How to Address 15 Key AP and Purchasing Compliance Issues

Why Should You Attend:

Revenue shortfalls at all levels of government have greatly increased scrutiny on companies in attempts to find additional revenue. Accounts payable and purchasing are the focus of much additional scrutiny. Increased rate of electronic recordkeeping and electronic transaction processing and the ability to collect and analyze large quantities of financial data have increased the likelihood that a company’s purchasing and accounts payable data will be reviewed by regulators. State, federal and international privacy legislation and rules add to the complexity.

This webinar will provide comprehensive guidance to attendees doing business internationally and facing similar growing challenges related to accounts payable and purchasing compliance issues and risks. It will highlight the regulatory compliance areas and the issues to be addressed and the necessary actions to be taken to avoid the risks and how to meet the challenges related to compliance.

Areas Covered in this Webinar:

Following areas will be covered during the webinar:

• The issues that need to be addressed
• Actions that should be taken

• Steps to help you identify weaknesses
• How to put in place additional processes and controls to address these challenges.

Who will Benefit:

• Accounts Payable, Purchasing and Shared Services Managers and their staff
• Controllers
• Information Technology Professionals who support Accounts Payable and Purchasing
• Risk Officers
• Internal Auditors
• Product Managers and Developers of ERP, Purchasing and Financial Accounting Systems

Instructor Profile:

Jon Casher,President of Casher Associates Inc., specializes in project management, process management and information technology consulting. Mr. Casher has worked with hundreds of organizations in the public and private sectors providing guidance and assistance on a broad range of financial operations, accounts payable, accounts receivable and procure-to-pay topics.
He was a member of the Board of Directors of a NASDAQ listed company from 2000 and head of the Audit Committee from 2002 until it went private in September 2006. He led the company’s effort to comply with Sarbanes Oxley as well as many other regulatory matters.
He has written two books, chapters in several other books and more than 50 articles and white papers. He currently presents over 40 conference sessions, workshops, web casts, and audio conferences each year. He has been a guest lecturer on information technology and entrepreneurship at the Harvard Business School, M.I.T.'s Sloan School of Management and Boston University. In addition, he was a lecturer at Boston University and Northeastern University where he taught graduate courses in Computer Science.

Topic Background:

Accounts payable and purchasing have undergone great changes. They account for between 30 and 70 percent of the money and financial commitments that flow out from companies. Regulators have realized that the information maintained by and transactions that pass through these two organizations should be monitored and analyzed to ensure appropriate behavior as well as to determine if fines, penalties or lawsuits are appropriate.

At the federal level, 1099 and 1042-S reporting as well as compliance with Office of Foreign Assests Control (OFAC), Sarbanes-Oxley (SOX) and the Foreign Corrupt Practices Act (FCPA)are just some of the issues that AP and purchasing must address. But, at the state level, increased Sales and Use Tax audits, Escheatment audits, Dead Beat Parent Reporting and Withholding on Payments to Vendors are all creating challenges for AP and purchasing.

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