Internal Controls for SOX and COSO 2013 Compliance
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has finished updating the "Internal Control Integrated Framework (ICIF). It has released four volumes of new documentation. The new guidance is slated to go into effect for all year-ends after December 15, 2014.
You can purchase the COSO documents from the AICPA Book Store. To purchase click here.
This training seminar covers the best practices for establishing and sustaining internal control for any organization including public companies under Sarbanes-Oxley (SOX). This one-day seminar includes sustaining SOX compliance and the latest guidance from the SEC, PCAOB, COSO and COBIT.
This training seminar is one of several seminars and workshops we present concerning compliance with the Sarbanes-Oxley Act. This seminar provides a timely, one-day summary designed for controllers, C-level executives, finance managers, attorneys, IT professionals, CPAs, auditors and department heads. Learn how organizations can create and sustain internal control over financial reporting (ICFR). Your goal may be to comply with Sarbanes-Oxley Section 404 or to sustain your internal controls as a "Best Practice" without breaking your budget. Improve your situation by having a comprehensive set of internal controls!
Cost of this seminar is $495 per attendee. Each attendee will receive 8 hours of CPE credit. A certificate of completion will be provided.
To reserve your space click on the Sign-up Now and fill out a registration form and use a Buy Now Button to pay the fees.
Upcoming Internal Controls for SOX and COSO 2013 Compliance:
||This Seminar is presented when requested
Refer to our Seminar Cities Index for a list of our seminar locations. The individual city
pages provide a listing of topics being present. Our Seminar Cities by Week provides a
guide to the locations during a calender week.
Benefits of Attending
The basic benefit from this seminar is coming away with an understanding how a sustainable internal control framework mitigates risks to the continued health of the organization.
Sustainable internal control frameworks deliver to an organization: accountable governance, increasingly effective operations, highly reliable financial reporting, and sector-leading compliance programs. The Internal Auditors' (IIA) Research Foundation details the significant benefits from internal control improvements brought about by Section 404 of Sarbanes-Oxley:
- It added structure in the year-end closing process and recording of journal entries, resulting in recognition of the additional complexity in these areas.
- It increased anti-fraud activities, including defined processes, which include responsibility for follow-up.
- It improved the documentation of controls and control processes evaluation.
- It improved the definition of controls across the organization, including the crucial relationship between these controls and risk.
- It spurred a return to the foundation of basic controls (e.g., segregation of duties, periodic reconciliation of accounts, and authorization processes) that had eroded as organizations downsized or consolidated operations in order to drive costs down and remain competitive.
This seminar provides a complete overview of a sustainable internal control framework. This knowledge can be used by organizations to derive additional value from the improvement of their internal control framework. The value is created by leveraging the knowledge base built during the assessment process, documentation development, controls testing and the relationships defined across governance processes and business operations to create measurable value.
Three areas of particular focus in the seminar are value enhancement of governance controls, top-down risk management and keeping business process and activity controls in their proper context.
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- Top Ten Internal Controls
- Top Down Risk Based Approach to the Internal Control Framework
- The Importance of Internal Controls in Mitigating Risk for Your Company
- Best Practices Learned from the Sarbanes-Oxley Act
- Internal Control Frameworks of COSO and COBIT
- Risk Management, Business Process Management, and Key Controls
- Testing the Effectiveness of Internal Controls
- Preventing and Detecting Corporate Fraud
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- Attendees will be able to define the term "internal control" and will be able to differentiate between "key" controls" and "non-key" controls
- Attendees will be able to describe the "top-down, risk-based" approach to assessing internal control, and be able to compare this approach to their current approach
- Attendees will be able to classify the types of internal controls to manage business operations
- Attendees will be able to identify the compliance requirements of the Sarbanes-Oxley Act and apply the best practices to their current practice
- Attendees will be able to list the current and future accounting and auditing standards and their impact on US companies
- Attendees will define how internal controls can manage risk, reduce fraud and increase profits
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Internal Control & CPA Focused Training Seminars
Corporate Compliance Seminars presents two families of professional continuing education (CPE) seminars:
Internal Control & CPA Focused Training Seminars (Details)
Internal Auditor Focused Training Seminars (Details)
The internal control seminars we present can benefit a variety of attendees:
- Non-accelerated filers who may just be getting their documentation underway for Section 404 compliance,
- Public companies looking to improve their effectiveness and efficiency of their Section 404 compliance,
- Nonprofit organizations, governmental agencies and other groups that want to improve the integration of their governance, risk and compliance (GRC) efforts,
- Executives and Board of Directors members who can gain insights from our "Best Practices" examples to really understand SOX Section 404,
- Anyone finds practical advice from our real-world experience with the implementation of internal controls over financial reporting (ICFR).
The internal audit seminars we present can benefit a variety of attendees:
- The new internal auditor can be oriented to the profession and the work,
- Auditors looking for improvements in their approach and knowledge,
- Professionals looking to improve the content of their workpapers and the impact of audit reports,
- Any organization that desires to improve the effectiveness of their internal audit department,
- Audit Managers looking for education concerning current audit issues,
- Practical advice based on our real-world experience with being the auditee, an internal auditor and an external auditor.
Experts Providing Training Seminars
Corporate Compliance Seminars was founded by experts who enjoy researching and providing classroom training, workshops and consulting on internal controls, auditing, compliance and accounting related subjects. We focus on SOX, COSO, PCAOB, COBIT, GRC, risk management, IFRS and IIA Standards.
Corporate Compliance Seminars allows an attendee to earn Official NASBA CPE credit while examining the details of the Sarbanes-Oxley Act of 2002 (SOX), Internal Controls over Financial Reporting (ICFR), Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control Frameworks, ISACA's Control Objectives over Information Technology (COBIT), Information Technology Infrastructure Library (ITIL), Open Compliance & Ethics Group's (OCEG)Governance, Risk & Compliance (GRC) methodology, PCAOB's Auditing Standard 5 (AS5), and the future conversion from GAAP to the International Financial Reporting Standards (IFRS).
Our training seminars provide CPE For CPAs, CFEs, CIAs, CISAs, auditors and others with effective and engaging educational training.