Gain a better understanding about threats to vendor files, identifying areas of weakness, and designing and implementing procedures to minimize risk.
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.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Vendor Master Files - Safeguarding and Maintaining Your Information
- Vendor Master Files Important - Understanding the Basics
- Problems That Are Encountered With Poor Master File Controls
- The Cost of Poor File Maintenance
Frauds That Can Be Encountered and Prevented
- TIN Solicitation and Avoiding Problems Commonly Encountered
- How to Deal With Verifying New Vendors and Verifying Their Information Before Setting up in System
- How to Collect Data for a Compliance and Verification Program
- How to Cleanse Data Files
- What to Do When Things Go Wrong
Best Practices for Data Files
- How to Implement Best Practices to Protect Your Master Files
- 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
Importance of Segregation of Duties
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on January 6, 2021.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Amy Fitzgerald
EisnerAmper LLP
- Manager and serves as the web liaison for EisnerAmper LLP’s Financial Advisory Services where she oversees and manages the articles, blogs, and podcasts written and conducted by her colleagues for EisnerAmper’s website
- Provides a number of advisory and valuation services, including commercial litigation, bankruptcies, financial investigations, intellectual property disputes, and business interruptions
- Responsibilities include analyzing financial and other data, preparing models and expert reports, and assisting counsel across various areas
- Worked across a wide variety of industries, including professional sports teams, clothing and fashion, aerospace, and hospitality
- Previously presented on Vendor Master Files for Lorman
- B.S. degree in finance, The College of New Jersey
- Can be contacted at 732-243-7409 or [email protected]
Hubert Klein
EisnerAmper LLP
- Partner, Practice Leader Forensic, Valuation, and Litigation Services Group, Eisner Advisory Group
- Practice focuses on forensic accounting and internal investigations
- Speaker for various national and local organizations
- Professor of Forensic Accounting at Fairleigh Dickenson University
- Author of numerous articles on fraud and forensic topics
- Membership includes AICPA, ASCFE, and NACVA; is a CPA, CFF, CFE, ABV, CVA, and CGMA
- Graduate, Johnson & Wales University
- Can be contacted at 732-243-7377 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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