Learn from a SOX expert who was recruited to assist MCI (previously) WorldCom to lead the company’s SOX program and implement an internal controls program in an environment lacking controls.
Section 404 requires annual report by management on the design and effectiveness of internal controls over financial reporting, and an attestation by the company’s auditors as to the accuracy of management’s assessment.
Evaluate and test internal controls over financial reporting using COSO to opine on effectiveness (broad and deep).
Assessment must be based on procedures sufficient to evaluate design and test operating effectiveness. Inquiry alone will not provide adequate basis for assessment.
Significant support is required from operations and controller organizations as up to 70% of key controls can be outside of financial reporting.
This webinar will explore the ten best practices to help ensure that your SOX 404 processes are working.
The Sarbanes-Oxley Act of 2002 makes company executives of publicly traded U.S. companies personally responsible not only for the accuracy of their company’s financial statements and disclosures, but also for reporting on the effectiveness of its internal controls. Complying with the requirements of the Act can seem like an overwhelming task, but this entertaining and informative webinar will walk you through the latest requirements quickly and easily.
This practical webinar focuses on the top ten best practices that can be used to enhance your current SOX 404 program or to implement the requirement for a new public company. This webinar will also provide insight and guidance for existing control programs for private companies.
Areas to be Covered:
The instructor will provide insight in the following topics by presentation, case studies, and discussion
Review of Sections 302 and 404 of the Act and their Impact
The Three Critical Corporate Controls
The Top Ten Best Practices
Accountability and Disclosures of Signing Officers and Co-certification
Getting Started: Establishing the Scope of the Project
Setting Priorities: Identifying Key Business Risks and Processes
Establishing Roles and Responsibilities
Implementing Reporting and Remediation
The Management Evaluation Process
The Future of SOX and Compliance
The COSO Integrated Framework Update
How do I embed the requirement of SOX into my company’s DNA?
The Pros and Cons of Continuous Controls Monitoring (CCM)
Who will Benefit:
Managers required to co-certify
Company Executives, and
Anyone involved in the SOX compliance and internal controls programs