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Archive for Category: Blog

HIDDEN RISKS IN AN ACCOUNTS PAYABLE PROCESS

RisksIn a traditional finance division, the departmental structure is usually functional with a specific individual or team responsible for Accounts Payable and a separate team responsible for Accounts Receivable. This structure is vulnerable to collusion between Accounts payable staff...

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CHALLENGES FOR ACCOUNTANTS AND THE FUTURE SKILL REQUIRED

AbstractThe speed of automation of accounting functions constitutes the biggest challenges to accounting professionals. Accounting has evolved from manual ledgers to computerized systems, ERP’s and now digitization. Hence accountants have faced gradual automation of the functions they have assiduously...

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