Compliance Concerns Impacting the Accounts Payable & Payment Function

Date: Thursday, July 20, 2017
Instructor: Mary Schaeffer
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs

An industry expert notes “Most CFO's aren't concerned about compliance—unless there’s an auditor at the door, it's just not a priority for them.” Unfortunately, then it’s too late. The fines and penalties and aggravation are sure to follow—unless the accounts payable and/or accounting departments are doing their jobs.

When it comes to regulatory concerns affecting the accounts payable function, 1099 reporting is just the tip of the iceberg. There’s a lot more that must be done. If not, the organization could run into trouble with the IRS, various state regulatory bodies, the Department of Justice, Treasury and more. Negative publicity, fines, penalties, and in a few cases jail time are some of the fallouts that could result from ignoring these issues. When it comes to these matters the governing bodies have no senses of humor and ignorance is no excuse.

In this session we’ll review what every organization should be doing when it comes to OFAC, FCPA, ACA, IRS T&E Rules, Use tax and Unclaimed Property and more. The session will include a quick explanation of each issue along with why these are likely to be issues that should be addressed. It will also contain a checklist of items for each issue showing what every organization should be doing with regard to each matter.

Who Should Attend
Accountants, controllers, accounting managers, auditors (internal and external), Treasurers, CFOs, CEOs, accounts payable professionals, disbursement managers, payment professionals, payroll professionals and procure-to-pay professionals.

Topics Covered

  • Review what every organization should be doing when it comes to OFAC, FCPA, ACA, IRS T&E Rules
  • Use tax and unclaimed Property
  • Quick explanation of each issue along with why these are likely to be issues
  • Contain a checklist of items for each issue showing what every organization should be doing with regard to each matter

Learning Objectives

  • Identify which regulatory issues needs to be addressed
  • Identify potential shortfalls in their operation as they relate to regulatory issues
  • Recognize how to fix regulatory operational loopholes in their operation
  • Differentiate which regulatory issues they need to investigate further
  • Create processes to ensure regulatory compliance for their organizations on all issues applicable to the payment function

Level
Basic

Format
Live webinar

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None

Registration Options
Individual
Group
*Note: 3 or more qualifies for discounted Group Participant Fee

Fees
Regular Fee$79
Group Participant Fee$59
Unlimited Webinar Pass Fee$0

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