Sarbanes-Oxley Act
The Sarbanes-Oxley Act, more commonly known as SOX is a United States federal law enacted in response to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom. These scandals, which cost investors billions of dollars when the share prices of the affected companies collapsed, shook public confidence in the nation's securities markets.

The legislation establishes new or enhanced standards for all U.S. public company boards, management, and public accounting firms. It does not apply to privately held companies.

The Act contains 11 titles, or sections, ranging from additional Corporate Board responsibilities to criminal penalties, and requires the Securities and Exchange Commission (SEC) to implement rulings on requirements to comply with the new law. The Act also covers issues such as auditor independence, corporate governance, internal control assessment and enhanced financial disclosure.

About this workshop

This SOX workshop is designed to help individuals understand the basic framework of the Sarbanes Oxley Act and how it impacts today’s organizations. It becomes mandatory for organizations to create awareness about SOX within the organization for successful and effective implementation of SOX and to develop consistency across the organization for SOX compliance.

This workshop is designed to cater to the general audience and also meet specific learning needs of Finance, IT and Process Professionals.

Benefits

This workshop has been designed to enable participants help their organization comply with the full intent of the Sarbanes Oxley Act; gain more insight to applications controls design and help develop expertise in SOX compliance requirements.

Participants will gain an understanding of why organizations need to build an efficient SOX compliance infrastructure and how technology can be a part of the solution to design, implement and maintain an effective compliance initiative.

Who should attend

This workshop is meant for professionals responsible for Governance, Risk & Compliance in any organization

  • CEO / CFO / CIO / CTO / CISO
  • Finance Manager / Finance Controller
  • IS / IT Specialist / Analyst / Manager
  • IS / IT Auditor / Consultant
  • IS / IT Head / Director
  • IT Operations Manager / Head / Director
  • IT Compliance Manager / Head / Director
  • Process Associate / Consultant / Manager
  • Quality Assurance Professional
  • Risk & Compliance Professional
  • Business Analyst
  • IT Service Provider / Management Professional
  • Internal & External Audit Management team
  • Sarbanes-Oxley Implementation team
  • COBIT Implementation team
  • Key Business User

Anyone aspiring to understand SOX Compliance in a better manner would benefit from this workshop. This workshop is restricted to participants who have some exposure to process, controls and risk management.

Workshop Outline

  • Sarbanes Oxley Act (SOX)
  • Controls Frameworks
  • Other Standards associated with SOX requirements
  • Case Study: SOX Implementation & Compliance
  • SOX IT Controls: Design, Assessment, Testing and Control Matrices
  • Adopting an Integrated IT Control approach
  • SOX Updates

 

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