Leveraging SOX Compliance Using SEC Management Guidance & PCAOB Auditing Standard 5

Learn and create prototype documents necessary to create the basis for the assessment of ICFR for Section 404 compliance by Management.

This timely, three-day workshop is designed for compliance managers, controllers, CFO’s and others who have to create the Section 404 documentation to allow for the non-accelerated filer to comply with the SEC Management Guidance and Auditing Standard 5. We will walk through how to comply with the Sarbanes-Oxley Section 404 covering the guidance from the SEC and PCAOB without breaking your budget. We will also focus on how to cut the cost of Section 404 compliance for accelerated filers.

Under the SEC rules:

- A non-accelerated filer must provide an auditor attestation of internal controls in annual reports for fiscal years ending on or after June 15, 2010.

- A non-accelerated filer will still be required to provide management's report in annual reports, which must affirmatively state that the annual report does not include an auditor attestation. Management reports included during the period before an auditor attestation is required will continue to be deemed "furnished" rather than "filed."

The SEC rules will require that the Section 404 report that a non-accelerated filer files annually on its internal control systems contain the following elements:

- A statement of management's responsibilities for establishing and maintaining an adequate system.

- The identification of the framework used to evaluate the internal controls.

- A statement as to whether the internal control system is effective as of yearend.

- The disclosure of any material weaknesses in the internal control system.

- A statement that the company's external auditors have issued an audit report on management's assessment of its internal controls.

This workshop will position the filer to address the above with minimum resources and confidence.

Cost of these seminars are $2,400 per Attendee. Each attendee will receive 24 hours of CPE credit. Each workshop is limited to the first 10 signups. To reserve your space using the Buy Now Button to place a deposit and fill out a registration form to designate your selected workhshop. These workshops will fill quickly.

 Upcoming Leveraging Compliance Workshops

Refer to the Geographic Area Pages for details on seminar locations and listings of other topics in your area.

Benefits of Attending

SEC registered companies are faced with making an assessment of their internal controls and preparing to work with their external auditors in 2008 to completely comply with the Sarbanes-Oxley Act of 2002. This workshop will position the issuer’s staff to understand the compliance environment and develop deliverables which can be used in 2008 to opine to the external auditors in their compliance with the SEC Management Guidance. You will also understand what the auditors will be needing as input under Auditing Standard 5. The results of attending this workshop will be a better focused compliance program that meets the needs of the issuer and the external auditors. This workshop will be instructed by cost-conscious internal control experts. They have helped dozens of companies comply with the Sarbanes-Oxley Act. They have been presenting compliance seminars throughout the United States since the Act’s ratification in 2004. The instructors will candidly share their experience and present a pragmatic approach to Sarbanes-Oxley compliance.

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Seminar Highlights

- Top Down Risk Based Approach Defined
- Best Practices to Control Environment Documentation and Assessment
- Entity Level Control Documentation
- Risk Assessment Documentation
- Information Technology General Controls Documentation
- How to Manage Communication with External Auditors and Audit Committee
- Workshops focused on Major Deliverables

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Learning Objectives

- Attendees will understand top down assessments and their application
- Attendees will learn the compliance requirements of the Sarbanes-Oxley Act
- Attendees will discuss relationship with their external auditors under Audit   Standard 5
- Attendees will identify methods for improving their internal control frameworks

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Key Issues on the Agenda

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Internal Control & CPA Focused Training Seminars

The internal control seminars we present can benefit a variety of attendees:

- Non-accelerated filers who may just be getting their documentation underway for Section 404 compliance,

- Public companies looking to improve their effectiveness and efficiency of their Section 404 compliance,

- Nonprofit organizations, governmental agencies and other groups that want to improve the integration of their governance, risk and compliance (GRC) efforts,

- Executives and Board of Directors members who can gain insights from our "Best Practices" examples to really understand SOX Section 404,

- Anyone finds practical advice from our real-world experience with the implementation of internal controls over financial reporting (ICFR).

The internal audit seminars we present can benefit a variety of attendees:

- The new internal auditor can be oriented to the profession and the work,

- Auditors looking for improvements in their approach and knowledge,

- Professionals looking to improve the content of their workpapers and the impact of audit reports,

- Any organization that desires to improve the effectiveness of their internal audit department,

- Audit Managers looking for education concerning current audit issues,

- Anyone finds practical advice from our real-world experience with internal and external auditing.