SOX 404 Conference 2020: Modernizing Internal Controls to Unlock Hidden Value

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Discover the best ways to handle 2020’s toughest SOX and Risk Management Challenges.
 

SOX 404 Conference 2020: Modernizing Internal Controls to Unlock Hidden Value

CPE Credit: 16 Hours

Price: $1,445.00

NASBA Field of Study: Accounting

 

Overview

At this innovative, one-of-a-kind conference, you’ll discover solutions to today’s toughest SOX and risk management challenges, including ways to employ cutting-edge technology, improve operational efficiency, and ensure greater reporting accuracy to reduce the cost of your SOX compliance.

Led by preeminent SOX authorities and Big 4 members, this comprehensive program covers strategies for optimizing 302 certification, the pros and cons of Robotics Process Automation, operational changes to ICFR, how to leverage data sets for external audits, recent trends in SEC enforcement, and much more.

In addition, you’ll have the opportunity to pose your questions directly to the experts at our interactive SOX and ICFR industry panel discussions.
 

AGENDA HIGHLIGHTS

•  Regulatory Trends: Recent Trends That Will Impact 2020 SOX Programs

•  Robotics Process Automation—Internal Control Over Financial Reporting Considerations

•  Audit Committee’s Role in Financial Reporting & Oversight

•  Optimizing & Modernizing 302 Certification Process

•  Remediating Material Weaknesses, Significant Deficiencies & Control Deficiencies—Practical
   Experiences

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

•  Internal Audit Supporting the SOX Program

•  Digital Audit Readiness—Internal Control Over Financial Reporting Considerations

•  Industry Panel Discussion: ICFR Lessons Learned & Leading Practices

•  Robotics Process Automation & Data Driven Case Study

•  Performing Cyber Risk Assessments

•  SEC Enforcement & 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 2020: Modernizing Internal Controls to Unlock Hidden Value Webinar

Agenda

DAY ONE AGENDA*


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

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

Regulatory Trends: Recent Trends That Will Impact 2020 SOX Programs
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.

Break
10:15 – 10:30 AM

Impact of COVID-19 on Complying with SEC Requirements, Including ICFR Compliance
10:30 – 11:45 AM
The rapidly developing COVID-19 outbreak is translating into significant challenges for society, and impacting governments and businesses alike with unprecedented disruptions and risks. While companies continue to evaluate the impact on operations, it is also critical to assess the impact on financial accounting and reporting to comply with SEC requirements, including ICFR compliance. With workforces, suppliers, and customers experiencing operational disruptions for the foreseeable future, companies need to consider implications on processes, controls, and financial reporting. This session will focus on the way companies are adapting their SOX programs to remain compliant during this unprecedented time.

Audit Committee’s Role in Financial Reporting & Oversight
11:45 AM – 12:30 PM
In December 2019, the SEC published a ‘Statement on the Role of Audit Committees in Financial Reporting and Key Reminders Regarding Oversight Responsibilities’. The statement, by the Chairman, Chief Accountant and Director of the Division of Corporation Finance of the SEC, highlights observations and reminders in the areas of: Tone at the Top, Auditor Independence, Generally Accepted Accounting Principles (GAAP), ICFR, Communications to the Audit Committee from the Independent Auditor and more specifically, Non-GAAP Measures, Reference Rate Reform (LIBOR) and Critical Audit Matters. This statement is a reminder of the important role Audit Committees play in financial reporting and oversight.
This session will focus on the new guidance from the SEC and discuss how it will impact the interaction between Chief Audit Executives, Heads of Internal Audit / Internal Controls, and other financial professionals with Audit Committee Members.

Luncheon
12:30 – 1:30 PM

Optimizing & Modernizing 302 Certification Process
1:30 – 2:15 PM
This session will explore methods to optimize and modernize the quarterly 302 certification process, with the objective of unlocking hidden value. Areas of discussion will include:

Identifying who should certify and what they should certify to
Implementing automation
Utilizing 302 to drive accountability
Leveraging 302 certification as a monitoring control in the annual SOX program

Remediating Material Weaknesses, Significant Deficiencies & Control Deficiencies—Practical Experiences
2:15 – 3:00 PM
Experts will provide practical advice on how to remediate Material Weaknesses, Significant Deficiencies and Control Deficiencies.

