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- Title
Supplier Finance Programs.
- Authors
Marshall, Leisa L.; Palmer, Richard
- Abstract
Specifically, if invoice payments to suppliers are directed to a financial intermediary (a common practice in SFP settings), auditors should request further information about buyer-supplier payment processes. Departments IN BRIEF Both FASB and the IASB recently issued exposure drafts related to supplier finance programs (SFP). In the traditional model of buyer-supplier transactions, buyers order from suppliers based on agreed-upon credit terms. Financial institution and supplier set the terms by which the supplier sells obligations to the financial institution, as adjusted to reflect credit-worthiness of buyer Supplier voluntarily (not mandated) participates in the RF arrangement.
- Subjects
FINANCIAL Accounting Standards Board; SUPPLIERS
- Publication
CPA Journal, 2022, Vol 92, Issue 5/6, p60
- ISSN
0732-8435
- Publication type
Article