Live Educational Webinar
Preparing the Accounts Payable Team for Audits
Price: FREE
Mar. 28, 2019 Thursday
11:00 AM - 12:00 PM (Pacific)
1 Hour
Registration for this event is currently closed
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Free Live Webinar

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  • Expert-instructor-led learning with live Q&A
  • Based on a great course on Illumeo
Anne Wheeler Owner of CS Process Flows - Consulting and Project Management
As Accounts Payable professionals, we can tend to panic when we hear the word “Audit”. This could be for several reasons; concerns that issues will be uncovered, worried about the amount of time needed away from day-to-day work or just stressing about meeting with auditors and answering questions correctly. Don’t take these audits personally and don’t face them alone. You are part of a team.

Chances are the audits are required by the company, or by external accountants or municipalities, to ensure operations are above board. In some cases, customers may demand certain audits before agreeing to do business with a company.

In this webinar, learn some tips and tricks on how to prepare for an audit once you have been notified one is to be held. Learn the benefits of becoming a willing participant and who to reach out to for help. If the AP team discovers an issue while preparing for an audit, don’t try to hide it. Steps to be taken to disclose issues will also be addressed in this program.

Yes, there can be repercussions if issues are found. Learn what needs to be done to correct the finding and what should be done to reduce the risk of that issue reoccurring.

Learn to embrace any audit process. The findings could also be a validation that the Accounts Payable Operations are running as they should. Isn’t that the goal?

Learning Objectives

After attending this event you will be able to:
Discover the pros and cons of having Audits within Accounts Payable.
Identify which teams might need to be involved to have a successful audit.
Explore what can be done to address findings moving forward.
Recognize ways to find and address issues before audits occur.

Speakers

Anne WheelerOwner of CS Process Flows - Consulting and Project Management
Anne Wheeler
Owner of CS Process Flows - Consulting and Project Management
Anne started CS Process Flows, LLC in April of 2016 after a 30+ year career working in various accounting areas. Her career in accounts payable started when she was hired as a processor. Then she worked her way through accounts receivable and general accounting before coming back to accounts payable as a manager. The challenges presented in Accounts Payable and all of the exciting changes going on in this area over the last few years and into the future are her passion. Her experience includes building new AP operations, identifying inefficiencies and implementing solutions in existing teams and being involved with other areas of the Procure to Pay work stream. She has success in establishing and strengthening relationships with team members within Procurement, IT, and other areas of finance when working on AP related projects and with management of outsourced delivery centers overseas. Her experience includes managing up to 25 AP staff members processing upwards of 30K invoices a month, so she is very aware of what it takes to manage transactions. She has also managed the implementation of several different types of AP workflow systems over the years, a Concur Travel and Expense reporting system, different Corporate Card programs, including both Purchasing and T & E cards, and ACH payment programs. Her experience also includes a project to outsource check printing and the transition of 7 Tyco Business Units to an outsourced delivery center in India.
Moderated by Jennifer RobbinsIllumeo Webinar Manager
Moderated by Jennifer Robbins
Illumeo Webinar Manager
Jennifer is a marketing specialist and the webinar manager for Illumeo. She has been a part of more than 200 webinar presentations, supporting our expert presenters and Illumeo users alike. When she’s not moderating webinars, she’s creating and managing marketing content.