Break
3:00 – 3:15 PM

Industry Panel Discussion: SOX Insights, Including Innovation in the SOX Program
3:15 – 5:00 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.

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

Robotics Process Automation—Internal Control Over Financial Reporting Considerations
8:45 – 10:00 AM
Companies are rapidly digitalizing parts of their business through Robotic Process Automation (RPA). Although RPA may reduce unintentional or intentional human errors, the implementation of robots presents new risks that businesses need to understand and address. During this session, we will discuss a key risk presented by the rapid adoption of robots—an organization’s failure to consider the effects of these operational changes on its Internal Control over Financial Reporting (ICFR), specifically those controls over IT and the potential impact on the value created by this automation arbitrage. The session will focus on the risks and benefits associated with RPA across the three lines of defense including the following:

Considerations when automating processes and controls
Considerations when automating control testing

Break
10:00 – 10:15 AM

Digital Audit Readiness—Internal Control Over Financial Reporting Considerations
10:15 – 11:00 AM
This session will focus on how to leverage data sets that are typically needed for external audit requirements by the SOX group to assess risk and perform monitoring.

Industry Panel Discussion: ICFR Lessons Learned & Leading Practices
11:00 AM – 12:15 PM
This roundtable discussion covers lessons learned and leading practices related to common challenges in the SOX program life cycle, including risk assessment, control selection and design, controls related to significant unusual transactions, Information Used in Controls (IUC) and the use of technology to modernize the SOX program.

Luncheon
12:15 – 1:15 PM

Robotics Process Automation & Data Driven Case Study
1:15 – 2:15 PM
Deeper dive with examples on using RPA to modify processes and controls and perform testing and using data to monitor control performance.

Break
2:15 – 2:30 PM

Performing Cyber Risk Assessments
2:30 – 3:30 PM
Organizations risk exposure is constantly changing due to changes in business, technology, regulatory requirements, and the cyber threat landscape. In this environment, it is important for organizations to obtain an understanding of their current risk and controls profile by conducting ongoing cybersecurity risk and controls assessments. This enables organizations to better understand risks for its highest criticality assets, establish an effective and sustainable risk and control assessment program, adhere to applicable regulations, and establish the foundation to drive a risk-aware culture.

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

Recent trends in SEC enforcement
Scrutiny of Internal Controls 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 2020: Modernizing Internal Controls to Unlock Hidden Value Webinar

Speakers

CONFERENCE SPEAKERS


Adam Ardakanian, Advisory Senior Manager, Ernst & Young LLP

Dennis Ethier, Director of Internal Audit, Xerox Business Solutions

Marie Kish, Partner, Assurance and Advisory, Ernst & Young LLP

Dan Leifer, Manager, Internal Controls and Compliance, MITRE

Elysa Lipsky, Executive Director, Internal Controls, Laureate International

Arthur Marshall, Audit Partner, Ernst & Young LLP

Sreeparna Mitra, Principal, Advisory Services, Ernst & Young LLP

Aileen Morrisey, Manager, Global Internal Controls, Laureate International

Roby Palakudy, Manager, Global Risk, General Dynamics

Chirag Parikh, VP, Enterprise Risk Managment and Internal Audit, Comscore Inc.

Jeff Tannenbaum, VP, IT Compliance, Laureate International

Kendy Thompson, Senior Manager, Global Internal Audit Operations, Ernst & Young LLP

 

This program is also available via live webinar
SOX 404 Conference 2020: Modernizing Internal Controls to Unlock Hidden Value Webinar

Workshop

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Forum

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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.

 

Hilton McLean Tysons Corner
Worldwide Corporate Flagship Hotel
7920 Jones Branch Drive
McLean, VA 22102
(703) 847-5000

 

This program is also available via live webinar
SOX 404 Conference 2019: Modernizing Internal Controls to Unlock Hidden Value Webinar

 

 

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

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