This self-study webinar will provide an update on current trends associated with a company’s internal control environment, and expectations for public companies to maintain documentation of the execution of processes and controls. Topics to be discussed include:
- SOX Program Structure/Governance
- Focus Areas & Trends
- Enablement of Automation
To update financial professionals on recent guidance and enforcement actions that impact the internal control environment, as well as expectations for public companies to maintain documentation of the execution of processes and controls.
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SOX Survey Results
– Current SOX hot topics
– Estimates and assumptions
– Segregation of duties and user access
– Fraud risk assessment
– Auditors' use of analytics and tools
– Impact of ESG on 'investor grade' information expectation
– Cyber
– Inspection themes
– Current challenges with ICFR programs - Keys to an Effective SOX Program
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Accountability & Communications
– Changes in information technology environment
– Automated testing - Integrated Risk & Assurance
- PCAOB Inspection Themes
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SOX Program Levers
– Scope of program
– Controls portfolio
– Testing assurance approach
– Operating model - Integrated Risk & Assurance
- Modernizing the Three Lines of Defense
• Identify the current relative importance of ESG reporting and sustainability matters in today’s reporting environment
• Recognize the top areas for internal audit to begin their involvement in ESG reporting
• Identify shareholder’s current expectations regarding a BOD’s role in the oversight of ESG matters
• Recognize the extent to which ESG reporting matters are currently integrated into existing governance and oversight models