ACH and RDC: From ‘Risky Business' to ‘It's a Wonderful Life'
Kathy Levin – Managing Director
Payments Information Cycle – Educational Services
Presentation Style – Traditional PowerPoint
Management Advisory Services – 1.0 Credit
Intermediate #1800 – New Session
In this period of seemingly endlessly changing regulations and increased fraud, it is more important than ever that a corporation understand the risks involved in Automated Clearing House and remote deposit capture, and what steps it should be taking to monitor, manage, and mitigate those risks. This session will look at the operational, compliance, and fraud risks for a company using ACH and/or RDC and provide best business practices to help ensure the company is protected.
Adding Value with External Business and Credit Risk Data
David Schmidt - Principal
A2 Resources – Business Services
Presentation Style – Traditional PowerPoint
Management Advisory Services – 1.0 Credit
Basic #1805 – New Session
Credit departments have long relied on credit bureau data to better manage their accounts receivable. This workshop will not only review best practices use of external credit risk data sources but will also explore how third-party sources of business, economic, demographic, and risk data can be used to cost-effectively identify marketing opportunities, enhance the physical supply chain, and facilitate master data management. Attendees will gain an understanding of the different sources of business information as well as the different types of data and services that are available from these third-party information providers. Basic concepts related to identifying and managing risk will also be discussed. All of this will prepare workshop attendees to go back into their companies and identify opportunities to use internal data to improve receivables performance, uncover marketing and supply chain opportunities, and facilitate better customer and vendor data management.
Audit. Recover. Recommend. - Implementing a Contract Compliance Audit - NEW !!
Kristy Parnell - Senior Manager
Wal-Mart - Retail
Connolly Facilitator TBA
Janet Quirk - VP, Business Development
Connolly, Inc. - Business Services
Presentation Style – Traditional PowerPoint
Management Advisory Services – 1.0 Credit
Advanced #1860 – New Session
Chances are you already have a recovery audit initiative to review your payables process. And over the years you've probably implemented many controls improvment so that your level of leakage is less than 1/10 of 1%. But you may be asking - How can I further leverage the audit resources I already have in place? Are there additional areas that can be reviewed for cost recovery? Contract Compliance Audits take post payment reviews to a deeper level. They examine the nature of your contracts, the dynamics of the business relationships and the processes that result in deliverables. Depending on the type of contract audited, recovery can rage from 1% - 5% of spend, sometimes more.
Hear how some of the best-run country's leading companies have taken the next steps in recovery auditing to derive greater value from their supplier/vendor relationships. Learn tips on gaining internal buy-in and approval, and hear about the benefits that go far beyond just dollars and cents.
Electronic Bank Account Management (eBAM): Control, Compliance, and Cash Savings CANCELLED
Intermediate #1810
It's the Law: What Do Improper Payments Mean to You?CANCELLED
Elvis Oxley – President
Oxley Consulting Inc. – Business Services
Presentation Style – Interactive Facilitated Discussion
Auditing – 1.0 Credit
Intermediate #1815 – New Session
This session, for federal government attendees only, reviews the spirit and intent of the Improper Payments Elimination and Recovery Act (IPERA) signed into law by President Obama in July 2010. The president estimated that approximately $110 billion was improperly paid by the government last year, including improper payments made to government contractors. The new legislation will now require executive agencies to conduct recovery audits in an effort to reduce this figure by $50 billion by 2012. Under IPERA, there is a list of actions that an agency must take to be in compliance with the law, and the agency inspector general is responsible for determining whether the agency is in compliance with the law. If the agency is found not to be in compliance, then IPERA contains a series of actions the agency must take to improve its error reduction efforts. Oxley will explain what steps agencies and inspectors general can take to ensure they are compliant by the deadlines specified.
Managing the Financial Risk of Transportation Carrier Overcharges and Incorrect Billings
Geary Barnes – Senior Partner
Audit Techs – Business Services
Nancy Motley – Senior Team Leader, AP, Payroll, Compliance
Roquette America – Transportation Services
Presentation Style – Traditional PowerPoint
Auditing – 1.0 Credit
Basic #1820 – New Session
Roquette America, a leading global producer of agricultural-based solutions and specialty chemical processor, implemented a freight payment post-audit process to identify transportation carrier billing discrepancies and retrieve profit dollars in the form of carrier refunds that would otherwise be lost. This post-payment analysis is provided by Audit Techs, Roquette's post-audit service partner. The end result is a cost-cutting best practice that produces dollars via refunds and improves the overall accounts payable process. The most common carrier billing errors will be discussed by transportation mode: truck and railroad shipment billings. An overview of both Roquette's payment process, including the start-up and ongoing implementation of the post-audit analysis, will be reviewed, including a discussion highlighting the savings realized along with the carrier billing error corrections implemented to ensure sustained cost savings.
Unclaimed Property Boot Camp: Navigating Today's Complex Escheatment Obstacle Course
Heather Steffans – Business Development Executive
StoneRiver – Business Services
Presentation Style – Traditional PowerPoint
Taxes – 1.0 Credit
Basic #1825 – Updated Session
With statistics as high as 25 percent of people moving each year, companies lose track of their customers/vendors, which often translates to an increased amount of unclaimed property on their financial records. The speakers will provide an introduction to unclaimed property focusing on compliance and best practices to reduce liabilities. Sarbanes-Oxley has brought unclaimed property to the forefront for many organizations as risk reduction is paramount.
