SOX Compliance: Accounts Receivable Risks and Controls

Chris Doxey



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 will explore those sub-processes and will highlight the risk risks and controls that are required for SOX 404.

Why should you attend this webinar?

Learn how other processes impact the AR process.
Learn about the Internal Control Standards for the AR and Order to Cash (O2C) Process
Learn about the process risks and how key controls can mitigate these risks.
Learn how to improve your SOX 404 process.

Areas Covered in the Session:

Brief Overview of SOX 404
What Auditors Look For
Process Flow of the Order to Cash (O2C) Process
The Sub-Processes Within the ORC Process
Internal Control Standards
Key Controls

Who can Benefit:

Accounts Receivable Management
Corporate Credit Manager
Customer Contract Management
Corporate Counsel (Legal Department)
Customer Master File Management
Customer Order Management
Customer Order Processors and Order Entry



Ad Reference ID: 8665b6d88e214b55

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