Compliance Week: Robert Rostan “The Popularity, and Peril, of Structured Payable Programs”
by Tammy Whitehouse
Auditors are reminding companies to take a close look at their accounts payable to be sure they haven’t inadvertently created debt that might alter leverage ratios and violate other loan covenants.
As companies and their lenders have innovated in recent years in search of new ways to access working...