What Accounts Payable Needs to Know about the FCPA

Duration: 60 Minutes
Many accounts payable and procure-to-pay (P2P) departments fail to do any staff training regarding the Foreign Corrupt Practices Act (FCPA) compliance. They unfortunately believe it has nothing to do with accounts payable. Alas, they are wrong. These groups are the last set of eyes to look at a payment before it goes out the door; the last chance an organization has to stop a payment that could cause it untold nightmares.
Foreign Corrupt Practices Act
Instructor: Mary Schaeffer
Product ID: 504669
Objectives of the Presentation
  • Explain why AP and P2P should look at all payments for possible FCPA violations
  • Identify key words to look for when reviewing payment documentation
  • Pinpoint questionable transactions that might be FCPA violations
  • Take the appropriate steps when a questionable transaction is found
  • Understand the severe ramifications of not complying with the Act
  • Identify situations that are considered violations based on real life examples
Why Should you Attend
The fallout from noncompliance can be pretty ugly. One company is reported to have spent hundreds of millions (yes, that's millions) in lawyers and attorney's fees, after they were found to be noncompliant. FCPA prohibits bribery of foreign government officials – and this bribery can come in many different forms. If your organization has done nothing to train its AP or P2P staff, this is one session you don't want to miss.

Areas Covered
  • The FCPA Act
  • Bribery
  • Corruption
  • Components of FCPA
  • What a company must do when it identifies a violation even if the DOJ or SEC isn't aware of the violation
  • Who is covered by the Act
Who will Benefit
  • Audit
  • Accounts Payable
  • Accounting
  • Controllers
$300
Recorded Session for one participant
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Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
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  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
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Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Mary S. Schaeffer is the author of 18 business books, a monthly newsletter, and a free bi-weekly e-zine, as well as several CPE courses for CPAs. She runs AP Now, a boutique publishing and consulting firm focused on accounts payable issues. She also serves as the Education Director for the Institute of Financial Operations. Before turning to writing and consulting she worked in the corporate world as an Assistant Treasurer for the Equitable Life Assurance Society, a Financial Risk Manager for O&Y and a Corporate Cash Manager for Continental Grain. A frequent and popular speaker at both live and online events, she has an MBA in Finance and a BS in Mathematics.
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