Sarbanes-Oxley Compliance for the External Auditor
Training on the best practices for auditing public companies, including planning engagements the latest guidance from the SEC, PCAOB, COSO and COBIT.
This timely, one-day training seminar is designed for external auditors with PCAOB registered firms, attorneys, internal auditors and others engaged in the auditing of public companies. Learn how the PCAOB Auditing Standards can be applied to test and evaluate internal control frameworks which comply with Sarbanes-Oxley. Improve your audit planning and documentation by improving your understanding of 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 Sarbanes-Oxley Compliance for the External Auditor Seminars
Refer to the Geographic Area Pages for details on seminar locations and listings of other topics in your area. Call us for seminars after June 30.
Benefits of Attending
The PCAOB released their Auditing Standard 5 in 2007. PCAOB register accounting firms now have to comply with this comprehensive guidance concerning the annual audits of all public companies. This Standard focuses the external auditor on planning and executing the audit with the results of thier continuing risk assessment driving all audit procedures. In January 2009, the PCAOB Staff released "Guidance for Auditors of Smaller Public Companies". This insight provides the external auditor with examples of how to apply Auditing Standards to thier existing clients. This seminar will be instructed by internal control auditing experts that have extensive public accounting expertise and have presented this engaging seminar throughout the United States to CPA firms. The instructors will candidly share their experience and present a pragmatic approach to PCAOB standard compliance.
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Seminar Highlights
- Audit Planning Process under AS 5
- Risk Assessment Underlies the Entire Audit Process
- Structure of the COSO and COBIT Internal Control Frameworks
- Best Practices within Entity-Level Controls
- Assessment of Entity-Level Controls
- Testing the Effectiveness of Key Controls
- Summary of PCAOB Guidance and Presentations
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Learning Objectives
- Attendees will understand details within Auditing Standard 5
- Attendees will identify methods for improving their audit workpapers
- Attendees will understand entity-level controls and their application to risks
- Attendees will learn the available guidance from the PCAOB
- Attendees will discuss how internal controls are used by clients manage risk and reduce fraud
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Key Issues on the Agenda
Registration
Section 1 - Introduction and Background
- Introduction
- History of Audits of Public Companies
- Definition of Internal Control
- Review of PCAOB Standards
Section 2 - Top-Down vs. Control-Based Compliance
- Where did COSO Originate?
- How COSO has developed
- The Risk Based approach within AS 5
Section 3 - Internal Control Frameworks Under SOX
- What Internal Control Frameworks can be used by clients
- COSO as defined in the Small Company Guidance
- The 20 COSO Principles
- Valuable Reference Materials
- COBIT Information Technology Framework
Section 4 - PCAOB Auditing Standard 5
- Guidance for PCAOB Registered Auditors
- Planning the Audit
- Using a Top-Down Approach
- Testing Controls
- Evaluating Identified Deficiencies
Section 5 - Entity-Level Internal Controls
- Assessing Entity-Level Controls
- Examples of Key Controls at the Entity Level by COSO Principle
- Best Practices within the Control Environment
Section 6 - Sarbanes-Oxley Act of 2002
- Titles and Sections
Section 7 - Testing of Controls
- Testing Process
- Standards for Documenting and Testing Key Controls
- Sample Size Logic
- Measuring the Maturity of Controls
Section 8 - Going Forward
- Future of Regulation
- Roadmap to Compliance
- Lessons Learned
- Building Sustainability
- Dave’s Top Ten
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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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