Sarbanes Oxley Training Course Description:
This Sarbanes-Oxley Act (SOX) was enacted in July 2002, largely in response to large public failures of corporate governance. Securities and Exchange Commission’s (SEC) rulings is that Internal Controls must assure the secure, stable, and reliable performance of computer hardware, software, and SOX personnel connected to financial systems.
Objectives:
The Sarbanes oxley training has been designed to provide individuals with the knowledge and skills needed to understand and support Sarbanes-Oxley, SOX compliance. This interactive Sarbanes Oxley course will cover the Act, the PCAOB standards, the COSO course and COBIT course frameworks, the controls and the obligations of the IT and Security department.
Sarbanes Oxley Course Target Audience:
This course is recommended for all managers and professionals who need to understand and speak the specialized language of Sarbanes Oxley compliance.
This course is highly recommended for:
- IT and Information Security Managers and Professionals
- Chief Risk and Compliance Officers
- IT and Security Process Owners
- Network, System and Security Administrators
- IT Auditors
- IT, Security and Management Consultants
Sarbanes Oxley Certification:
Frequently Asked Questions about the Sarbanes Oxley Certification for IT Security Professionals and Finance professionals (SOX-CERT)
Course Synopsis:
The Sarbanes Oxley Act
The Sarbanes-Oxley Act of 2002: Key Sections SEC, EDGAR, PCAOB, SAG
The Act and its interpretation by SEC and PCAOB
PCAOB Auditing Standards:
Reports used to Validate Compliant IT Infrastructure Documentation Issues
Sections 302, 404, 906 and the three certifications
Sections 302, 404, 906: Examples and case studies
Management’s Responsibilities
Committees and Teams
Material Weakness
Is it a Deficiency, or a Material Weakness?
Reporting Weaknesses and Deficiencies
Public Disclosure Requirements
Companies Affected at SOX course
Sarbanes Oxley Training course Internal Controls – COSO
- Internal Control
- The Control Environment
- Risk Assessment
- IT Controls
- IT Controls and Sarbanes Oxley Act Relevance
- Program Development and Program Change
- Layers of overlapping controls at our Sarbanes Oxley training course
COSO Enterprise Risk Management (ERM) Framework
- Is COSO ERM needed for compliance?
- COSO AND COSO ERM
- Internal Environment
- Objective Setting
COBIT – the framework that focuses on IT
- Is COBIT needed for compliance
- COSO or COBIT
- Corporate governance or financial reporting
- The Framework
- The 34 high-level control objectives
- What to do with the 318 specific control objectives
- How to use COBIT for Sarbanes Oxley compliance
The alignment of frameworks
- COSO and COBIT
- COSO ERM and COBIT
- ITIL and COBIT
- ISO/IEC 17799:2000 and COBIT
- ISO/IEC 15408 and COBIT
- COSO, COBIT and Sarbanes-Oxley Sections 302 and 404
Scope of Sarbanes Oxley Project
- Software and Spreadsheets
- Is software necessary?
- Is software needed?
- When and why
- Selection process
- Development Lifecycle Controls at our SOX course
Third-party service providers and vendors
- Redefining outsourcing
- Outsourcing services and Sarbanes Oxley compliance
- Outsourcing after Sarbanes Oxley training
- Sarbanes Oxley and other compliance projects
- Auditing in the USA and in UK: Very important differences.
Related Courses:
Sarbanes Oxley Training and Basel II Course
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