Sarbanes Oxley and Basel II: Implementation and Compliance Training Course

We also train Sarbanes Oxley, Basel, Ethical Hacking, Security Awareness, Compliance, MIFID and CISSP

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Course Title:	Sarbanes Oxley and Basel II: Implementation and Compliance Course
Code:	SOXBA/103
Dates:	See Course Schedule
Duration:	5 Days
Fee:	Contact us for current prices
Description:	Basel II operational risk project focuses on risk aspects like determining the level of capital international banks must hold to offset unforeseen risks. SOX 404 project focuses on financial reporting. Sarbanes-Oxley attempts to ensure that financial reports are accurate and reliable. Organizations must have strong controls around financial reporting, that must be documented, tested and attested by the external auditor. Most Banks and Financial institutions have established or are currently establishing processes to comply with Sarbanes-Oxley requirements. It is absolutely necessary to use the work done in their effort to comply with Basel II operational risk requirements. Organizations must combine Sarbanes-Oxley and Basel II under a single umbrella, with the assessments and data for both regulations kept in one place. They must cut the reports in different ways for the different regulations. This is cost effective and easier than isolating the compliance processes.
Objectives:	The seminar has been designed to provide IT and information security professionals with the knowledge and skills needed to understand and support Sarbanes Oxley and Basel II operational risk compliance. The seminar is tailored to meet specific needs and is presented in clear terms using analogies, examples and case studies.
Certification	1. SOX-ITSEC (Sarbanes-Oxley Certification Institute). 2. Basel-ITSEC (Basel II Certification Institute )
Target Audience:	• IT and Information Security Directors, 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 • This course is highly recommended for IT professionals from Supervisory Agencies, Central Banks, Financial Institutions, Commercial Banks, Investment Banks, Insurance Companies, Multinational Corporations.
Course Synopsis:	The Sarbanes Oxley Act The Bank for International Settlements (BIS) First Basel Capital Accord The New Basel Capital Accord (Basel II) • Realigning the regulation with the economic realities of the global banking markets • New capital adequacy framework replaces the 1988 Accord • Improving risk and asset management to avoid financial disasters • "Sufficient assets" to offset risks • The technical challenges for both banks and supervisors • The three-pillar regulatory structure Framework for internal control systems • COSO and Sarbanes Oxley Act • The framework for internal control systems in banking organizations - Basel Committee on Banking Supervision • The 13 Principles for the Assessment of Internal Control Systems • The 13 Principles and COSO • Types of control breakdowns typically seen in problem bank cases The Internal Control - Integrated Framework by the COSO committee • Using the COSO framework effectively • The control environment • Risk assessment • Control activities COSO Enterprise Risk Management (ERM) Framework • Internal Environment • Risk Assessment • Risk Response • Control Activities • ERM - Application Techniques • Implementation plan development COBIT - the framework that focuses on IT The alignment of frameworks Meeting the Information Security Requirements of Sarbanes Oxley and Basel II Operational Risk and Basel II • The evolving importance of operational risk • Operational risk management - Basle Committee on Banking Supervision • Definition of operational risk • Risk monitoring • Control of operational risk • The BIS approach to operational risk Operational risk measurement methodologies • Risk-adjusted performance measures • Capital allocation and risk management schemes • The factor of uncertainty in assessing risks • Basic Indicator Approach (BIA) • Standardized Approach Testing, Reports and Documentation Aligning Basel II operational risk and Sarbanes-Oxley 404 projects Implementation issues Integrating Basel II compliance with Sarbanes-Oxley, GLBA and other regulations • Scope and framework of the compliance project • Assumptions • Sarbanes Oxley and Basel II • Compliance issues • There is only one Sarbanes Oxley act but there are many different Basel II frameworks - the issue of discretion to individual jurisdictions for Basel II implementation • Markets in Financial Instruments Directive (MiFID) - designed to produce a single European market in financial services • New standards • The different testing and documentation plan Integrating Basel II compliance with Sarbanes-Oxley, GLBA and other regulations • Scope and framework of the compliance project • Assumptions • Sarbanes Oxley and Basel II • Compliance issues • There is only one Sarbanes Oxley act but there are many different Basel II frameworks - the issue of discretion to individual jurisdictions for Basel II implementation • Markets in Financial Instruments Directive (MiFID) - designed to produce a single European market in financial services • New standards • The different testing and documentation pla
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