SOX Controls for Accounts Receivable

For many companies, Accounts Receivable is the largest or second largest asset on their balance sheet. Therefore, any weakness in the financial controls for Accounts Receivable could have a... Read more

AR Automation Can Trigger SOX Reporting Requirements

Thought you had enough on your hands implementing the latest AR department automation project? Don't forget to assess whether the introduction of the new technology "materially" changes the company's... Read more

Whistleblower Protections

The Dodd-Frank Act made several changes to federal whistleblower protection laws. Congress' wanted to encourage employees to report illegal activity without fear of reprisal. In late 2011, the... Read more

AR/Credit SOX Compliance Impacted by Relationships with Sales

An aspect of AR and credit department due diligence that is not always sufficiently appreciated is Sarbanes-Oxley Act (SOX) compliance issues related to the close relationship between the sales... Read more

Legal Liability for Your Financial Reporting?

It isn't only CEOs and CFOs who are legally exposed to Sarbanes-Oxley rules for certification of financial statements' accuracy and completeness. So are treasurers, financial managers, controllers, and any... Read more

Sarbanes-Oxley and Accounts Receivable

On July 30, 2002, President George W. Bush signed into law the Public Company Accounting Reform and Investor Protection Act of 2002, better known as Sarbanes-Oxley. The wide-ranging law... Read more

What Sarbanes-Oxley Sections 303, 404 & 409 Mean to Accounts Receivable

Many companies consider Sarbanes-Oxley a regulatory nightmare, and with good reason. But it can also be an opportunity for continuous business process improvement. Compliance with the Act isn't a... Read more