Internal Controls: Hot Topics & Trends Webinar (1.5 Hours)

Overview: 

This 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

     

Bottom
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Update.

CPE Credit: 
1.50
NASBA Field of Study: 
Accounting