ICFR Lessons Learned & Leading Practices—An Industry Panel Discussion Webinar (1 Hour)

Overview: 

This roundtable discussion, led by Big 4 leaders and industry experts, will examine how financial professionals can optimize their current and future SOX life cycles. You will discover ways to improve risk assessment and efficiency, identify controls, enhance cybersecurity and implement new technology to modernize your SOX program. Topics include:

  • SOX integration
  • Internal audit functions
  • Acquisitions
  • Working with external auditors
     
Objective: 

Big 4 leaders and industry experts will give financial professionals insights and proven best practices for meeting the common challenges of the SOX program life cycle.

 

MODERATORS:

Sherrie Gay, Senior Manager, Ernst & Young LLP

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

 

PANELISTS:

Steven Brouwers, Director, Finance, Compliance & Process Improvement, Quaker Houghton

Hongwei Chen, Director, Internal Audit, NRG Energy

Anish Patel, Executive Director, Internal Audit & Internal Controls, Laureate International

 

Emphasis: 
  • SOX Integration
    – Internal Audit functions
    – Business procedures
  • Acquisitions
    – Risks and compliance
    – Due diligence
    – Compliance timeline
    – IT systems limitations
  • Identifying Controls
    – Accountability
    – Certifications
    – Awareness training
    – Individual performance
  • IT Systems
    – Scoping
    – Cybersecurity
    – Risk assessment
    – Budgeting
    – Identifying new systems
  • User Access Reviews
    – Segregation of Duties (SOD)
    – Business process controls
    – Training
    – Intelligence Processes Automation (IPA)
  • IPE Technology
    – Key reports
    – Testing strategies
    – Aligning with auditors
  • Increasing Efficiency of SOX Programs
    – GRC tools
  • External Auditor Reliance
    – Aligning goals
    – Transparency
    – ESG disclosure
      – SEC requirements
     
Bottom
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
1.50
NASBA Field of Study: 
Accounting