- Hardcover: 208 pages
- Publisher: Wiley; 1 edition (March 31, 2006)
- Language: English
- ISBN-10: 0471785881
- ISBN-13: 978-0471785880
- Product Dimensions: 6.3 x 0.8 x 9.3 inches
- Shipping Weight: 1 pounds
- Average Customer Review: 4 customer reviews
- Amazon Best Sellers Rank: #1,650,661 in Books (See Top 100 in Books)
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Accounts Payable and Sarbanes-Oxley: Strengthening Your Internal Controls 1st Edition
Use the Amazon App to scan ISBNs and compare prices.
All Books, All the Time
Read author interviews, book reviews, editors picks, and more at the Amazon Book Review. Read it now
Customers who bought this item also bought
What other items do customers buy after viewing this item?
From the Inside Flap
Thousands of companies face the task of ensuring that their accounting operations are in compliance with the Sarbanes-Oxley Act (sox), and no other department needs to be more law-abiding than the accounts payable department. Providing information on the proper documentation and necessary guidelines needed to conform, Accounts Payable and Sarbanes-Oxley clearly defines how SOX requirements should be implemented as they pertain to accounts payable functions.
Highlighting the conceptual change that must take place in accounts payable if the organization has any hope of complying with Sarbanes-Oxley requirements, Accounts Payable and Sarbanes-Oxley examines the need for strong internal controls that are integral to the efficient operation of any well-run department. Author Mary Schaeffera leading authority on accounts payableincludes discussions of why the controls demanded by the Act are vitally important to both public and private organizations, and provides an overview of the Act, specifically sections 404 and 302. Accounts Payable and Sarbanes-Oxley also examines several of the compliance alternatives, including the COSO (Committee of Sponsoring Organizations) framework and outsourcing.
An entire section analyzes how poor controls surrounding the payment process can result in large-scale fraud. Accounts Payable and Sarbanes-Oxley also explores related areas where organizations sometimes run into trouble, including 1099s, travel and entertainment, unclaimed property, and
sales and use tax, applying the Act on these functions to determine appropriate processes. Finally, the book provides overall guidelines to help accounts payable departments conform to the Act, including information on preventing fraud, proper documentation, and the overall principles to structure accounts payable so it will be indisputably compliant.
A must-read for treasurers, controllers, cash managers, accounts payable managers, accounting managers, and small business owners, Accounts Payable and Sarbanes-Oxley provides readers with a healthy respect for the internal controls needed in accounts payable and all related functions to help their organizations achieve their goal of a healthy bottom line.
From the Back Cover
"Accounts Payable and Sarbanes-Oxley cements Mary Schaeffer's reputation as the premier authority on accounts payable. She provides great detail on all aspects of the payables systems needed to comply with Sarbanes-Oxley. A must for every controller's bookshelf!"
Steven Bragg, Premier Data Services
"Mary Schaeffer has done it again! America's most accomplished accounts payable expert has written another authoritative and comprehensive work. This time she takes aim at internal controls and the Sarbanes-Oxley Act as they impact the payables function. Whether or not you are required to comply with the Act, this book will help you meet the challenges facing professionals who demand effective and efficient controls both now and in the future. This book is an enormous resource and blueprint for any financial professional."
Bob Lovallo, President, Pinpoint Profit Recovery Services, Inc.
"There are many guides to complying with Sarbanes-Oxley yet this text is the first I have seen that provides accounts payable departments with a game plan, both from a mile-high and an in-the-trenches viewpoint. Even if you are not concerned with SOX, this guide provides the foundational control framework and best practices for any accounts payable department."
Richard B. Lanza, CPA/CITP, CFE, PMP, President, Cash Recovery Partners L.L.C.
"Mary Schaeffer's book provides clearly written guidance on the causes, consequences, and best practices for accounts payables internal controls. Every accounting, auditing, and information technology professional who deals with accounts payable will find some useful suggestions in this book."
Dr. Will Yancey, CPA, independent consultant
"If you only read one book on the duties and responsibilities of the accounts payable representativemake it this one. Ms. Schaeffer is absolutely brilliant at explaining the impact the Sarbanes-Oxley Act will have on the organization and its accounts payable procedures. Whether you are a seasoned accounts payable representative or just new to the position, this book will help you to become firmly grounded in your ability to perform your role in the accounts payable department."
Jerry W. Michael, President, IRSCompliance.org
The accounts payable blueprint to becoming Sarbanes-Oxley compliant
The Sarbanes-Oxley Act provides a rigorous discipline that can be used by all organizations, regardless of whether they are publicly traded or not. Strong internal controls and segregation of duties should become a standard way of thinking rather than something required by law. Accounts Payable and Sarbanes-Oxley provides a comprehensive overview of the Act and lays out the necessary guidelines that affect accounts payable to ensure compliance in the accounts payable department.
Top customer reviews
If you're concerned about internal controls impacting Accounts Payable, or if you're concerned about strengthening internal controls due to SOX requirements, then you owe it to yourself to pick up this book. Mary often consulted with those 'on the ground' and shares what she learned with the readers. Examples include: SOX subcertifications, problems with SAS 70 reports, real world invoicing and purchase card issues, real world vendor 'master file' issues, T&E processing, escheatment, 1099 reporting and more.
If you're stuck in the mud of SOX and can't get out, this book isn't a spiffied up BMW about as useful as a tuxedo at a bull roast. Rather it's the neighborly pickup truck with a handshake, a chain and a smile.
She covers all the aspects of Sarbanes - Oxley and it's impact on the AP Department.
I no longer wonder if I missed something or there could be something uncovered by the auditors that I should have addressed.