Sarbanes Oxley 404: Sec. 404 Management’s Report on Internal Controls over Financial Reporting - By Compliance Global Inc

Overview:

Internal controls are a key part of any organization's continued growth, performance and success. With fraud at an all-time high, a well-designed internal control structure will enhance operations by improving your department's overall security and effectiveness.

SOX Section 404 mandates that all publicly-traded companies must establish internal controls and procedures for financial reporting and must document, test and maintain those controls and procedures to ensure their effectiveness.

Why Should You Attend:

All annual financial reports must include an internal control report stating that management is responsible for an adequate internal control structure, and an assessment by management of the effectiveness of the control structure. Any shortcomings in these controls must also be reported.

In addition, registered external auditors must attest to the accuracy of the company management assertion that internal accounting controls are in place, operational and effective. Management knows that without an effective internal control system in place, the organization may be open to fraudulent transactions, theft, hefty fines, penalties, stricter government laws and rules.

This world of globalization requires businesses to become more competitive by reducing resource wastefulness, and setting directions and goals. An internal control management system will assist your company with optimization of these processes.

In this webinar, participants will learn the processes of internal controls formulation and implementation including how to develop steps for internal controls, the internal control process, how to develop tools for testing internal controls, and how to benefit from these tools. This webinar will help find the dots and connect them relating to internal controls.

Areas Covered in this Webinar:

Necessity of planning internal controls
How to evaluate your systems' strengths and weaknesses
COSO, Cobit and SAC outlines and checklists
Learn the 5 elements of internal controls to help prevent fraud
Characteristics of successful internal controls system
How to limit risks and ERM process
How to outline an internal control plan
Put into practice the 17 principles of internal controls
Processes, objectives, components and requirements for effective controls
Learn SAS requirements for internal controls
Help employees, individuals, supervisors, managers and executives assess controls

Learning Objectives:

Learn how to present ideas in financial terms for greater impact
Gain confidence with establishing controls
Understand fundamentals of internal controls
How to increase your competitive position by understanding the processes
How to analyze internal controls
Learn fundamentals of internal controls

Who Will Benefit:

Managers
Supervisors
Compliance Officers
Team/ Section Leaders
Branch Managers
Department Heads / Managers
Employees
Accountants
AP Managers
Anyone who wishes to increase or refresh their knowledge of internal controls

For more information, please visit : https://complianceglobal.us/product/700424/DavidSanders/404-Management-Report-on-Internal-Controls-over-Financial-Reporting%20/1
Email: [email protected]
Toll Free: +1-844-746-4244
Tel: +1-516-900-5515

Level:
Intermediate

Speaker Profile:

David Sanders is considered one of the world’s leading experts/trainers in accounting, finance, accounts payable, accounts receivable, budgeting, collections, cost accounting, personal finance, personal income taxes, business taxes, business set up, sales & use taxes, internal controls, inventory management, cycle counting, record keeping and vendor, supplier management. He has continuous requests to train employees and to hold public seminars. He has conducted approximately 10,000 training sessions, including public seminars, on-sites, company training, chamber of commerce's, colleges, training videos, CD's and webinars worldwide.

David is called upon for his SOX training abilities and to perform, walk through interim testing for core financial processes such as internal controls, risk analysis, COSO analysis, fraud detection, internal controls, financial reporting, revenue, inventory, and expenditure testing. Member Sarbanes Oxley Compliance Professional Association (Life Member Status) and Key Trainer. The author of four acclaimed books (Budgeting, Forecasting, Strategic Planning, Strategic Thinking) and over 25 seminar workbooks and numerous webinars. David has a talent for breaking things down into easy to understand steps that can be implemented immediately. David was an Endorsed Local Provider for the Dave Ramsey Show covering the greater Cincinnati, Northern KY and Eastern Indiana areas.

David has a wealth of experience to share that is supported by impeccable financial credentials including over 37 years of experience in the financial industry. He holds numerous degrees including Associate in Accounting, Bachelors in Business Administration, Masters in Taxation an