Accounting  |  Format: Flash

Master Vendor File Best Practices to Strengthen Controls and Prevent Fraud

Course Overview
This course provides an overview of vendor master file best practices that help to strengthen controls and assist in preventing fraud. This includes a discussion of data included within the vendor master file, collecting TINs, and use of the IRS's TIN Matching Program. This course also addresses the new frauds as it relates to vendors as well as certain regulatory compliance issues.

Learning Objectives
Upon successful completion of this segment, you should be able to:

  • Identify best practices as it relates to the vendor master file
  • Recognize key information relating to the IRS TIN Matching Program
  • Recognize regulatory compliance issues and how vendor portals will evolve in the future

    Catalog Number: 99SCH20
    CPE Credits: 1 Registry / 1 QAS
    Author: Mary S. Schaeffer
    Advanced Preparation:
    Course Level: Basic
    Field of Study: Accounting
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Apr 12, 2019 / Apr 12, 2021