Course Outline
Day 1: Fundamentals of Sarbanes-Oxley (SOX)
Seminar - 8CPEs/CPDs hours
All attendees shall receive the US$50 SOX guidebooks!
Coverage:
This module on the Fundamentals of Sarbanes-Oxley (SOX) covers a comprehensive understanding of the critical sections of the Act including CEO/CFO Certifications (302), Internal Controls (404), Whistleblowing (806), Audit Committees (201) etc., as well as an introduction to industry frameworks
like COSO and COBIT. Introduction to SAS 70 for service providers.
| 8:30 |
Registration |
| 9:00 |
Introduction and Expectations |
| 9:30 |
History and Impact of SOX Events leading up to the Act |
| 10:00 |
Key Components of the Act
The role of the SEC and PCAOB Consequences for business |
| 10:30 |
Morning Tea Break |
| 10:45 |
SOX and Other Regulations |
| 11:00 |
Critical Sections of SOX Act including 302, 404, 409, 806, 301 |
| 12:00 |
CEO/CFO Disclosure, Certification Internal Controls, Assertions, Risk |
|
| 12:30 |
Lunch and Networking |
| 1:30 |
Frameworks and Methodologies COSO, COBIT, ISO 17799, ITIL |
| 3:00 |
Afternoon Tea Break |
| 3:15 |
SOX for Foreign Issuers, SAS 70 |
| 4:00 |
Entire SOX Compliance Roadmap |
| 5:00 |
Conclusions, Q&A and Wrap-Up |
| 5:30 |
Day Ends |
| |
|
|
Day 2: Implementing Sarbanes-Oxley (SOX) Section 404 Workshop
Workshop - 8CPEs/8CPDs
All attendees shall receive the US$75 book on “The Sarbanes-Oxley Section 404 Implementation Toolkit: Practice Aids for Managers and Auditors with CDROM” by Michael Ramos!
Coverage:
This module on Implementing Sarbanes-Oxley (SOX) Section 404 Workshop helps you to understand significant accounts, entity- and activity-level controls, application-
and IT-general controls. How to design and document both preventive and detective controls. Focus on Internal Controls over Financial Reporting. Practical examples and sample exercises for class participants.
| 8:30 |
Registration |
| 9:00 |
Review of Day One of SOX Seminar |
| 9:30 |
Sarbanes-Oxley Compliance Roadmap |
| 10:00 |
Case-Study (American Paper Co.)
Entity- and Process-level Controls
Application & IT General Controls |
| 10:30 |
Morning Tea Break |
| 10:45 |
Designing, Documenting Controls
Primary and Secondary Controls
Preventive and Detective Controls |
| 11:15 |
Deficiencies and Weaknesses Identify, isolate and remediate |
| 12:00 |
Develop and Execute Test Plans |
|
| 12:30 |
Lunch and Networking |
| 1:30 |
Breakout into Workshop Groups
Prepare Case-Study Presentation |
| 3:15 |
Afternoon Tea Break |
| 3:30 |
Present Case-Study Exercise |
| 5:00 |
Conclusions, Q&A and Wrap-Up |
| 5:30 |
Day Ends |
| |
|
| |
|
|
Day 3 : Managing a Sarbanes-Oxley (SOX) Section 404 Implementation Project Workshop
Workshop - 8CPEs/8CPDs
All attendees must bring along all Module I & II materials with them to this workshop.
Coverage
This module on Managing a Sarbanes-Oxley (SOX) Section 404 Implementation Project covers the entire 404 Compliance Roadmap with practical examples and exercises to develop a comprehensive project plan with resources, costs, timeline and team. Unified compliance. Achieving sustainable compliance for the long run. Assessing Total Cost of Compliance (TCC) and Return on Investment (ROI).
| 8:30 |
Registration |
| 9:00 |
SOX Compliance Roadmaps |
| 9:30 |
Understanding Project management and SOX Compliance Implementation |
| 10:30 |
Morning Tea Break |
| 10:45 |
Achieving Sustainable Compliance From a Project to Ongoing Process |
| 11:15 |
Detailed SOX Project Management |
| 12:00 |
Initiate Case-Study Discussion |
|
| 12:30 |
Lunch and Networking |
| 1:30 |
Conduct Case-Study Exercise Plan
and Scope.
Documentation
Management and Testing, Audit
Analyze Resources, TCC and ROI |
| 3:15 |
Afternoon Tea Breaks |
| 3:45 |
Present Case-Study Exercise |
| 5:00 |
Conclusion, Q&A and Wrap-up |
| 5:30 |
Day Ends |
|
