Focus on Internal Control - Is your Company Ready for the New COSO?

This training on COSO (Committee of Sponsoring Organizations of the Treadway Commission) framework will highlight as well as compare and contrast the critical concepts of two leading compliance documents (COSO 1992 & COSO 2013) that are sure to turn up the heat on management’s efforts related to internal control.

Why Should You Attend:

The new COSO framework will be released in early 2013 and will turn up the focus on how its guidance should be used by companies and auditors when evaluating processes for Sarbanes-Oxley and other control requirements. It is imperative that management, compliance professionals, legal professionals and audit professionals all become intricately familiar with the new COSO framework and the impact it will have on how companies as well as external auditors approach compliance evaluations for not just Sarbanes-Oxley but all regulatory and legislative initiatives. It is also imperative that management learn and accept their critical role as it relates to the management and monitoring of internal controls.

This webinar will focus on the key changes within the COSO 2013 framework and will analyze how this may impact overall compliance efforts. It will explore how COSO 2013 may ultimately impact changes to corporate strategic initiatives and regulatory processes. In addition, it will link the PCAOB’s identified deficiencies of audit firms ICFR to aspects of COSO 2013. Finally, the instructor will discuss the COSO Foundation’s new templates and tools and analyze how these can integrate into your processes.

Areas Covered in the Webinar:

Key changes between COSO 1992 and the proposed 2013 COSO draft

• Implications for Sarbanes-Oxley compliance and Section 404 and 302 attestations
• Analysis of how those changes will impact compliance efforts requirements
• Understanding the new tools and templates provided by the COSO foundation
• Benefits and challenges of the new framework
• Management's requirement for understanding COSO 2013
• Review of PCAOB December 2012 report on its review of Public Firms and their work on internal control over financial reporting
• Implications for Sarbanes-Oxley compliance

Who Will Benefit:

• Board members
• Management
• Risk and legal Professionals
• Internal auditors
• Compliance Professionals
• Process improvement Professionals