This self-study webinar will provide an update on current trends associated with a company’s internal control environment, and expectations for companies to maintain documentation of the execution of processes and controls. Topics to be discussed include:
- Internal Control Trends
- SEC and PCAOB Topics
- SOX Program Structure
To update financial professionals on recent guidance and enforcement actions that impact the internal control environment, as well as expectations for companies to maintain documentation of the execution of processes and controls.
SPEAKER:
Paige Woolery, Managing Director, Internal Audit & Enterprise Risk, KPMG LLP
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The SOX Function
– Management controls
– Financial control
– Internal audit - First Line Optimization
- Controls Execution & Testing
- Risk Assessment
- Understanding Data Flows
- Testing Strategy
- Direct Entity Level Controls
- Culture & Education
- Integrated Assurance
- Material Weakness Trends
• Identify common Critical Audit Matters
• Recognize the financial statement areas with frequent audit deficiencies
• Identify current PCAOB hot topics
• Recognize the members within an organization that business and risk management should be communicated to
• Identify the five themes of the SEC’s cybersecurity rule
• Recognize the area of a control audit that incurs the least percentage of time
• Identify a third line of defense in an organization’s control environment
• Recognize the impact of utilizing technology and analysis techniques during a control audit