Internal Controls: Hot Topics & Trends Self-Study Webinar (2 Hours)

Overview: 

This self-study webinar will provide a critical 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, based on recent guidance and enforcement actions from the Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB).

Objective: 

To update financial professionals on recent SEC and PCAOB 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.

Emphasis: 
  • Governance & Oversight
    – Achieving high-level SOX
       compliance
    – Internal control implications that
       are often overlooked
    – Key challenges
    – Reassessing controls
  • Scoping, Control Environment & Execution
    – Updating scope and risk
       controls
       – Cybersecurity
       – Budgetary processes
       – Third-party service providers
       – SOX testing and technology
         (RPA, chatbots, advanced
         workflow tools)
  • Technology Enablement
    – Data analytics and visualization
       tools
    – Three lines of defense
       – Process level
       – Risk management and
          compliance
       – Internal audit
  • Continuous Program Improvement
    – End-to-end-walkthroughs
    – Centralized internal control
       activities
    – Documenting processes and
       controls
    – Management Review Controls
       (MRCs)
  • Deficiencies
    – General control
    – IT dependent manual
  • Recurring PCAOB Themes
    – IT and business process
       considerations
     

Identify the extent to which organizations navigating emerging trends tend to consider the internal control implications of those emerging trends

Recognize the most common reason companies gave for reassessing their controls

Identify the approximate percent of controls that are classified as manual

Identify the most common response to the question of how many months SOX testing covers

Identify the most prevalent technology used in SOX

Recognize the most cited challenge of using data analytics in SOX scoping, planning, execution and reporting

Recognize the most commonly cited basis used to determine in-scope IT systems

Identify the most common methodology for documenting SOX processes and controls
 

Bottom
Price: 
$129.00
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Update.

CPE Credit: 
2.00
NASBA Field of Study: 
Accounting