Best Practices - Internal Control and SOX Compliance
Training on the best practices for internal control, including streamlined SOX compliance and the latest guidance from the SEC, PCAOB, COSO and COBIT to address your Section 404 compliance.
This is one of several seminars and workshops we present concerning compliance with the Sarbanes-Oxley Act. This timely, one-day training seminar is designed for controllers, C-level executives, finance managers, attorneys, IT professionals, CPAs, auditors and department heads. Learn how businesses can create and maintain internal control over financial reporting (ICFR) to comply with Sarbanes-Oxley Section 404 or as a "Best Practice" without breaking your budget. Improve your Business by Improving your Internal Controls!
Cost of this seminar is $650/Attendee. Each attendee will receive 8 hours of CPE credit. To reserve your space click on the Sign-up Now and fill out a registration form and use a Buy Now Button to pay the fees.
Upcoming Best Practices - Internal Control and SOX Compliance Seminars
Refer to the Geographic Area Pages for details on seminar locations and listings of other topics in your area.
Benefits of Attending
The Sarbanes-Oxley Act of 2002 is the most important legislation affecting the governance and disclosure of publicly held companies in the history of the United States. Its impact will be discussed, along with its detailed requirements for compliance. This seminar will be instructed by cost-conscious internal control experts that are business owners themselves. They have helped dozens of companies comply with the Sarbanes-Oxley's Section 404 and have presented this engaging seminar 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 Section 404 compliance.
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Seminar Highlights
- Top Down Risk Based Approach to Section 404 Defined
- The Importance of Internal Controls in Your Company
- Best Practices Learned from the Sarbanes-Oxley Act
- Internal Control Frameworks of COSO and COBIT
- Risk Management, Business Process Management, and Key Controls
- Testing the Effectiveness of Internal Controls
- Preventing and Detecting Corporate Fraud
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Learning Objectives
- Attendees will be able to define the term "internal control" and will be able to differentiate between "key" controls" and "non-key" controls
- Attendees will be able to describe the "top-down, risk-based" approach to assessing internal control, and be able to compare this approach to their current approach
- Attendees will be able to classify the types of internal controls to manage business operations
- Attendees will be able to identify the compliance requirements of the Sarbanes-Oxley Act and apply the best practices to their current practice
- Attendees will be able to list the current and future accounting and auditing standards and their impact on US companies
- Attendees will define how internal controls can manage risk, reduce fraud and increase profits
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Key Issues on the Agenda
Registration
Section 1 - Introduction and Background
- Instructor's Perspective
- History of Security Regulation
- Definition of Internal Control
- Central Themes
Section 2 - Top-Down Risk Assessment
- Public Company Accounting Oversight Board (PCAOB)
- Auditing Standard 2 Compared to Auditing Standard 5
- Committee of Sponsoring Organizations (COSO) Pyramid
- Top Down Methodology & Assessing Risk
Section 3 - Internal Control Frameworks Under SOX
- Defining Internal Control Over Financial Reporting
- "COSO" Internal Control Framework
- "CoBIT" Internal Control Framework
- COSO vs. CoBIT
Section 4 - SEC Management Guidance
- Entity-Level Controls Definition
- Role of the Board and Audit Committee
- SEC Management Guidance Introduction
- Evaluation Process
- Reporting Considerations
Section 5 - Entity-Level Internal Controls
- Specific Financial Reporting Objectives
- Risk Assessment Component
- Control Environment Component
- Control Activities Component
- Information & Communication Component
- Monitoring Component
Section 6 - Sarbanes-Oxley Act with Best Practices
- Public Company Accounting Oversight Board (PCAOB)
- Auditor Independence
- Corporate Responsibility
- Enhanced Financial Disclosures
- Analyst Conflicts of Interest
- Commission Resources and Authority
- Studies and Reports
- Corporate and Criminal Fraud Accountability
- White-Collar Crime Penalty Enhancements
- Corporate Tax Returns
- Corporate Fraud and Accountability
Section 7 - Business Process Controls and Testing
- Testing Process Flow
- Key Business Processes
- Testing of Controls
- Categorizing Internal Control Issues
- Business Process Documentation Example
- IT General Controls Examples
- Testing with IDEA
- Internal Control Maturity Model
Section 8 - PCAOB Auditing Standard 5
- Auditor's Prospective
- Auditing Standard 5
Section 9 - Going Forward
- Future Regulation
- Internal Control Concepts
- Long-Term Effects of SOX
- Roadmap to Compliance
- Dave's Lessons Learned
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Internal Control & CPA Focused Training Seminars
Corporate Compliance Seminars presents two families of professional continuing education (CPE) seminars:
Internal Control & CPA Focused Training Seminars (Details)
Internal Auditor Focused Training Seminars (Details)
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.
Experts Providing Training Seminars
Corporate Compliance Seminars was founded by experts who enjoy researching and providing classroom training, workshops and consulting on internal controls, auditing, compliance and accounting related subjects. We focus on SOX, COSO, PCAOB, COBIT, GRC, risk management, IFRS and IIA Standards.
Corporate Compliance Seminars allows attendee to earn Official NASBA CPE credit while examining the details of the Sarbanes-Oxley Act of 2002 (SOX), Internal Controls over Financial Reporting (ICFR), Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control Frameworks, ISACA's Control Objectives over Information Technology (COBIT), Information Technology Infrastructure Library (ITIL), Open Compliance & Ethics Group's (OCEG)Governance, Risk & Compliance (GRC) methodology, PCAOB's Auditing Standard 5 (AS5), and the future conversion from GAAP to the International Financial Reporting Standards (IFRS).
Our training seminars provide CPE For CPAs, CFEs, CIAs, CISAs, auditors and others with effective and engaging educational training.
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