Overview:
The SEC and PCAOB continue to focus on Internal Controls over Financial Reporting (ICFR). This program will provide an overview of specific ICFR areas that remain on their combined radar, with an emphasis on:
- The PCAOB's Standard setting agenda
- Proposed impact of ESG disclosures
- SPAC trends and current landscape
Objective:
To provide financial professionals with updates on the latest rules and regulations for Internal Controls over Financial Reporting (ICFR) that will impact their current and future SOX programs.
SPEAKERS:
Ali Gee, Partner, Audit & Assurance, Deloitte
Lindsay Rosenfeld, Managing Director, Audit & Assurance, Deloitte
Emphasis:
- SEC Organizational Update
-
SEC Key Development Areas
– SPACs
– Proposed rulemaking
– Inherent risks
– Internal control timeline
– SOX compliance when going
public
– Material weakness trends
– Adjustments and accounting
issues
– Personnel and resources
– IT and disclosure controls
– ESG
– Cybersecurity: SEC proposed
disclosures
– Climate proposal
– Standardization -
PCAOB
– Standard setting agenda
– Areas of focus
– Audit committee engagement
– Advisory groups
– Holding Foreign Companies
Accountable Act (HFCAA)
– Impact of COVID-19
– Audit considerations related
to the invasion of Ukraine
– Quality control
– Other auditors
– Planned research
– Audit evidence
– Data and technology
– Future Quality Control
Standard