or experience is required for admittance to this conference.

Cost
$595
$990 - Special two-day combination price

 

Click here to Register for this seminar!

Schedule of Seminars

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  Utilizing AP Benchmarks & Metrics to Drive Process Improvement #83   Oct 7, 08   Naperville, IL (Chicagoland)   Hotel Arista, a newly opened luxury hotel at a remarkable low opening price 888-504-0088
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  Two Day Seminar Combination Price Purchase Codes Above   Oct 7, 08   Naperville, IL (Chicagoland)   Hotel Arista, a newly opened luxury hotel at a remarkable low opening price 888-504-0088