To help CPAs and other finance professionals enhance their understanding of current internal control expectations and improve oversight of financial reporting and compliance processes.

• Regulatory updates
• Internal control hot topics
  – SOX program considerations
  – Risk assessment process and focus areas
  – Understanding data flows and risks
  – Common issues
• PCAOB inspection themes and focus areas
• Technology and automated controls

Subash Samuels, Partner, US Internal Audit and Compliance, KPMG LLP

To help CPAs and other finance professionals enhance their understanding of current internal control expectations and improve oversight of financial reporting and compliance processes.

DETAILED LEARNING OBJECTIVES

• Identify current SEC regulatory priorities related to capital formation and market structure

• Understand SEC expectations for effective disclosure control procedures and tailored corporate disclosures

• Recognize common statement of cash flows issues highlighted by regulators and standard setters

• Understand the role of technology in enhancing internal control effectiveness and monitoring

• Identify PCAOB inspection trends related to accounting estimates and fair value measurements

• Recognize risks associated with overreliance on manual internal controls

• Understand key components of ICFR scoping and enterprise risk assessment processes

• Identify emerging PCAOB inspection priorities and risk-based audit focus areas

• Regulatory updates
• Internal control hot topics
  – SOX program considerations
  – Risk assessment process and focus areas
  – Understanding data flows and risks
  – Common issues
• PCAOB inspection themes and focus areas
• Technology and automated controls

Subash Samuels, Partner, US Internal Audit and Compliance, KPMG LLP