SOX 404 Conference 2017: Compliance, Internal Controls & Risk Management Webcast

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Discover the best ways to handle 2017’s toughest SOX and Risk Management Challenges.

SOX 404 Conference 2017: Compliance, Internal Controls & Risk Management Webcast

CPE Credit: 16 Hours

Price: $899.00

NASBA Field of Study: Accounting

$499 per day or take both days for just $899!

 

Overview

SOX 404 Conference 2017: Compliance, Internal Controls & Risk Management

Discover the best ways to handle 2017’s toughest SOX and Risk Management Challenges.

In this targeted webcast, our unmatchable team of the world’s leading SOX experts will provide you with proven success strategies for dealing with 2017’s growing web of new SOX and Risk Management challenges.

You'll learn the best ways to handle everything from dealing with the SEC and PCAOB's ever growing crackdown on Internal Control over Financial Reporting…to implementing four new US GAAP Standards with appropriate internal controls…to protecting your organization from cybersecurity problems…to fixing the widespread serious deficiencies exposed in recent external audits by the PCAOB and more.

This two-day webcast is comprised of two 8-hour sessions. Take both days for just $899!
 

DAY ONE AGENDA HIGHLIGHTS


•  Regulatory Trends: Recent Trends that will
   Impact 2017 SOX Programs

•  SOX Panel Discussion: Roundtable on Today’s
   Hottest SOX Topics

•  Implementation Considerations for New GAAP
   Standards

•  Key Considerations in Fraud Risk Assessment 

 

DAY TWO AGENDA HIGHLIGHTS


•  SOX 404 Cybersecurity Audits: Less Pain,
   More Automation

•  SOX Deviations: Practical Methods to
   Determine Whether an ICFR Deficiency
   Exists

•  Optimizing Your Internal Controls
   Resources: The Three Lines of Defense  

•  Benchmark Your SOX Program in 90
   Minutes or Less to Determine if it Needs
   a Refresh

•  SEC Enforcement & FCPA Compliance

 

LEARNING OBJECTIVE  This webcast will provide updates on new rules and regulations impacting SOX compliance and the
latest best practices to reduce compliance costs and maximize internal controls.

PREREQUISITE  None.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Update.    NASBA FIELD OF STUDY  Accounting.
DELIVERY METHOD  Group Internet-Based.

 

 

Agenda

DAY ONE AGENDA


Welcome & Opening Remarks
8:45
 – 9:00 AM

Keynote Speaker
9:00
 – 9:30 AM

Regulatory Trends: Recent Trends that will Impact 2017 SOX Programs
9:30
 – 10:45 AM
This session will spotlight current trends that will have a huge impact on your SOX program in 2017. Among the most troublesome trends is the SEC and PCAOB’s continued focus on Internal Control over Financial Reporting (ICFR). This session will zero in on the specific ICFR areas that are now on the SEC and PCAOB’s radar, and other trends you’ll need to deal with this year, including: 
ICFR-related PCAOB inspection findings
Examples of recent SEC comment letters on ICFR
Reported material weakness data
Risk assessment
Management review controls
Reports used in controls and more

Break
10:45
 – 11:00 AM

SOX Panel Discussion: Roundtable on Today’s Hottest SOX Topics
11:00 AM – 12:15 PM
This lively roundtable discussion is a perennial favorite. Moderated by Deloitte, it features industry practitioners from Bristol-Meyers Squibb, Hilton and more, who will give you their insights on today’s hottest Risk Management and SOX Compliance issues. In this highly interactive session, we encourage our attendees to share their real-world experiences and get their most challenging questions answered by the leading SOX authorities.
Our panelists will discuss the topics listed below and much more:

Innovation in internal controls: what leading-edge companies are doing today
SOX Risk Assessment and Scoping: common challenges and leading practices
Deficiency evaluation and why root cause is a necessary first step
New standards: when control considerations should come into play
Audit committee oversight: what they focus on from a SOX perspective
Cybersecurity and its impact on ICFR
Small company considerations—one size does not fit all

Luncheon
12:15
 – 1:15 PM

SOX Panel Discussion: Roundtable on Today’s Hottest SOX Topics (continued) 
1:15 – 2:15 PM

Break
2:15
 – 2:30 PM

Implementation Considerations for New GAAP Standards
2:30 – 3:45 PM
The New GAAP Standards, including revenue recognition, leases, financial instruments and credit losses, require close attention by management to ensure that the implementation is done in a timely and effective manner, including making necessary transition disclosures and applying appropriate standards. This session will provide you with implementation timelines for successful transitions, while it examines common implementation challenges.

The Applicability of Fraud as Part of SOX 
3:45
 – 5:00 PM
PCAOB requires companies to take reasonable measures to prevent and detect fraud as part of the SOX compliance process.
Topics to be discussed include:

Approaches to conducting a fraud risk assessment
How companies should manage fraud risk to ensure “reasonable measures” are taken
Should all fraud risk be considered a “financial risk”?
Who should have responsibility for managing fraud risk?

