FSO Knowledge Xchange To Host FSOkx’s 7th Annual Financial Services Outsourcing Forum with Excellence Awards a Premier one-day event boasts outstanding speaker line-up, interactive discussions, and annual FSOkx Excellence Awards

New York, NY - May 02, 2013: Industry experts from Lord Abbett & Co., Credit Suisse, Citi, HSBC Group, Hudson Valley Bank, Northfield Bank, New York Community Bancorp, Inc, Longbridge Investments LLC are among the distinguished speakers at FSO Knowledge Xchange's 7th Annual Financial Services Outsourcing Forum with Excellence Awards to be held on June 6, 2013 at the Princeton Club of New York.

During the event, FSOkx will present the FSOkx Excellence Awards to recognize firms with outstanding performance in the following areas:

• Excellence in Risk Management and Compliance
• Excellence in Business Process Management
• Excellence in Performance Measurement
• Excellence in Data Management
• Outsourcing Deal of the Year in Financial Services

"The industry is facing headwinds amid intense regulatory and cost pressure in addition to the global economic uncertainty. Success in such a challenging environment can only come by implementing transformative technologies and business models," said Rekha Vatsa, Executive Director, FSOkx. "We're excited to bring together technology and business executives from a wide variety of financial firms to share their insights and best practices for leading their firms through their transformation journey."

Topics covered during this one-day event include capitalizing on big data, effective risk management strategies, regulatory compliance, innovative technologies, transformative business and outsourcing strategies for financial services industry.

For complete event details and registration information, please visit:
http://www.fsokx.com/Event/EventArticles.aspx?evId=38

Registration is complimentary for delegates from the banking, insurance, and capital markets industries.

About FSO Knowledge Xchange:-

FSO Knowledge Xchange is a global research and information hub providing insights to the banking, insurance, and capital markets industry. FSOkx’s leverages research, events, and advisory services to empower senior-level financial industry executives with the knowledge they need to optimize global resources, achieve operational excellence, guard against technology obsolescence, innovate and improve business processes, adopt best practices, and transform their organizations. For more information, please visit http://www.fsokx.com

Contact Details:
Ann Gallagher
Events Manager
FSO Knowledge Xchange
Phone: (732) 462-3763
E-mail: agallagher@fsokx.com

This session will examine the origins of supply-chain finance, the current state, and the projected future and its impact on importers, exporters, and banks.
Why Should You Attend:

This 90-minute webinar will

• Explore the history and drivers of supply-chain finance
• Compare the mechanics of various supply-chain finance programs with each other
• Compare the risks and costs of supply-chain finance with letters of credit
• Understand the accounting issues faced by importers and exporters when arranging receivables purchases
• Review supply-chain finance programs being offered by Exim Bank and the World Bank

Areas Covered in This Session:

• The Predecessors of Supply-Chain Finance
  • Letters of credit
  • Trade acceptances and forfaiting
  • Purchase order tracking
  • Payables extension programs
• Challenges
  • The SEC opinion on bank debt
  • Security interest laws in countries of suppliers
  • “True sale” laws
  • Pre-export financing
• The Current Playing Field
  • Domestic programs
  • Purchase order-invoice matching applications
  • Bank Payment Obligations (“BPOs”)
  • On-line trade acceptances
  • Value-dated payment orders
  • Export Credit Agency and Multilateral Development Bank support

This 90-minute webinar covers the operational principles and techniques for internal control in purchases, accounts payable and payment.

Why Should You Attend:
Internal controls are an important part of corporate risk management. Internal auditors must know in details specific tests of control. Even operating managers should know internal controls that apply to the areas under their supervision to avoid unintentional consequences of inappropriate procedures and to protect against wrongdoing by others.

This webinar highlights the principles and techniques for internal control in purchases, accounts payable and payment. After a general placement into the COSO framework, the course operationally covers how the processes of purchasing, accounts payable and payment should be designed for internal controls, the specific internal controls that apply to these area, as well as the levels of attribution and delegation of decision power.

Areas Covered in the Webinar:

With reference to purchases, accounts payable and payment:

- Placement within the COSO framework.
- Internal control objectives.
- Internal control responsibilities within the organization.
- Management authorizations.
- Matching of financial statement assertions with internal controls.
- Process workflows enabled for internal control.
- Internal controls and check lists.
- Voucher systems.
- Implication of computer systems on internal controls.

