International Accounting Update
Finance Administration & Legal Track | Workshop Set 3
Thursday, September 29, 2022 13:45 PM
Description This session will review several international accounting topics to provide participants with an update on best practices regarding internal controls over the transfers of cash to international fields, including in-person transfers and FinCEN Form 105 reporting.
A discussion of best practices and the pros and cons of using personal accounts for the transmission of mission funds An overview of Office of Foreign Asset Control (OFAC) reporting and best practices regarding frequency of inquiry and persons submitted for review Insight on employing non-U.S. citizens and foreign nationals Learning Objectives Assess your current practices regarding the transfer of cash to international fields and apply best practices to improve them as needed Formulate an OFAC Policy Formulate best practices for employing non-U.S. citizens and foreign nationals 1.5 CPE credit hours // Accounting
Ted R. Batson
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