Cocktail Reception
5:00
 – 6:00 PM
 

DAY TWO AGENDA


Opening Remarks
8:30
 – 8:45 AM

SOX 404 Cybersecurity Audits: Less Pain, More Automation
8:45
 – 9:45 AM
This interactive panel discussion will examine the tools and processes that can be deployed to perform SOX 404 cybersecurity audits more cost effectively and comprehensively, through the use of more automation and continuous monitoring.

Break
9:45
 – 10:00 AM

SOX Deviations: Practical Methods to Determine Whether an ICFR Deficiency Exists  
10:00 – 11:00 AM
A deficiency in ICFR exists if the design or operation of a control does not allow management or employees, in the normal course of performing their assigned duties, to prevent or detect misstatements on a timely basis. When deficiencies in the design or operation of a control are found, management needs to assess how serious the impact may be on the integrity of the company’s financial reporting processes. More serious deficiencies are classified as either significant deficiencies or material weaknesses. In this session, the Internal Controls Compliance Lead at Bristol-Myers Squibb will share practical examples and perspectives for evaluating a SOX deviation to determine whether a deficiency, “Significant Deficiency (SD)” or “Material Weakness (MW)", exists in internal controls over financial reporting.
Topics to be discussed include:

Assessing whether a design or operation deficiency exists
Distinguishing an operational deficiency from an ICFR deficiency
Assessing criteria to evaluate a deficiency, SD and MW

Does Your Organization Have the Right "Culture of Controls"?  
11:00 AM – 12:15 PM

Luncheon
12:15
 – 1:00 PM

Benchmark Your SOX Program in 90 Minutes or Less to Determine if it Needs a Refresh 
1:00
 – 2:15 PM
This interactive session will offer you a perfect opportunity to benchmark your current SOX program and determine if it needs a few small but important tweaks, or a major overhaul. It features an innovative live video poll on SOX Risk Assessment Factors. You and all the other participants will be shown a list of risk indicators and will be able to respond anonymously, if the risk indicator is relevant to your situation. The result totals will be shown on screen in real time and shine a spotlight on critical factors that may indicate your risk assessment approach may not be sufficiently designed to achieve its intended objective—reliable financial reporting. This session will also provide you with leading practices for designing a robust risk assessment program, including effective ways to manage people and processes, while utilizing innovative tools and technologies. 
Topics to be discussed include:
SOX scoping considerations
Best practices for developing, standardizing, monitoring and evaluating risk and its effect on SOX
  controls

Does your company have adequate escalation processes in place to identify and quickly respond to
  significant changes in your environment that may impact your financial reporting?

Changes that could have a major impact on your SOX and financial reporting programs:
  – New IT systems, processes/procedures

  – Staffing or organizational changes
  – Divestiture
  – Outsourcing/Insourcing
  – Product launch, significant contracts
  – Regulatory, political or business environment changes

Break
2:15
 – 2:30 PM

Benchmark Your SOX Program in 90 Minutes or Less to Determine if it Needs a Refresh (continued) 
2:30 – 3:15 PM

SEC Enforcement & FCPA Compliance  
3:15
 – 4:30 PM
This session will highlight current trends in SEC enforcement, including their recent, increasing scrutiny of Internal Control over Financial Reporting (ICFR). It will also spotlight recent Foreign Corrupt Practices Act (FCPA) cases and the latest proven best practices in FCPA compliance.

Conference Ends
4:30 PM

 

 

Speakers

CONFERENCE CHAIRPERSON


Patricia J. Salkin, Managing Director, Deloitte & Touche LLP, has over 25 years of experience in public accounting, private industry and consulting in multiple industries, including retail, telecommunications, pharmaceutical and healthcare. An accomplished leader, Ms. Salkin has managed large global teams and worked with multinational organizations across a wide range of enterprises. Her expertise also extends to risk assessment, control design and testing, and the evaluation of deficiencies. She is a skilled instructor who specializes in internal control topics, and currently contributes to the firm’s development of COSO implementation guidance for clients and auditors.

 

SPEAKERS INCLUDE


Ruthleona Clement, Internal Controls Compliance Lead, Bristol-Myers Squibb

Samantha Coster, Senior Director, Enterprise Risk, Internal Audit, Hilton Worldwide

Angela DePoy, Manager, PwC

Suzanne Hall, Managing Director, PwC

Rebecca Kinney, Internal Audit Director, PwC

Bill Messerle, Principal, PwC

Rebecca Mielnik, Internal Audit Manager, Hilton Worldwide

Joseph V. Moreno, Special Counsel, Cadwalader, Wickersham & Taft LLP

Jaime Phillips, Director, PwC

Gib Sorebo, Chief Cybersecurity Strategist, Leidos

Ray Vazquez, Managing Director, Enterprise Risk Management (ERM)

 

 

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