This webinar will enhance your knowledge of SOX Section 404 (Sarbanes-Oxley Act Section 404) by helping you understand the elements of an internal controls system. Internal controls are a key part of any organization's continued growth, performance and success. With fraud at an all-time high, a well-designed internal control structure will enhance operations by improving your department's overall security and effectiveness. SOX Section 404 mandates that all publicly-traded companies must establish internal controls and procedures for financial reporting and must document, test and maintain those controls and procedures to ensure their effectiveness.
This world of globalization requires businesses to become more competitive by reducing resource wastefulness, and setting directions and goals. An internal control management system will assist your company with optimization of these processes.
In this webinar, participants will learn the processes of internal controls formulation and implementation including how to develop steps for internal controls, the internal control process, how to develop tools for testing and maintaining internal controls, and how to benefit from these tools. This course will help find the dots and connect them relating to internal controls.
Why Should You Attend:
All annual financial reports must include an internal control report stating that management is responsible for an adequate internal control structure, and an assessment by management of the effectiveness of the control structure. Any shortcomings in these controls must also be reported. In addition, registered external auditors must attest to the accuracy of the company management assertion that internal accounting controls are in place, operational and effective. Management knows that without an effective internal control system in place, the organization may be open to fraudulent transactions, theft, hefty fines, penalties, stricter government laws and rules.This world of globalization requires businesses to become more competitive by reducing resource wastefulness, and setting directions and goals. An internal control management system will assist your company with optimization of these processes.
In this webinar, participants will learn the processes of internal controls formulation and implementation including how to develop steps for internal controls, the internal control process, how to develop tools for testing and maintaining internal controls, and how to benefit from these tools. This course will help find the dots and connect them relating to internal controls.
Learning Objectives:
- Learn how to present ideas in financial terms for greater impact
- Gain confidence with establishing controls
- Understand fundamentals of internal controls
- How to increase your competitive position by understanding the processes
- How to analyze internal controls
- Learn fundamentals of internal controls
Areas Covered in the Webinar:
- Necessity of planning internal controls
- How to evaluate your systems' strengths and weaknesses
- Characteristics of successful internal controls system
- How to limit risks and ERM process
- How to outline an internal control plan
- Processes, objectives, components and requirements for effective controls
- Put into practice the 17 principles of internal controls
- Learn the 5 elements of internal controls to help prevent fraud
- Learn SAS requirements for internal controls
- COSO, Cobit and SAC outlines and checklists
- Help employees, individuals, supervisors, managers and executives assess controls
Who Will Benefit:
- Managers
- Supervisors
- Team/Section Leaders
- Department Heads/Managers
- Employees
- Compliance Officers
- Accountants
- Branch Managers
- AP Managers
- Anyone who wishes to increase or refresh their knowledge of internal controls
Speaker
David SandersCourse Provider
David Sanders,
