SARBANES-OXLEY – COSO-BASED METHODOLOGY TO ASSESS, TEST AND DOCUMENT INTERNAL CONTROLS FOR SOX SECTION 404 COMPLIANCE

A One-day intensive seminar

BOSTON: February 21, 2006   – SAN FRANCISCO: March 10, 2006

BACKGROUND

Section 404 of the Sarbanes-Oxley Act stipulates that the CEO and CFO of public companies must certify to the integrity of the internal controls related to financial reporting.  It further specifies that the company’s auditors shall attest the integrity of the internal control situation in the “issuer” company.  It further requires that public companies must adhere to an acceptable control framework which should preferably be based on the COSO (CO-Sponsoring Organizations of the Treadway Commission) internal control framework. 

Applying the COSO framework requires a detailed and risk-based structured methodology to assist in compliance which is not outlined in detail in the published COSO internal control framework.

Therefore, professionals entrusted with the development and deployment of action plans for Sarbanes-Oxley (SOX) compliance need a detailed methodology to assess and test the internal controls that impact the financial reporting. 

This unique hands-on workshop provides you with a practical and proven methodology to assist you in Sarbanes-Oxley compliance in one intensive day of training.  This methodology can, in addition, be applied to all aspects of risk management in your organization.

COURSE OBJECTIVES

• To provide a practical COSO risk-based methodology to assists in assessing and testing internal controls to comply with Section 4040 of the Sarbanes-Oxley Act.
• To provide a hands-on work session of applying the methodology to a business activity/process selected by participants
• To show how to document the internal controls assessment

WHO SHOULD ATTEND

• Financial officers, controllers, accounting managers and any one responsible for developing and deploying Sarbanes-Oxley compliance programs
• Auditors (external and internal) and Information System auditors responsible for assessing or attesting to the adequacy of internal controls to meet Sarbanes-Oxley compliance
• Information Technology managers, CIOs, responsible for providing support for Sarbanes-Oxley compliance programs
• Line mangers and operational personnel who are empowered and accountable for their own internal control program to support Sarbanes-Oxley compliance
• Risk managers, consultants, legal counsel, compliance officers, and anyone connected with Sarbanes-Oxley compliance matters or risk management in general

WORKSHOP DESCRIPTION

1.   The Sarbanes-Oxley Act and its implications to internal control

2.   Requirements of Section 404 of Sarbanes-Oxley requiring a COSO framework for control and management certification of internal control

3.   A COSO-based structured methodology for assessing and testing internal control to assist in compliance

4.   Applying the COSO framework for internal control

5.   Selecting the critical business processes with the highest exposure levels

6.   How to conduct risk assessments and document internal controls using risk-based matrices

7.   How to determine the highest risk areas requiring controls and testing

8.   Hands-on workshop on controls assessment applying the methodology using cases suggested by participants

WORKSHOP FEE:

The workshop fee is $750 which includes text materials and a copy of the book: “Implications of and Compliance to Sarbanes-Oxley and Other Acts”

A discount of 10% applies to the fourth and additional participants attending the same seminar.  Attendance by company teams is encouraged.

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REGISTRATION FORM

____Please register me to attend your workshop: “SARBANES-OXLEY – COSO-BASED METHODOLOGY TO ASSESS, TEST AND DOCUMENT  INTERNAL CONTROLS FOR SOX SECTION 404 COMPLIANCE”

LOCATION: ___ BOSTON, February 21, 2006   ___SAN FRANCISCO, March 10, 2006 

Name_____________________________Position__________Dept________________

Address_____________________________City__________ST______ZIP__________

Tel:______________Email:________________Fax:____________

___Payment is enclosed         ____Invoice my Organization

Please repeat this form for each participant

A directly related one-day seminar that focuses on the overall top-down Sarbanes-Oxley compliance program and a detailed plan of action for compliance is also available

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