This webinar will show how foreign-based public companies and their management can implement a system of corporate governance and internal controls for compliance with Section 404(a) of the US Sarbanes-Oxley Act of 2002 (“SOX”). The course will detail a proven and practical ‘risk-based’ approach for easy implementation.

Why Should You Attend:

This webinar will provide valuable insights into designing, implementing, and testing a system of corporate governance and internal controls over financial reporting, specifically for foreign-based public companies. This is an introductory session to expose you to the key points of SOX compliance. In addition to highlighting the unique SOX compliance challenges that foreign-based public companies face, the session will also cover best practices and common mistakes in writing internal control policies and procedures, implementing them, and monitoring (testing), specific to these companies.
At the end of this session, the speaker will answer questions you may have related to this topic.

Areas Covered in the Webinar:

By attending, you will learn:

- A review of Section 404 of the Sarbanes-Oxley Act of 2002.
- Definition of corporate governance and internal controls over financial reporting.
- A “risk-based” approach to designing and implementing a system of internal controls over financial reporting.
- Full compliance with the SOX law through a monitoring system that tests the system of internal controls over financial reporting.
- Defining the meaning of “Tone at the Top” and communicating the importance of full compliance to employees and other stakeholders.
- The meaning of “transparency” in the US public marketplace.
- Best practices and common mistakes in writing internal control policies and procedures, implementation, and monitoring (testing).
- Unique SOX compliance challenges for foreign public companies.

There is simply no show like it as a group of highly experienced traders discuss the market form different points of view in discussions which throw up endless learning for the participants. Each trader has their own approach and strategy which they explain and give incites to over the shows. Host Paul Botterill keeps the show relevant and interesting and keeps the pace moving along at a nice pace.

The show is hosted by founding member and fund trader Paul Botterill, and features long standing feature presenters such as Adam, Chloe, Geoff, Pascal and Rob. Their love of trading shins through in an informative, interesting show where some amazing trading is explained in simple terms for all too see.

The Global Investment Performance Standards (GIPS) may not be voluntary-but investment management firms should seriously consider implementing them. News of scandals and fraud weigh heavily on investors’ minds and adopting GIPS is one important step that investment managers can take to win back investors’ confidence. Compliance with GIPS, which identifies best practices for performance calculations and presentations, is inevitable as investment managers are increasingly expected to include these guidelines in Request for Proposals (RFP). The guidelines also enable investors to fairly evaluate and compare the firm’s portfolios across diverse options in the financial markets.

Topics covered during this one-hour webinar include:
Benefits of adopting GIPS—both for your firm and your clients.
The six elements of GIPS and why you need to comply with each one.
Best practices for calculating and presenting investment performance.
Documentation and reporting requirements for compliance.
Marketing GIPS compliance to attract and retain investors and boost investor confidence.
Striking the right balance between investment margins and the cost of compliance.
Efficient strategies for composite portfolio construction.
Conducting internal performance verification examinations.

In this 60 minutes webinar, you can discover the in and out of accounts receivable risks and controls in compliant with SOX. The speaker brings vast knowledge and experience to guide you through with the know-how of accounts receivable process, fraud, weaknesses, deficiencies and the efficient ways to deal with them.

Why Should You Attend:

Accounts receivable represent your company’s efforts to generate revenue by providing goods or services to customers who are then allowed to make payments at a later date. Not all customers are able or willing to pay cash when making orders. Allowing payments on credit opens the market to more customers and expands a company’s ability to generate revenue and thus improve and maintain a healthy cash flow. It is an accounting requirement that all invoices generated are properly accounted for in an AR account with the company’s general ledger.

Led by the foremost expert, you can gain insights on proper accounts receivable process, the associated risk and control. The webinar will also engage you with case studies and examples of the scenarios where you can gain advantage of in-depth learning and how to overcome associated problems.

At the end of this session, the speaker will handle your specific questions and address any challenges you have/had in your accounts receivable process.

Learning Objectives:

Being a part of the webinar, you will learn:

• The Components of the Accounts Receivable (AR) Process
• Key Risks within the AR Process
• Key Controls that Ensure AR SOX Compliance and Prevent Fraud
• Types of Accounts Receivable Fraud
• Common Accounts Receivable Fraud Committed by Employees
• Typical Accounts Receivable Fraud Schemes by Companies
• Identification of AR Control Deficiencies
• Significant Deficiencies
• Material Weaknesses
• Case Studies and Examples
• Questions and Discussion

Event Details:

Date: November 13, 2012
Time: 10:00 AM-11:00 AM PDT
Cost: $149 per attendee per computer terminal
Registration: SIgn-Up on-line now. Add to your shopping cart.