The session will address some of the holder's responsibilities such as determining where this function should be housed and identifying the different types of unclaimed property. The session will review some of the states' legislative requirements, including the due diligence obligations of the holders.
Additionally, they will discuss some of the differences of the state filing formats. This presentation will provide sample policy and procedures to help companies get started and point out some consequences of noncompliance.
Unclaimed Property Policies and Procedures: What Do Your Procedures Document?
Kathleen Moyer – Senior Manager
Josiah Osibodu - Director
Thomson Reuters – Business Services
Presentation Style – Traditional PowerPoint
Taxes – 1.0 Credit
Intermediate 1830 – New Session
If your company is selected for an audit, the first document requested by the auditor will be the unclaimed property policies and procedures. Will you be ready for that request? Or will you, like many companies, scramble to pull something together? This presentation will cover such topics as articulating your corporate policy, identifying property types and business units to be included in the procedures, communicating with the stakeholders, handling due diligence responses, documenting exclusions and exemptions, issuing payments to the states, preparing reports, retaining documents and recovering funds. After this presentation, the attendees will be able to identify topics within their company's unclaimed property policies and procedures that require enhancements.
Unclaimed Property: What You Need to Know to Get Into Compliance — 2011 Update
Kathleen Moyer – Senior Manager
Josiah Osibodu - Director
Thomson Reuters – Business Services
Presentation Style – Traditional PowerPoint
Taxes – 1.0 Credit
Intermediate #1835 – New Session
If your company has employees, customers, and vendors; issues rebates; sells gift cards or gift certificates; or has shareholders, if publicly traded, there is a high probability that, at some point, it will be selected for an unclaimed property audit. Often the penalties and interest assessed by the state are more than the actual unclaimed property remitted. This presentation will discuss what to do in the event of an audit. From the audit opening conference to the closing meeting, it is important to understand the "rules of engagement." Come ready to ask questions and to share your experiences.
Unclaimed Property: What You Need to Know Today to be in Compliance
Tracey Reid – President
Reid Unclaimed Property Services – Business Services
Presentation Style – Traditional PowerPoint
Taxes – 1.0 Credit
Intermediate #1840 – New Session
Is a ticking escheat bomb waiting to explode in your organization? A major financial exposure for organizations large and small is compliance with state abandoned property laws. All U.S. states and territories require businesses to report and remit outstanding liabilities.
Uncashed payroll and vendor checks, unclaimed dividends and securities, rebates, unidentified remittances, and other cash equivalents that have not been claimed by the owner within a specified period of time are supposed to be remitted to the states. States continually shorten the time you have to comply with these laws, and audit activity is at an all-time high. States increasingly view unclaimed property laws as a revenue source and stepped-up audit activity results in large assessments for businesses. It is vital to understand your obligations and minimize the impact of unclaimed property laws on your operation and its bottom line. Learn to defuse the escheat bombs hidden in your organization.
Vendor File Maintenance — Dotting your I's and Crossing your T's
Sarah Washam – Manger, Accounts Payable
University of Oklahoma Health Sciences Center –
Educational Services
Presentation Style – Traditional PowerPoint
Taxes – 1.0 Credit
Basic #1845 – Updated Session
This session details vendor entry standards, such as abbreviations, postal codes, addresses, and how to maintain a clean and up-to-date file by relying on TINs and using the IRS
TIN-matching system. It also includes requirements for a vendor to be added to the file, capturing the important reporting information to include residency status and minority information, how to maintain organzied paper files when imaging isn't an option, lessons learned, and helpful links.
Vendor Validation and Compliance: Beyond OFAC Screening
Chris Doxey – VP, Business Development
Business Strategy Inc. – Business Services
Presentation Style – Interactive Facilitated Discussion
Business Management and Organization – 1.0 Credit
Intermediate #1850 – New Session
This advanced session will provide a tool kit that contains the key components necessary for vendor master validation and compliance. We'll review the important of TIN matching and will actually review the IRS requirements for the submission of a vendor master file. We'll review the importance of "scrubbing" your vendor master on an annual basis. Lastly, we'll review the requirements for Office of Foreign Assets Control (OFAC) screening and the importance of other reviews such as Office of Inspector General Screening (OIG), Excluded Parties List System (EPLS), and Bureau of Industry and Security (BIS).
What's So Special About Specialty Audits?
Jim Janos – Director, Tax and Freight Solutions
Jeremy Dotson – Director, Tax and Freight Solutions
APEX Analytix – Business Services
Co-Facilitator – TBA
Presentation Style – Moderated Roundtable Discussion
Auditing – 1.0 Credit
Intermediate #1855 – New Session
The good news is that companies are improving controls, consolidating ERP systems, and doing a better job of eliminating savings leakage due to duplicate payments. The bad news is, they are still losing lots of dollars in overpaid tax and freight. Jim Janos, a career tax auditor, gives an insider's view into how reverse sales and use tax or VAT audit is a defensive strategy against the inevitable tax audit, and why it is important to get started early — because taxing entities are slow in processing repayments. Jeremy Dotson, who has also added hundreds of thousands in freight recoveries to the bottom lines of companies, describes how the mistakes happen and how AP can begin the conversation with peers in logistics to initiate the freight compliance audit. Case studies will be provided to illustrate each specialty area.
RISK, CONTROL, COMPLIANCE