Sarbanes-Oxley

The Sarbanes-Oxley Act of 2002 mandates huge changes in how companies do business. Section 404 alone has driven the spending of millions of dollars on internal control and fraud detection systems. And your audit committee has been given immense new responsibilities.

With the unforgiving oversight of the SEC and the PCAOB (Public Company Accounting Oversight Board), familiarity with Sarbanes-Oxley (SARBOX) is critically important! This workshop provides insight into what Sarbanes-Oxley requires, helps you insure that processes are met, and requirements are in effect and working throughout your organization, thus avoiding serious harm and severe penalties for management and directors.

Workshop/Speech

Plan, Design, Risks and Penalties Protection

The Sarbanes-Oxley Act of 2002

Corporate governance

¨      Board of Directors and Audit Committee responsibilities

• Establishing procedures for receipt of complaints for your clients

• Composition of Audit Committees: Meeting the Sarbanes-Oxley independence criteria Duties of the Audit Committee

• Rotation periods for audit partners

¨      Auditor’s responsibilities

¨      U.S. government supervision of auditors

The Certification Requirements

¨      Section 302 certifications

¨      Section 906 certifications

¨      Section 404 internal control certifications

       Filing reports required by Section 404

       Opposition and efforts to repeal Section 404

¨      COSO framework

¨      Effective testing controls

¨      Outside auditing of controls

 Audit Committee Requirements

¨      Audit Committee Proxy Statement Disclosures

¨      What the Audit Committee must know to manage the audit

¨      What should happen during the audit and conclusion of the audit

Protecting the Audit Committee from Claims of Failure

Codes of Conduct and Ethics

• Fraud Detection and Prevention

• Performing effective internal controls reviews 

New Rules, Technological Developments and Evolving Trends

• Records retention requirements

Question and Answer Session - Hear Real-World Sarbanes-Oxley Questions Answered!