SOX 404 Conference 2018: Innovation, Automation, Analytics & Internal Controls

Topic Photo

Discover the best ways to handle 2018’s toughest SOX and Risk Management Challenges.
 

SOX 404 Conference 2018: Innovation, Automation, Analytics & Internal Controls

CPE Credit: 16 Hours

Price: $1,445.00

NASBA Field of Study: Accounting

 

Overview

In this informative and interactive two-day conference, our world-class team of SOX experts will discuss and demonstrate how to effectively leverage advanced technologies to improve operational efficiency, ensure greater reporting accuracy, and reduce the cost of SOX compliance.

Our comprehensive, all-new agenda will address how companies are innovating their end-to-end SOX lifecycle through analytics and automation, rethinking the branding and communications of their SOX program to start reinvigorating support and execution, and dealing with common ICFR challenges and leading practices relating to implementing the new accounting standards and the recent Tax Cuts and Jobs Act of 2017.

You’ll also have the opportunity to pose your questions directly to industry panelists from leading companies.
 

AGENDA HIGHLIGHTS

•  Regulatory Trends

•  Innovation Through Analytics and Automation

•  Panel Discussion: SOX Insights, Including Innovation in the SOX Program


•  A Practical Approach to Automation of Testing

•  Innovation of SOX through Branding and Communications

•  Cybersecurity—Latest Hot Topics and AICPA Update

•  Internal Controls Relating to the Tax Cuts and Jobs Act of 2017 (the “Act”)


•  Internal Controls Relating to Implementing the New Leases Standard (ASC 842)


•  Revenue from Contracts with Customers ASC 606; Internal Controls Lessons Learned

•  Entity Level Controls—Why Effective ELCs are Foundational

•  SEC Enforcement and FCPA Compliance

 

LEARNING OBJECTIVE  This conference 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-Live.

 

This program is also available via live webinar
SOX 404 Conference 2018: Innovation, Automation, Analytics & Internal Controls Webinar

Agenda

DAY ONE AGENDA*


Deluxe Continental Breakfast & Registration
8:00 – 8:45 AM

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

Regulatory Trends
9:00
 – 10:15 AM
The SEC and PCAOB continue to focus on Internal Controls over Financial Reporting (ICFR). This session will provide an overview of the specific ICFR areas that continue to be on the SEC’s and PCAOB’s radar. Topics include:  


Examples of recent SEC comment letters on ICFR 

PCAOB inspection findings 

Reported material weakness data

Risk assessment

• Management review controls


Reports used in controls

Break

10:15
 – 10:30 AM

Innovation Through Analytics & Automation
10:30 – 11:45 AM

This interactive presentation will feature a discussion and demonstrations of how companies are innovating their end-to-end SOX lifecycle through leveraging advanced technologies, such as analytics and automation, and include strategic considerations to support their use.

Luncheon

11:45 AM – 12:45 PM

Panel Discussion: SOX Insights, Including Innovation in the SOX Program

12:45 – 2:00 PM

This roundtable panel discussion will be moderated by a Big 4 accounting leader, and feature industry practitioners, who will provide insights on today’s hottest risk management and SOX compliance topics. In this highly interactive session, we encourage attendees to share their real-world experiences and gain insights into their biggest challenges from the nation’s leading SOX authorities. Our panelists will discuss:


Innovations in internal controls—what leading-edge companies are doing today, and are planning for
 
  the future

The impact of the heightened regulatory focus on ICFR

• New Standard implementation—insights from the front lines 

• Cybersecurity and its impact on ICFR

• Financial statement risk assessment: common challenges and leading practices

Break

2:00 – 2:15 PM

Panel Discussion: SOX Insights, Including Innovation in the SOX Program
 (continued) 

2:15 – 3:00 PM

A Practical Approach to Automation of Testing

3:00
 – 4:00 PM

In today’s digital environment, automation and emerging technologies can greatly improve the effectiveness and efficiency of governance functions (IA, Ops & IT Risk, Compliance). However, the integration of automation to support and complement management’s testing programs can present challenges. This session will dive into the practical approach of automating testing and discuss ways to overcome potential barriers. We will discuss leading practices on how these functions can approach this challenge in a meaningful and practical way. Topics include the following:

What are some concerns and challenges governance functions / management are facing to automate
  their testing environments?

What is the most effective way that governance functions can drive the transformation of their testing
  programs from a manual “check the box” exercise to an automated, value-driven program?

How can these functions demonstrate enhanced value to their organization by implementing an
  effective automated testing strategy?

Innovation of SOX Through Branding & Communications

4:00 – 5:00 PM
As SOX is now in its sixteenth year of existence, it’s time for organizations to rethink the branding and communications of the program in order to start reinvigorating support and execution. We will facilitate an interactive session to discuss some specific considerations around redefining the brand and communicating the message.

