This Sarbanes-Oxley Section 404 compliance training will discussed recent developments in the SEC guidance.
Although there are still a number of requirements for smaller public companies and non accelerated filers must comply with SOX 404 this year, the Guidance has clarified what is meant by a right-sized, top-down, risk-based management assessment under Section 404 of the Sarbanes-Oxley Act. Particularly helpful was the PCAOB auditing standard revision removing the requirement of auditor's attestation of management's report. Auditors will not report on the effectiveness of management's assessment, but will report on the effectiveness of the controls alone. The SEC’s Interpretive Guidance on Internal Controls over Financial Reporting has just lifted a great burden off of CPAs, Attorneys, Officers and Directors in the SB-2 and 10KSB regulatory regime this is a great burden lifted for both management and CPAs.
Although there are still a number of requirements for smaller public companies and non accelerated filers must comply with SOX 404 this year, the Guidance has clarified what is meant by a right-sized, top-down, risk-based management assessment under Section 404 of the Sarbanes-Oxley Act. Particularly helpful was the PCAOB auditing standard revision removing the requirement of auditor's attestation of management's report. Auditors will not report on the effectiveness of management's assessment, but will report on the effectiveness of the controls alone. The SEC’s Interpretive Guidance on Internal Controls over Financial Reporting has just lifted a great burden off of CPAs, Attorneys, Officers and Directors in the SB-2 and 10KSB regulatory regime this is a great burden lifted for both management and CPAs.
Areas Covered in the seminar:
Topics that will be discussed in the webinar include the recent developments in the SEC guidance:- Concepts of Risks (COSO, Enterprise and Fraud)
- Multiple location and scope limitation considerations
- Financial Reporting Risks (GAAP, Estimates, Disclosures)
- Entity-Level Controls (COSO, Management Overrides)
- Information Technology General Controls (General Controls)
- Evidence of the Operating Effectiveness of ICFR (Process)
- Evaluation of Control Deficiencies and Material Weaknesses
Who Will Benefit:
- SOX Analysts
- SOX consultants
- Internal auditors
- CPAs
- CFOs
- Officers and Directors, Attorneys
- Controllers
- VP Finance
- CIOs
- Chief Compliance Officers
- Programmers and Analysts
- T staff & IT consultants
Course Provider
Bob Benoit,
