Sarbanes-Oxley – Benefiting from Compliance

Designed for Business Owners, CEOs, CFOs, Controllers, CPAs, Internal Auditors

One Day Program -- 8 CPE Credits

Description

Learn how to profit from Sarbanes-Oxley compliance? If you haven't got a plan and want to lower your compliance costs, this one-day workshop is for you. Get the practical guidance you need to ensure compliance with Section 404 and the new PCAOB Audit Standards including Audit Standard No. 5 as you take a deeper look at underlying concepts, tools and resources. Learn how to apply COSO's framework, evaluation tools, conducting self-directed assessments of internal control, and more. This program offers a complete update on small company compliance issues as well as challenges for private companies and not-profit organizations. You will be updated on how to use and apply the COSO Evaluation and Work tools.

Objectives Learn about the latest revisions made by the SEC and PCAOB. Understand and plan for compliance with Section 404 of the Sarbanes-Oxley Act utilizing control self-assessment techniques and the objectives and components of the COSO Framework. Examine the three objectives of internal controls: Operational Effectiveness; Reliable Financial Reporting; Compliance with Laws and regulations. Explore the five components of Internal Control: Control Environment; Risk Assessment; Control Activities; Information and Communication; Monitoring Understand how to create business value through application of optimized compliance techniques and practices using the 20 principles of the COSO framework. Learn how to use the COSO Evaluation and Work Tools to assess internal control risk

Agenda Objectives of internal controls -- operational effectiveness, reliable financial reporting, compliance with laws and regulations Components of internal controls -- control environment, risk assessment, control activities, information and communication, monitoring Sarbanes-Oxley overview COSO framework Control self-assessment approach PCAOB Standards IT issues and concerns Compliance planning Identifying reporting requirements and relevant processes Small Company and Private Company issues