Sarbanes-Oxley & A/P: A/P Managers Must Now Respond Quickly When Fraud Occurs
January, 2004
This is a really bad time to be caught committing any sort of fraud in corporate America! While in the past, companies may have been reluctant to press charges, all that has changed. The accounting debacles and ensuing regulatory outcry now make it imperative that companies institute stringent controls as well as take action when corporate wrongdoing is uncovered. At first glance, these issues might seem to have no effect on accounts payable, but after closer examination, it becomes apparent that, as with most other corporate initiatives, accounts payable is affected.
2009
