SOX Update
Overview:
Sarbanes-Oxley continues to be an item of interest on the radar of most corporate accountants and finance directors. The Knowledge Congress has scheduled an update for March of 2008 to its successful June SOX event. On the agenda, will be up-to-the-minute changes and real-world examples of the ups and downs of SOX implementation particularly as it pertains to smaller publicly traded firms. Includes discussion of Sections 302 and 404 and "significant deficiency".Agenda:
SEGMENT 1:Event Chair
<strong id="ep-name-of-speaker">Mr. Toby Lucich, Publisher,</strong>
<em id="ep-speaker-firm">Inside Sarbanes Oxley</em>
- Opening Remarks
SEGMENT 2:
<strong id="ep-name-of-speaker">Mr. Keith Wilson, CPA, Associate Chief Auditor</strong>
<em id="ep-speaker-firm">Public Company Accounting Oversight Board (PCAOB) </em>
- Improvements Resulting from Auditing Standard No. 5
- Guidance for Auditors of Smaller Public Companies
- Internal Control Reporting - Next Steps
SEGMENT 3:
<strong id="ep-name-of-speaker">Mr. David Hardesty, Vice President,</strong>
<em id="ep-speaker-firm">David Hardesty Wilson Markle Stuckey Hardesty & Bott</em>
- Major new Sec 404 rules from the SEC
- The implications of new SEC “safe harbor” for Section 404 compliance,
- New Auditing Standard No. 5,
- Changes in Section 404 compliance for non-accelerated filers, and
- PCAOB preliminary guidance on internal control audits of smaller public companies
SEGMENT 4:
<strong id="ep-name-of-speaker">Mr. Tobias L. Knapp, Partner,</strong>
<em id="ep-speaker-firm">Jenner & Block</em>
- A restatement is viewed by the SEC staff as prima facie evidence of a weakness in internal control.
What does that mean in the context of SOX 404?
- What does a company need to do to revise its internal control disclosure in the event of a
restatement?
- What are the related legal issues that arise as a result of the restatement?
(a) Determining whether to file an Item 4.02 8-K;
(b) Consequences of no longer being current in '34 Act reports (use of Form S-3, availability of
Rule 144, etc.);
(c) Occurrence of an event of default under indentures or credit agreements.
- SEC Staff on the lookout for "stealth" restatements.
SEGMENT 5:
<strong id="ep-name-of-speaker">Mr. John P. Fodera, Partner,</strong>
<em id="ep-speaker-firm">Internal Audit and Risk Management Services (IARMS) Group, Eisner LLP </em>
- Role of the Directors
- How the risk assessment should drive the process
- Monitoring the process
SEGMENT 6:
<strong id="ep-name-of-speaker">Mr. Mike Sullivan, President and CFO,</strong>
<em id="ep-speaker-firm">Ecora Software </em>
- Understanding the state of your current controls versus your approved internal controls
- How to begin identifying and remediating gaps
- Prioritizing your gaps by the level of risk they represent
- Once you’ve achieved an acceptable state of compliance, what are the steps to consistently
sustaining it
- Using Section 404 compliance to help comply with other internal and external regulatory standards
- Leveraging what you’ve learned from Section 404 to make your IT infrastructure more effective at
delivering business services and increasing profitability
Who Should Attend:
Finance Executives: CFO and VP's, Internal Auditors and financial reporting, Treasury, Accounting, Corporate Governance, Compliance, SOX Executive or Program Manager, General Counsel and SOX Attorneys, Consultants, Accountants, CPA Firms
Keith Wilson, CPA, is Associate Chief Auditor for the Public Company Accounting Oversight Board (PCAOB) in Washington, D.C. He works …
Tobias L. Knapp is a partner in Jenner & Block’s New York office. He is a member of the Firm’s …
Mike Sullivan was named president of Ecora Software in June 2007. Sullivan has been Ecora's chief financial officer since the …
David Hardesty, is a vice president of Wilson Markle Stuckey Hardesty & Bott, Certified Public Accountants, APC. He has been …
John Fodera, CPA, is a partner in Eisner’s Internal Audit and Risk Management Services (IARMS) group, focusing on delivering SOX …
Toby Lucich is the Publisher of Inside Sarbanes Oxley, a vertical governance portal and aggregator of discussions on compliance, accounting …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
87666753
Total Credits:
2.0 CLE
Login Instructions:
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SPEAKERS' FIRMS:
Public Company Accounting Oversight Board (PCAOB)
About Public Company Accounting Oversight Board (PCAOB)
About Jenner & Block
Website: https://www.jenner.com/
About Ecora Software
About Wilson Markle Stuckey Hardesty & Bott
Website: https://www.wmshb.com/
About Eisner Accountants and Advisors
Website: https://www.eisnerllp.com/
About Inside Sarbanes Oxley
Website: https://www.insidesarbanesoxley.com/