This 90-minute webinar will re-examine the Sarbanes Oxley Act and how SME’s may respond to the legal requirements. In particular, the webinar looks at Accounts Receivable and how executives may fulfill their obligations under the Act.

Why Should You Attend:

This webinar looks at the impact of the Sarbanes Oxley Act after 10 years. There is a whole new generation of professionals who are encountering Sarbanes Oxley for the first time. The Act is still relevant, perhaps even more so the in current economic climate. Even though many companies do not now need to have their SOX certifications audited, adherence to the principles of the Act is still vital and is a legal requirement.

This webinar will re-examine the Sarbanes Oxley Act and how SME’s may respond to the legal requirements. This session will also cover specifically the procedures that companies need to reflect on when implementing SOX controls for Accounts Receivable.

Areas Covered in the Seminar:

• Introduction to the Sarbanes-Oxley Act 2002 and 10 years of its operation.
• Understanding obligations under the Sarbanes-Oxley Act for SMEs.
• Accounts Receivable specific issues.
• Financial controls for Credit and Accounts Receivable.
• Credit and Accounts Receivable processes risks of material misstatement and fraud.
• Testing Credit and Accounts Receivable controls.
• Documentation requirements specific to Credit and Accounts Receivable.

Event Details:

Date: November 29, 2012
Time: 10:00 AM-11:30 AM PDT
Cost: $199 per attendee per computer terminal
Registration: SIgn-Up on-line now. Add to your shopping cart.

This 90-minute webinar examines the changing role of internal audit and how an organization can start to develop its internal resources to meet the new challenges that it faces in the current economic and regulatory environment.

Why Should You Attend:

Changing stakeholder expectations and a new view of risk management are prompting an important shift in the role of internal audit in many organizations. More than ever, internal audit is considered integral to a company’s control environment and is constantly challenged to provide value-added and relevant analyses of an organization’s internal control structure, performance and productivity.

This session will discuss the major focus areas for internal auditing in the coming years, such as corporate governance, enterprise risk management, strategic reviews, ethics audits, and passage to International Financial Reporting Standards (IFRS). We will discuss how you can re-examine your views of internal audit from a pure control function to one that actively participates in the development of an organization. By attending this webinar, you will learn how to develop your internal resources to meet the new challenges that your organization faces in the current economic and regulatory environment.

Areas Covered in the Seminar:

• What is Internal Audit?
• Legal and regulatory background.
• Traditional view of Internal Audit.
• Evolving role of Internal Audit.
• Relationship with top management.
• Role of Audit Committee.
• High Value Internal Audits, Social Media, Governance, Risk Management.
• Sarbanes Oxley and the Internal Auditor.

Event Details:

Date: October 25, 2012
Time: 10:00 AM-11:30 AM PDT
Cost: $199 per attendee per computer terminal
Registration: SIgn-Up on-line now. Add to your shopping cart.

This webinar on risk management for bankruptcy highlights the sources of risks companies face, various risk mitigation methods, as well as, strategies for risk management in coming out of a bankruptcy procedure.

Why Should You Attend:

Bankruptcy process in the United States shields a distressed company from existing creditors; this is why some companies consider bankruptcy as a practical exit strategy from a distressed situation. If properly planned, the company will be able to take on greater amounts of risk than it otherwise would and possibly obtain higher expected returns. But, a drop in the credit rating puts the company in a situation where financial sources are limited and therefore unfavorable financial terms have to be accepted, which in terms puts additional pressure on the company. hence, risk management for bankruptcy has to be well planned and managed.

The purpose of this webinar is to examine the effects of using bankruptcy as a risk management tool. It will describe the sources of risks companies face, various risk mitigation methods, as well as, strategies for risk management in coming out of a bankruptcy procedure.

We will discuss about the choices of financing that companies have and their risk management strategies. Bankruptcy situations are considered to be high risk situations, so choices of lending and investment sources are limited.

Areas Covered in the Seminar:

1. Discussion of risks companies take during Bankruptcy.
1. Credit risk
2. Operating risk
3. Market risk
4. Liquidity risk
5. Operating risk
2. Risk Management for Bankruptcy
3. Importance of defined exit strategy

Event Details:

Date: October 16, 2012
Time: 10:00 AM-11:00 AM PDT
Cost: $149 per attendee per computer terminal
Registration: SIgn-Up on-line now. Add to your shopping cart.