Skip to main content

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

Labels:
Location: United States

Comments

Post a Comment

Popular posts from this blog

New 2019 HIPAA Guidance on De-Identifying Protected Health Information

Compliance Key  -   HIPAA Compliance Training Overview This seminar will be addressing how practice/business managers or compliance officers need to get their HIPAA house in order, as HIPAA is now fully enforced and the government is not using kid gloves anymore. It will also address major 2019 changes taking place with the Health and Human Services regarding the enforcement of the HIPAA law as well as detailed discussions on the Phase 2 audit process and current events regarding HIPAA cases (both in courtrooms and from real-life Audits). Our instructor - Mr. Brian Tuttle  has over 20 years of experience in working as Compliance auditor and has been an expert witness on multiple HIPAA cases. He`ll thoroughly explain on HOW and in WHAT scenarios patients can claim for cash remedies. More importantly, Brian will show you how to limit those risks by simply taking proactive steps and utilizing best practices. Why should you attend this seminar? This Seminar will go over s
Post a Comment
Read more

SOX Compliance: Accounts Receivable Risks and Controls

Overview The accounts receivable process includes the sub-cycles of acquiring and accepting customer orders; writing sales contracts; granting customer credit; shipping or otherwise delivering products or services; billing and recording sales and lease transactions; maintaining and monitoring accounts receivable; instituting effective collection procedures; recording and controlling cash receipts; establishing pricing and promotional activities; and properly valuing receivable balances. In management's selection of procedures and techniques of control, the degree of control implemented is a matter of reasonable business judgment. The common guideline used in determining the degree of internal controls implementation is that the cost of a control should not exceed the benefit derived. The Order to Cash Process (O2C) Process is comprised of several sub-processes that must have a foundation of internal controls for SOX 404 certification process. This webinar wil
Post a Comment
Read more

How to Return Manufacturing to America Using Total Cost of Ownership Analysis?

How to Return Manufacturing to America Using Total Cost of Ownership Analysis? Michele Nash-Hoff Michele is founder and president of ElectroFab Sales, a sales agency specializing in helping manufacturers select the right processes for their products since 1985. She is currently a director on the board of the and the San Diego Inventors Forum and is also Chair of the California chapter of the Coalition for a Prosperous America. Michele is the author of Rebuild Manufacturing - the key to American Prosperity and Can American Manufacturing Be Saved? Why We Should and How We Can available at www.amazon.com. She has written regular articles for IndustryWeek?s e newsline, as well as many other e........ Read More Overview Moving manufacturing offshore led to the loss of 5.8 million manufacturing jobs and the loss of 60,000 companies and since the year 2000. What was the impact on the American economy? Is manufacturing returning to America? In this webinar, expert
Post a Comment
Read more