Effective internal controls keep track of inventory and ensure that its proper value is reflected on the financial statements This presentation will provide you with the tools you need to establish and maintain strong internal controls for Inventory that meet Sarbanes-Oxley standards
Inventory, often a company’s largest or second-largest asset, has a significant impact on both the balance sheet and the income statement. Easily manipulated, it can be hidden, stolen, or simply forgotten. Effective internal controls keep track of inventory and ensure that its proper value is reflected on the financial statements.This presentation will provide you with the tools you need to establish and maintain strong internal controls for Inventory that meet Sarbanes-Oxley standards
Inventory, often a company’s largest or second-largest asset, has a significant impact on both the balance sheet and the income statement. Easily manipulated, it can be hidden, stolen, or simply forgotten. Effective internal controls keep track of inventory and ensure that its proper value is reflected on the financial statements.This presentation will provide you with the tools you need to establish and maintain strong internal controls for Inventory that meet Sarbanes-Oxley standards
Areas Covered in the seminar:
- Accountability
- Risk of manipulation
- Purchasing
- Obsolescence
- Valuation
- Inventory returns
- Physical counts
- Inter-company transactions
- Inventory sent to outside processors
- Inventory as collateral
Who Will Benefit:
- Accountants
- Financial Managers
- Managers required to co-certify
- Financial Controllers
- Company Executives
- Anyone involved in the SOX A/P compliance process
Course Provider
Mike Morley,
