Webinar Segments Internal Control Best Practices:
We operate in a paperless environment. Internal controls are more critical in a paperless environment. During COVID-19 companies have deployed employees in remote locations. This “work from anywhere” WFA environment makes internal controls more difficult as events & activities are not performed in central locations. We must rely on technology to combine them into a central platform. Accounts payable is moving to a transactions-based processing environment to replace the outdated documents processing environment. It all starts with accounts payable since it is at the core of all other company processes, systems & functions. Hence accounts payable must drive all internal control elements of awareness and concern. 80% of all transactions are processed through accounts payable. COVID-19 has caused a significant increase in fraud waste & misuse. Robust internal control policies and procedures must the created to cope with the transactions-based accounts payable
COVID-19 has created situations that will remain in a revamped environment. We must take the lessons learned during COVID-19 to re-imagine processes & internal controls in a post-COVID-19 environment. The transactions-based environment requires companies to be proactive rather than reactive and interact with transactions in real-time to achieve the goals of internal controls
This Webinar looks at best practices in accounts payable including:
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HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org