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
- Break
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
- Break
2:40 - 3:50
- Cybersecurity Update
- Ransomware
- Latest attack trends
- Practical examples
3:50 - 3:55
- Break
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
- Break
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
- Break
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
- Lunch
1:20 - 2:40
- Audit Committee Panel - What is Top of Mind?
2:40 - 2:55
- Break
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
