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Course Title
"Lessons Learned from the Implementation
of Sarbanes Oxley Act in the USA and the World"
Objectives:
The seminar has been
designed to provide with the knowledge and skills needed to understand and
support J-SOX and Sarbanes Oxley compliance.
Target
Audience:
This course is recommended for all managers and
professionals who need to understand and speak the specialized language of
compliance, which must become the common language
throughout their organization.
This course is
highly recommended for:
·
C – Level
Executives
·
IT and Information
Security Directors, Managers and Professionals
·
Chief Risk and
Compliance Officers
·
IT and Security
Process Owners
·
Network, System and
Security Administrators
·
IT
Auditors
·
IT, Security and
Management Consultants
Duration:
3 Days, 09:00 to
17:00 each day
Course
Synopsis:
·
The
Sarbanes Oxley Act
·
The Need
·
US federal
legislation: Financial reporting or corporate governance?
·
The Sarbanes-Oxley
Act of 2002: Key Sections
·
SEC, EDGAR, PCAOB,
SAG
·
The Act and its
interpretation by SEC and PCAOB
·
PCAOB Auditing
Standards: What we need to know
·
Management's Testing
·
Management's
Documentation
·
Reports used to
Validate SOX Compliant IT Infrastructure
·
Documentation Issues
·
Sections 302, 404,
906 and the three certifications
·
Sections 302, 404,
906: Examples and case studies
·
Management's
Responsibilities
·
Committees and
Teams
·
Project Team –
Section 404: Reports to Steering Committee
·
Steering Committee –
Section 404: Reports to Certifying Officers and cooperates with Disclosure
Committee
·
Disclosure
Committee: Reports to Certifying Officers and cooperates with Audit
Committee
·
Certifying Officers
and Audit Committee: Report to the Board of Directors
·
Control
Deficiency
·
Deficiency in
Design
·
Deficiency in
Operation
·
Significant
Deficiency
·
Material
Weakness
·
Is it a Deficiency,
or a Material Weakness?
·
Reporting Weaknesses
and Deficiencies
·
Examples
·
Case
Studies
·
Public Disclosure
Requirements
·
Real Time
Disclosures on a rapid and current basis?
·
Whistleblower
protection
·
Rulemaking
process
·
Companies Affected
·
International
companies
·
Foreign Private
Issuers (FPIs)
·
American Depository
Receipts (ADRs)
·
Types of ADR
programs
·
Employees Affected
·
Effective Dates
·
The
J-SOX
·
The Need
·
Similarities and Differences between SOX and J-SOX
·
Lessons
learned from the implementation of Sarbanes Oxley in the USA
·
Lessons
learned from the implementation of Sarbanes Oxley in the
world
·
Internal
Controls - COSO
·
The Internal Control
— Integrated Framework by the COSO committee
·
Using the COSO
framework effectively
·
The Control
Environment
·
Risk Assessment
·
Control Activities
·
Information and
Communication
·
Monitoring
·
Effectiveness and
Efficiency of Operations
·
Reliability of
Financial Reporting
·
Compliance with
applicable laws and regulations
·
IT Controls
·
IT Controls and
Sarbanes Oxley Act Relevance
·
Program Development
and Program Change
·
Deterrent,
Preventive, Detective, Corrective, Recovery, Compensating, Monitoring and
Disclosure Controls
·
Layers of
overlapping controls
·
Compliance
Challenges
·
Scope
of Sarbanes Oxley Project
·
Discussing the scope
with the external auditors
·
Assumptions
·
In or out of
scope?
·
Is it relevant to
Sarbanes Oxley?
·
Using SOX as an
excuse
·
Computer Forensics
Investigation?
·
Business
Intelligence?
·
Business Continuity
and Disaster Recovery?
·
Third-party
service providers and vendors
·
Redefining
outsourcing
·
Outsourcing services
and Sarbanes Oxley compliance
·
The new definition
of outsourcing
·
Outsourcing after
Sarbanes Oxley
·
Offshore outsourcing
is also redefined
·
Key risks of
outsourcing
·
What is needed from
vendors and service providers
·
SAS
70
·
Type I, II
reports
·
Advantages of SAS 70
Type II
·
Disadvantages of SAS
70 Type II
·
Working with vendors
and service providers
·
Sarbanes Oxley and
other compliance projects
· Integrating SOX with
J-SOX
·
Multinational
Enterprises (MNEs) and Compliance
·
Common elements and
differences of compliance projects
·
New
standards and Due Diligence challenges
·
Internal and
External auditors, SOX and J-SOX
·
The board of
Directors, SOX and J-SOX
·
From Sarbanes Oxley
to J-SOX
The Instructor
George Lekatis is a senior risk and compliance
consultant, certified trainer, and general manager of Compliance LLC, a
leading international provider of Sarbanes Oxley and Basel ii training and
consulting in more than 30 countries.
George
has more than 17,000 hours experience as a
professional speaker and seminar leader. Has worked for more than 11 years
as a management consultant and educator and has demonstrated exceptional
presentation and communication skills.
About Compliance LLC (www.compliance-llc.com )
Compliance LCC (incorporated in Delaware, USA)
is a leading international provider of Sarbanes Oxley and Basel ii
compliance consulting and training.
We work in more than 30 countries, providing
excellent personalized solutions to companies and organizations of the
private and the public sector.
The
Cost
The fee for training is US$ 9,800 for 3
days (and $ 2,000 for each additional day) - final cost (for teams from 2
to 50), includes tax, expenses, hotels, flights, everything.
$ 4,900 (50%) due 30 days before the
first day of the class and $ 4,900 (50%) due the last day of the class.
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