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Sarbanes-Oxley issues in Mergers and Acquisitions of Credit Departments

Compliance Key INC - Accounting and Finance Training

Overview
For many companies, Accounts Receivable is the largest or second largest asset on the balance sheet. Therefore, any weakness in the financial controls for A/R could have a serious impact on the company's financial statements. As well, since Accounts Receivable departments interact with almost every other department in the company, weak controls in A/R can lead to increased risk in other areas.This is especially true when it comes to integrating Credit Departments in Mergers and Acquisitions.This session will provide you with the tools you need in a Merger and Acquisition process to establish and maintain strong internal controls that reduce risk and protect company assets. 
In the case of public companies. with International Financial Reporting Standards (IFRS), executives remain personally responsible for their public company's merged financial statements on a consolidated basis and for the effectiveness of their internal controls. In a Merger and Acquisition, the Credit Department should overhaul its Sarbanes-Oxley controls to ensure that all the new processes are effectively controlled. In addition, Credit executives must have Company executives and auditors approve these new controls.If you are a creditor an accounting professional you need to be familiar with exactly what the new controls consist of, and what implementing these changes mean for your company.
Why should you attend this webinar?
This presentation will help you make sure your company remains compliant with SOX after a Merger and Acquisition. You will become acquainted with the latest information regarding SOX and will review how to design and implement compliant Credit controls.
Areas Covered in the Session:
  • Brief Sarbanes-Oxley overview
  • What to watch for and what controls you need in a Merger and Acquisition
  • Best practices for Credit Department reports
  • How Credit disclosure requirements can change under SOX
  • Using IFRS? Know how IFRS will affect SOX compliance
Who can Benefit:
  • Credit professionals
  • CEO/CFO
  • Board members
  • External and internal auditors
  • Compliance professionals
  • Finance professionals
  • Internal auditors

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Location: United States

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