Cocktail Reception
5:00 – 6:00 PM

 

DAY TWO AGENDA*


Deluxe Continental Breakfast
8:00 – 8:30 AM

Opening Remarks

8:30
 – 8:45 AM

Cybersecurity—Latest Hot Topics & AICPA Update  
8:45
 – 10:00 AM

Cybersecurity Risk Management Examination: Raising the Bar for Cyber Risk Management Oversight & Reporting

With the proliferation of cybercrime, organizations are under intense pressure from stakeholders to respond to inquiries about the effectiveness of their cybersecurity risk management programs. The pressure is compounded by the reality that there is no single approach for reporting on such programs and related controls. In response, cybersecurity risk management examination guidance related to cyber risk reporting and disclosures has been developed. The new AICPA cybersecurity risk management examination attestation reporting framework is intended to expand cyber risk reporting to address the marketplace need for greater transparency.
 During this session, we’ll discuss:


The evolving cyber threat landscape

Regulatory and compliance drivers
 (SEC, NYDFS)
AICPA cybersecurity risk management examination reporting/framework

Break

10:00
 – 10:15 AM

Internal Controls Relating to the Tax Cuts and Jobs Act of 2017 (the “Act”)

10:15
 – 11:15 AM

As companies work to adopt changes impacting income taxes affected by certain key provisions in the Act, it is critical that internal control considerations be front and center. This session will discuss certain considerations with respect to internal control considerations related to the Act. We will discuss:
Common ICFR areas impacted by the Act

Common ICFR challenges and leading practices
Evaluating material changes in ICFR for required disclosures in accordance with Regulation S-K,
  Item 308(c)

Internal Controls Relating to Implementing the New Leases Standard (ASC 842)
11:15 AM
 – 12:15 PM

For the first time, public companies will be required to recognize the majority of leases as assets and liabilities on their balance sheets for all financial reporting after December 15, 2018. Non-public companies have an extra year, but the compliance deadline for the New Standard—known as ASC 842—is now a focus of many accounting departments. Four major challenges for meeting the new standard have been focused on by companies: (1) set new accounting policy; (2) collect lease data; (3) select a software solution for reporting; and (4) implement new processes to manage lease data going forward. As companies work to adopt the changes due to the New Leases Standard, it is critical that internal control considerations be front and center as an area of focus, as management works through the key challenges. This session will discuss internal control considerations related to the New Leasing Standard, including:

Evaluating material changes in ICFR for required disclosures in accordance with Regulation S-K, Item
  308(c)

Common ICFR challenges and leading practices

Luncheon

12:15
 – 1:00 PM

Revenue from Contracts with Customers ASC 606; Internal Controls Lessons Learned
1:00
 – 2:15 PM

Internal control considerations related to changes in the Revenue Recognition Standard (ASC 606) present significant challenges to many companies. During this session, we will discuss lessons learned from early filers and leading practices, including a review of the filing statistics to date (disclosure of material weaknesses or significant changes in ICFR) and SEC comment letters.

Break

2:15 – 2:30 PM

Entity Level Controls—Why Effective ELCs are Foundational

2:30
 – 3:30 PM

Supporting an organization’s efforts to achieve objectives are the five components of internal controls of the Committee of Sponsoring Organization of the Treadway Commission Internal Control—Integrated Framework of 2013 (“COSO 2013 Internal Control Framework"): 
Control environment

Risk assessment
Control activities
Information and communication
Monitoring
Organizations design and implement Entity Level Controls (ELCs) for the 5 components and 17 principles. These controls are table stakes for an effective system of internal control.
For example, news making headlines of troubles with well know companies often times have an underlying root cause in ineffective ELCs. These ELC deficiencies can have a significant brand and reputational impact on a company, draw focus from the regulators, and result in an increase cost of compliance, including remediation and audit costs.
During this session, we will provide a refresh of COSO 2013 Internal Control Framework and discuss the importance of effective ELCs and examples of the impacts of ineffective ELCs. 

SEC Enforcement & FCPA Compliance
3:30
 – 4:45 PM

Recent trends in SEC enforcement

• Scrutiny of Internal Control over Financial Reporting (ICFR)

• Leading practices in FCPA compliance

Conference Ends

4:45 PM

 

* PLEASE NOTE: Session topics and times are subject to change based on location and speaker availability. Please call 1-800-544-1114 for specific agenda details.

 

This program is also available via live webinar
SOX 404 Conference 2018: Innovation, Automation, Analytics & Internal Controls Webinar

Speakers

CONFERENCE CO-CHAIRS


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.

Tushar Sainani, CISA, Senior Manager, Deloitte & Touche LLP
 

CONFERENCE SPEAKERS


Jeffrey Ambrose, Senior Director, Internal Audit, CVS Health

Jennifer Burns, Partner, Deloitte & Touche LLP

Tony DiLiberto, Manager, Deloitte & Touche LLP

Andy Flach, Associate Director, Internal Audit and Financial Advisory, Protiviti

Amy Groves, Senior Manager, Deloitte & Touche LLP

Sajeel Kapahi, Senior Manager, Deloitte & Touche LLP

Geoff Kovesdy, Senior Manager, Deloitte & Touche LLP

Susan Markel, Managing Director, AlixPartners, LLP

Chirag Sheth, Senior Manager, Grant Thornton LLP

Parag Thakkar, Senior Manager, Deloitte & Touche LLP

Robyn Wagner, Senior Manager, Deloitte Consulting LLP

Chris Wright, Regional Managing Director, Protiviti

 

This program is also available via live webinar
SOX 404 Conference 2018: Innovation, Automation, Analytics & Internal Controls Webinar

 

Workshop

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Location

CPE INC. has reserved a block of rooms at preferential rates. To make your hotel reservation,
call CPE INC. or the hotel’s reservation department and ask for the CPE INC. special room rate.

 

Sheraton Tysons Hotel
8661 Leesburg Pike
Tysons, VA 22182
(703) 448-1234

 

This program is also available via live webinar
SOX 404 Conference 2018: Innovation, Automation, Analytics & Internal Controls Webinar

 

Increase your savings by taking our pre-conference workshop. Pricing is as follows:

Conference: $1445
Workshop: $595
Conference & Workshop: $1850

In addition to these discounts, you may be entitled to Early Bird and Customer Loyalty Discounts.
To take advantage of these discounts, please enter your reference number at checkout.