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2018 - Sarbanes-Oxley and Internal Controls Update



VenueAurora, Colorado 80016-6104, USA - United States USA - United States

KeywordsSOX Compliance ans Control; Internal Controls Update


Topics/Call fo Papers

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.
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.
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.
Quick review of the SarbanesOxley Act
Focusing on Risk
Reducing the number of moving parts
Prevention is key
Detecting red flags
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.Many Fortune 500 companies take advantage of his training programs to bring their staff up to speed so that everyone understands what their responsibilities are.
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Ticket Price:
Live Webinar : $199
Recorded Webinar : $219
Training DVD or USB Flash Drive : $399
Super Combo Offer 1 : $329
Super Combo Offer 2 : $479

Last modified: 2018-02-14 13:41:22