TOPIC OF FOCUS: CONTROLS TOPIC OF FOCUS: CONTROLS

Complying with the ACA: Is it your job?

Sometimes what you don’t know can hurt you. Few organizations seem to grasp the magnitude of new reporting requirements under the Affordable Care Act (ACA). Because the legislation has been engulfed...

Weyerhaeuser AP team steps up to the challenge and transforms its process

The accounts payable team at Weyerhaeuser Company, one of the world’s largest forest products manufacturers, was humming along just fine. But a benchmarking project a few years ago indicated there...

Records and information management is not just for destruction and defense anymore

While organizations are far from getting rid of all their paper, many are making a conscious effort to do more electronically, which means they are producing even more data than ever before. Companies...

Creating a growth challenge for 2014

We heard a comment on TV, posted it on Facebook, and generated an interesting array of reactions, both pro and con. The gist of the comment was that the reason we are tested in life is that testing...

Invoiceware International to manage e-invoicing for Brazil Nota Fiscal and Mexico CFDI for Kellogg

Packaged e-invoicing managed service simplifies compliance with Brazil SEFAZ and Mexico SAT Legislation....

IRS is beefing up security of external network computer connections, report says

The IRS has been beefing up its security measures and is making progress toward complying with a directive to improve the security of external network connections, according to a report issued in...

PRGX announces departure of President and CEO Romil Bahl from recovery audit firm

The president and CEO of PRGX Global (Nasdaq:PRGX), Romil Bahl, has left the company, according to an announcement released Nov. 15. The Atlanta-based recovery audit services firm has named Ronald...

Make a time management audit part of your AR department's survival kit

With so much to do, credit, collection, and AR professionals need to make efficient use of their time. That's not an easy task considering the multi-faceted requirements necessary to manage the...

IRS releases new details on FATCA guidance for foreign financial institutions

The IRS has released a document that provides guidance for foreign financial institutions of their responsibilities under agreements governed by the U.S. Foreign Account Tax Compliance Act. Accounts...

Paperholics Anonymous: A 12-step program for kicking the paper invoice habit

Paperholism is a corporate malady afflicting AP departments across the globe. It is almost endemic in its scope! Many try to ignore the problem or pretend it doesn’t exist by saying things like,...

Study shows the bittersweet truth about outsourcing in AP, AR, and finance departments

Accounts payable and accounts receivable remain relatively untapped when it comes to business process outsourcing, a recent study by KPMG and Hfs Research shows. Only 23 percent of respondents...

Has your organization filled out a 2012 Economic Census form?

By now, your organization should have received a request to participate in the U.S. Economic Census, a survey the federal government conducts every five years to measure the nation’s economic health.

Three Lines of Defense model clarifies roles in managing risk

The premise of the model is that each area within the company has a clearly defined and specific role. When each performs its assigned task effectively, the likelihood that a risk will slip past all...

Fake checks are here to stay, despite new technology

While the risks in accepting check payments are fundamentally unchanged, RDC and mobile RDC shift some fraud risk from the bank to the business. Because of this, organizations must understand and...

Nominations being accepted for IRS advisory committee IRPAC

The IRS is requesting nominations for membership to the Information Reporting Program Advisory Committee (IRPAC), which advises the agency on administrative and reporting issues.

Organizations have room to grow in use of recovery audits, study shows

Even though 85 percent of financial operations professionals surveyed said their organizations have performed some type of recovery audit in the past two years, most relied on in-house help for these...
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