Effective accounting policies and internal controls are key for stemming financial reporting fraud and reducing the number of financial restatements. So how can companies improve in these two areas?
This CPE course highlights leading-practice recommendations from top company executives, corporate directors, and auditors. This course presents a discussion about how leading companies develop their internal accounting policies so that those policies are aligned with technical guidance but still understandable to the non-accountants in their business units. Just as important are the internal controls companies must put in place to monitor compliance with those policies. The Panel of experts discuss how successful companies utilize strong accounting policies to deter and detect fraud while providing actionable recommendations that each supply chain member can bring to their organizations. This discussion expands on insights contained in the Anti-Fraud Collaboration report, Addressing Challenges for Highly Subjective and Complex Accounting Areas. (July 2017)
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