Accounts Payable and Sarbanes-Oxley: Strengthening Your Internal Controls

  • Item No. : 6132
  • ISBN : 978-0-471-78588-0
  • Publisher : John Wiley & Sons Inc.
  • Publish Date : 2006
  • Authors : Mary S. Schaeffer
  • Media : Hardcover
  • Page count : 185
  • Dimensions : 6.25 X 9.25
  • Member Price : $52.95
  • Non-Member Price : $52.95

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Accounts Payable and Sarbanes-Oxley provides a comprehensive overview of the U.S. Sarbanes-Oxley Act of 2002 and lays out the necessary guidelines that affect accounts payable to ensure compliance in the accounts payable department.

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.
This book describes how Sarbanes-Oxley requirements should be implemented as they pertain to accounts payable functions. It includes a discussion of why the controls demanded by the Act are important to both public and private companies. It also includes an overview of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework and how it affects the accounts payable function, and describes the proper documentation needed to conform with Sarbanes-Oxley and the required fraud prevention controls and practices.