Overview: This session will raise awareness of fraud issues in Accounts Payable and examine processes to mitigate the risk associated with Accounts Payable to comply with SOX. It will provide you with the tools you need to establish and maintain strong internal controls that meet Sarbanes-Oxley standards by reducing risk and protecting company assets.Why should you Attend: Setting up controls for the purchasing process and analyzing the risk to the financial statements can be a daunting task. Since a large company has to purchase many different items every day, there is a real potential for fraud. Areas Covered in the Session:Safeguarding inventory purchasingExamining supplier paymentsReviewing risks associated with payroll and taxesKnow best practices and types of approvalsReviewing repetitive processesUnderstanding the dangers inherent in inter-company paymentsVerifying accrualsAssess currency issuesBuilding and using audit trails