arbanes oxley and internal controls, sarbanes oxley compliance, sarbanes oxley requirements, sarbanes-oxley and internal controls update, sox compliance, sox compliance and controls, sox compliance audit, sox compliance checklist, sox compliance requirements
Sarbanes-Oxley and Internal Controls Update - online live webinar on March 2018 by Training Doyens.Learn the best practices to meet new demands on SOX compliance and controls. Also understand the risks and threats your organization may face & steps to protect it.
The Public Company Accounting Oversight Board (PCAOB) and the Securities and Exchange Commission (SEC)use inspections to reduce audit deficiencies, specifically processes that involve judgment calls and opinions—like revenue recognition, accounting estimates, and complex accounts or one-time transactions. SOX compliance efforts continue to be impacted by new and emerging influences – from the Financial Accounting Standards Board’s (FASB) new revenue recognition standard and cybersecurity concerns to the Public Company Accounting Oversight Board’s (PCAOB) inspection reports on external auditors and the resulting effects on audits of internal control over financial reporting, according to the report.For example, the new revenue recognition rules’ biggest impact on SOX compliance will force another round of significant accounting preparation and SOX compliance program changes with the FASB’s new standard.
WHY SHOULD YOU ATTEND
Need to be up to date on Sarbanes-Oxley? Have some catching up to do? We can help.Although the Sarbanes-Oxley Act of 2002 has been in effect now for over 15 years, it still requires compliance from pubic companies and other entities (Publicly Accountable Enterprises or P.A.E.’s) such as banks, insurance companies, and retirement plan companies. There have been adjustments along the way.Executives are becoming concerned as pressure increases on operational managers as well as accounting personnel, and the concept of personal liability becomes more applicable. But what does this mean for you?According to Fine-Tuning SOX Costs, Hours and Controls: Assessing the Results of Protiviti’s 2017 Sarbanes-Oxley Compliance Survey, SOX compliance “continues to not only be dynamic, but also a subject of ongoing interest. Chief audit executives, chief financial officers, and other finance and internal audit leaders eagerly seek benchmarking data on costs, hours, control counts, and much more, as they determine how and where to streamline compliance activities while addressing numerous regulatory and market changes.”
The risk environment that your company operates in is rapidly changing—with risks and threats evolving daily. To mitigate the risks in your company's changing environment, risk assessments need to be an integrated process, not just a check-the-box exercise done once a year.Mapping and flowcharts are a good way for the company and auditors to fully understand the processes they are auditing and the risks associated with those processes.Companies often have far too many moving parts in their processes: disconnected files, inconsistencies in key facts, and manual steps to manage. By integrating the documentation, testing, and even performance of controls into a single source, reporting teams reduce the number of moving parts, save time, gain control, and improve the quality of the information presented to auditors and managers.Provide opportunities where employeescan attach specific evidence and give their signatures. This will provide protection to the company if fraud is later discovered. if you notice something, don't wait—you should act immediately to address any exceptions. Technology can help flag these exceptions in a more transparent manner.In the past, when management reviewed a control or piece of a process, a signature was used to prove it was reviewed. The PCAOB is cracking down hard here and wants evidence on what the manager actually reviewed.
WHO WILL BENEFIT
Accountants, auditors, financial executives, CEO’s, Compliance officers. finance staff, Treasury staff, CFO’s, anyone associated with preparing SOX compliant financial statements
A Certified Public Accountant, business author Mike Morley is an entertaining and informative speaker and a recognized authority in the field of finance.Mike offers various training programs, such as IFRS, SOX, and Financial Statement Analysis that focus on providing continuing education opportunities for finance and accounting professionals.
For more details click on this link:
26468 E Walker Dr,Aurora, Colorado 80016-6104