DUBLIN–(BUSINESS WIRE)–The “SOX and Internal Controls Update” conference has been added to ResearchAndMarkets.com’s offering.
SOX and Internal Control best practices continue to evolve. Led by national accounting firm technical experts and complemented by industry panelists, the program includes a combination of lectures and interactive discussions for a deeper understanding of the topics.
Learning Objectives:
Understand the latest regulatory/best practice changes in key areas
What to expect under the new administration
Begin to assess the effects of the latest accounting standards on your SOX compliance
This event will run 8:45-4:40pm (EDT) each day.
Agenda:
Agenda: DAY 1
8:45 – 10:45
ICFR Lessons Learned and Best Practices
Common challenges in the SOX program life cycle including risk assessment and control selection and design
Controls related to significant unusual transactions
Information Used in Controls (IUC) and the use of technology to modernize the SOX program
10:45 – 11:00
11:00 – 12:15
SPACs: Internal Control Considerations
Market Trends
SPAC transaction basics
Transaction accounting and internal control considerations
12:15 – 1:00
Lunch Break
1:00 – 2:30
Industry Panel Discussion (IPE, Data Security, New Accounting Rules), Impact of COVID…
2:30 – 2:40
2:40 – 3:50
Cybersecurity Update
Ransomware
Latest attack trends
Practical examples
3:50 – 3:55
3:55 – 5:00
Robotic Process Automation (RPA) Update
Understand and control RPA risks
Getting it right from the start rather than patching later
Practical examples and cases
Agenda: DAY 2
8:45 – 10:00
ESG Trends (Environmental, Social and Governance)
Recent Market Trends
Example – Sustainability Activities
Internal Audit’s Role
What are other companies doing now?
10:00 – 10:10
10:10 – 11:25
SOX: Revenue Recognition Implications
Overview of Impact of Standard – Beyond Accounting
Changes in Information and Related Data – Quality Needs
ASC 606 Internal Control Considerations
On-going ASC 606 Controls
11:25 – 11:35
11:35 – 12:50
IT Controls
Terminology
IT general and application controls concepts
What is the in-scope IT system
How to determine what in IT to test
How many cloud/3rd party vendors?
Deficiencies
12:50 – 1:20
1:20 – 2:40
Audit Committee Panel – What is Top of Mind?
2:40 – 2:55
2:55 – 4:10
IT Risks Impacting Financial Reporting
Three dangerous trends: technology proliferation and mutating cyber attacks, regulation changes, shortages of IT risk and compliance talent
Solutions everyone should know to succeed
How to get ahead – meet with your external audit firm with these planned agenda topics
For more information about this conference visit https://www.researchandmarkets.com/r/7s4m99