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Course Title
Sarbanes Oxley Act - Implementation and Compliance Training
Objectives:
The seminar has
been designed to provide with the knowledge and skills needed to
understand and support Sarbanes-Oxley compliance.
Target Audience:
This course is recommended for all managers and
professionals who need to understand and speak the specialized language
of Sarbanes Oxley compliance, which must become the
common language
throughout their organization.
This course is highly recommended
for:
·
C – Level Executives
·
IT and Information Security Directors, Managers and Professionals
·
Chief Risk and Compliance Officers
·
IT and Security Process Owners
·
Network, System and Security Administrators
·
IT Auditors
·
IT, Security and Management Consultants
Duration:
3
Days, 09:00 to 17:00 each day
Course Synopsis:
·
The Sarbanes Oxley Act
·
The Need
·
US
federal legislation: Financial reporting or corporate governance?
·
The Sarbanes-Oxley Act of 2002: Key Sections
·
SEC, EDGAR, PCAOB, SAG
·
The Act and its interpretation by SEC and PCAOB
·
PCAOB Auditing Standards: What we need to know
·
Management's Testing
·
Management's Documentation
·
Reports used to Validate SOX Compliant IT Infrastructure
·
Documentation Issues
·
Sections 302, 404, 906 and the three certifications
·
Sections 302, 404, 906: Examples and case studies
·
Management's Responsibilities
·
Committees and Teams
·
Project Team – Section 404: Reports to Steering Committee
·
Steering Committee – Section 404: Reports to Certifying Officers and
cooperates with Disclosure Committee
·
Disclosure Committee: Reports to Certifying Officers and cooperates with
Audit Committee
·
Certifying Officers and Audit Committee: Report to the Board of
Directors
·
Control Deficiency
·
Deficiency in Design
·
Deficiency in Operation
·
Significant Deficiency
·
Material Weakness
·
Is it a Deficiency, or a Material Weakness?
·
Reporting Weaknesses and Deficiencies
·
Examples
·
Case Studies
·
Public Disclosure Requirements
·
Real Time Disclosures on a rapid and current basis?
·
Whistleblower protection
·
Rulemaking process
·
Companies Affected
·
International companies
·
Foreign Private Issuers (FPIs)
·
American Depository Receipts (ADRs)
·
Types of ADR programs
·
Employees Affected
·
Effective Dates
·
Internal Controls - COSO
·
The Internal Control — Integrated Framework by the COSO committee
·
Using the COSO framework effectively
·
The Control Environment
·
Risk Assessment
·
Control Activities
·
Information and Communication
·
Monitoring
·
Effectiveness and Efficiency of Operations
·
Reliability of Financial Reporting
·
Compliance with applicable laws and regulations
·
IT Controls
·
IT Controls and Sarbanes Oxley Act Relevance
·
Program Development and Program Change
·
Deterrent, Preventive, Detective, Corrective, Recovery, Compensating,
Monitoring and Disclosure Controls
·
Layers of overlapping controls
·
Compliance Challenges
·
Scope of Sarbanes Oxley Project
·
Discussing the scope with the external auditors
·
Assumptions
·
In or out of scope?
·
Is it relevant to Sarbanes Oxley?
·
Using SOX as an excuse
·
Computer Forensics Investigation?
·
Business Intelligence?
·
Business Continuity and Disaster Recovery?
·
Third-party service providers and vendors
·
Redefining outsourcing
·
Outsourcing services and Sarbanes Oxley compliance
·
The new definition of outsourcing
·
Outsourcing after Sarbanes Oxley
·
Offshore outsourcing is also redefined
·
Key risks of outsourcing
·
What is needed from vendors and service providers
·
SAS 70
·
Type I, II reports
·
Advantages of SAS 70 Type II
·
Disadvantages of SAS 70 Type II
·
Working with vendors and service providers
·
Sarbanes Oxley and other compliance projects
· Integrating SOX with other regulations
·
European answer to SOX
·
Aligning Basel
II operational risk and Sarbanes-Oxley 404 projects
·
Common elements and differences of compliance projects
·
New standards
·
Multinational companies and compliance issues
·
US
federal legislation and state law. The US
constitutional challenges
·
From the 1929 Companies Act (UK)
to the 1933 Securities Act (USA) to Sarbanes Oxley
·
Auditing in the USA and in UK: Very
important differences
The Instructor
George Lekatis is a senior risk and compliance
consultant, certified trainer, and general manager of Compliance LLC, a
leading international provider of Sarbanes Oxley and Basel ii training and
consulting in more than 30 countries.
George
has more than 17,000 hours experience as a
professional speaker and seminar leader. Has worked for more than 11 years
as a management consultant and educator and has demonstrated exceptional
presentation and communication skills.
About Compliance LLC (www.compliance-llc.com)
Compliance LCC (incorporated in Delaware, USA)
is a leading international provider of Sarbanes Oxley and Basel ii
compliance consulting and training.
We work in more than 30 countries, providing
excellent personalized solutions to companies and organizations of the
private and the public sector.
To learn more
click here
The Cost
The fee for in-house training is US$
9,800 for 3 days (and $ 2,000 for each additional day) - final cost (for
teams from 2 to 50), includes tax, expenses, hotels, flights,
everything.
$ 4,900 (50%) due 30 days before the
first day of the class and $ 4,900 (50%) due the last day of the class.
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