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Validity : 14th Apr'24 to 24th Apr'24
Best Practices to Strengthen Controls and Prevent Fraud on Master Vendor File - HRCI & SHRM Accredited
Learning Objectives:
- Indicate Issues within their current existing master vendor file practices
- Master vendor file best practices that will enable proper implementation of TIN solicitation
- Vendor Master Files Important - Understanding the Basics
- Problems That Are Encountered With Poor Master File Controls
- The Cost of Poor File Maintenance
Areas Covered in the Webinar:
- How to Implement Best Practices to Protect Your Master Files
- How to Deal With Verifying New Vendors and Verifying Their Information Before Setting up in System
- TIN Solicitation and Avoiding Problems Commonly Encountered
- Dealing With One Time Vendors
- Data File Maintenance Programs
- Designing the Proper System for Your Organization
- Tips on Preventing Fraud and Misuse of Your Files
Overview of the webinar
Gain a better understanding surrounding the threats to vendor files, identifying potential areas of weakness, and designing and implementing procedures to minimize risk.
Who should attend?
- Accounts payable managers, directors, supervisors, analysts, professionals associates
- Accounting manager, assistant accounting manager
- Controller
- Assistant controller
- Auditor
- Purchasing professional
- Vendor master manager
- Procure2Pay manager, director
- Payables manager
Why should you attend?
Proper maintenance and safeguarding of Vendor Masters Files is important to an organization. Ignoring issues or having poor controls over the Vendor Files can lead to loss of data and potential financial loss. Substandard Vendor Master File practices can increase risk of an organization to both general public and regulators. This topic is designed to help those in charge of overseeing their organization Vendor Master Files with understanding the threats to vendor files, identifying potential areas of weakness, designing and implementing procedures to minimize risk, which are all important in today's business environment
Faculty - Mr.Brian G. Rosenberg
Brian G. Rosenberg, CEO of TRG Consulting, is a leading expert in AP automation and process improvement. He has over 15 years in the design of accounts payable shared service centers, and nearly 20 years of experience with implementation of accounts payable solutions. Mr. Rosenberg is also the chairman of the editorial board for Financial Operations Matters magazine, and is a published author, and speaker, on procure-to-pay best practices.
Credits
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
ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.