TOPIC OF FOCUS: CONTROLS TOPIC OF FOCUS: CONTROLS

IRS releases updated FATCA 1042-S, 8957 draft forms for 2014 year

The IRS has recently released the new draft 2014 Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, and Form 8957 Account Tax Compliance Act (FATCA) Registration, for use by...

Basware Analytics gives business leaders visual insight to boost financial performance

Basware, the leading provider of e-invoicing and purchase-to-pay solutions, has launched its advanced reporting suite, Basware Analytics. Offering sophisticated data visualization, it empowers...

Ariba teams with Dell Boomi to simplify seller integration

Just as consumers have taken to personal networks to share shop and consume, companies too have made the digital leap, leveraging business networks to connect and collaborate with their customers 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...

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...

State of Kansas becomes latest adopter of U.S. Bank consumer driven healthcare program

U.S. Bank has been named the State of Kansas’ Health Savings Account (HSA) administration partner, beginning with the 2013 Plan Year.

Free Third Thursday-When Internal Controls Break Down

 

When Internal Controls Break Down: 9 Often-Overlooked Areas Where Controls Fall Apart in the Accounts Payable Function

April 18, 2012
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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.

Freudenberg IT taps Esker fax services for SAP for enhanced hosting capability

The benefits of cloud computing are well known. Esker and FIT customers benefit from the reliability, scalability, flexibility and cost savings of deploying core IT applications via the cloud. Faxing...

Anti-bribery law deserves AP scrutiny

An organization can be criminally fined up to $2 million per violation of the anti-bribery provisions of the Foreign Corrupt Practices Act and culpable individuals can be subject to a criminal fine of...

Improper tone at the top causes breakdown in basic AP controls

Sloppy controls and abuses by the superintendent, board members, and senior employees of a Southwestern school district illustrate how poor financial leadership can lead to multiple instances of...

6 key strategies can mitigate rising global default risk

Corporate default risk is rising in emerging markets as well as developed ones. To manage this increasing risk, AR pros need to redouble their vigilance and adopt a series of best practices.

Despite Sarbanes-Oxley, losses due to fraud up 20 percent — accounting tops list

Business losses due to fraud increased 20 percent in recent months, according to the 2010/2011 Global Fraud Report from risk consulting firm Kroll Inc.

Try these best practices for giving your supplier data a makeover that will stick

Organizations have begun to realize that the half-life of useful and accurate information is similar to that of someone who has gone through a one-time-only makeover. In other words, give that company...
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