Duration: 90 minutes | Speaker: Patrick A. Haggerty, EA |
Available On-Demand
Accounts payable is not only responsible for the control of cash paid by the business but also handles sensitive vendor information such as tax ID numbers. Adequate internal control is an essential element of accounts payable operations. Controls serve to protect company assets including company reputation through the protection of sensitive information and processes. Controls provide assurance that company records are accurate and complete. They monitor compliance with company policy and compliance with legal and contractual obligations and measure progress toward the achievement of organizational objectives. In addition, controls can result in cost savings through the assessment and improvement of operational efficiency as well as the prevention, detection, and mitigation of errors and fraud.
Areas Covered:
Who Should Attend:
Pat Haggerty is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice. He began teaching accounting at the college level in 1988. He is licensed as an Enrolled Agent by the U. S. Treasury to represent taxpayers at all administrative levels of the IRS and is a Certified Management Accountant. He has written numerous articles and a monthly question and answer column for payroll publications. In addition, he regularly develops and presents webinars and presentations on a variety of topics including Payroll tax issues, FLSA compliance, information returns, and accounting.
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Credits: 1.5
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Credits: 1.5
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Credits: 1.5
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