Sarbanes Oxley (SOX) Training and Implementation Workshop

The Sarbanes-Oxley Act (SOX) of 2002 introduced significant legislative changes to financial practice and
corporate governance regulation intended to “protect investors by improving the accuracy and reliability of
corporate disclosures made pursuant to the securities laws”.
Sarbanes-Oxley was passed in 2002 and year one of attestation for publicly traded companies was
2004. Fifteen years later the legislation continues to challenge companies, auditors and compliance
professionals when evaluating a company’s control structure. SOX section 404, although the most prominent,
is only one of the many requirements covered under the legislation. In addition, the impetus of COSO 2013
has re-focused companies’ efforts on evaluating their key controls. Companies must continually evaluate
whether they have designed and identified the proper controls and have adequate tests in place to determine
control efficiency. With the evolution of technology solutions, the impact of information systems changes
must be continually evaluated to ensure controls are adequately addressed.
This Sarbanes Oxley training course is an overview of the proper processes, controls and tests, companies
must use to determine adequate internal and financial controls. During the comprehensive two-day training,
we will discuss how to recognize components of SOX and the Internal Control Framework, the requirements
for Top-Down Risk Assessment, as well as how to identify legislation changes and challenges, Auditing
Standard 2 and Auditing Standard 5, and how to discover the SOX Sequence of process (documentation,design, evaluation).

Day 1:
Sarbanes Oxley (SOX) Overview
1. The need of SOX
2. The Sarbanes-Oxley Act.
3. Companies affected
4. SOX: Authoritative Bodies
5. The Evolution of Sarbanes-Oxley (SOX) Auditing Standards
6. Information Technology in Today’s Digital World: General Controls
7. COSO 2013 Framework Requirements and Implementation Overview
SOX In details
Title I—Public Company Accounting Oversight Board
Sec. 101. Establishment; administrative provisions
Sec. 102. Registration with the Board

Sec. 103. Auditing, quality control, and independence standards and rules
Sec. 104. Inspections of registered public accounting firms
Sec. 105. Investigations and disciplinary proceedings
Sec. 106. Foreign public accounting firms
Sec. 107. Commission oversight of the Board
Sec. 108. Accounting standards
Sec. 109. Funding
Title II—Auditor independence
Sec. 201. Services outside the scope of practice of auditors
Sec. 202. Approvals requirements
Sec. 203. Audit partner rotation
Sec. 204. Auditor reports to audit committees
Sec. 205. Conforming amendments
Sec. 206. Conflicts of interest
Sec. 207. Study of mandatory rotation of registered public accounting firms
Sec. 208. Commission authority
Sec. 209. Considerations by appropriate State regulatory authorities
Title III—Corporate Responsibility
Sec. 301. Public company audit committees
Sec. 302. Corporate responsibility for financial reports
Sec. 303. Improper influence on conduct of audits
Sec. 304. Forfeiture of certain bonuses and profits
Sec. 305. Officer and director bars and penalties
Sec. 306. Insider trades during pension fund blackout periods
Sec. 307. Rules of professional responsibility for attorneys
Sec. 308. Fair funds for investors

Day 2:
Title IV—Enhanced Financial Disclosures
Sec. 401. Disclosures in periodic reports
Sec. 402. Enhanced conflict of interest provisions
Sec. 403. Disclosures of transactions involving management and principal stockholders
Sec. 404. Management assessment of internal controls
Sec. 405. Exemption
Sec. 406. Code of ethics for senior financial officers
Sec. 407. Disclosure of audit committee financial expert
Sec. 408. Enhanced review of periodic disclosures by issuers
Sec. 409. Real time issuer disclosures
1. Title V—Analyst Conflicts of Interest
2. Title VII—Studies and Reports
3. Title VIII—Corporate and Criminal Fraud Accountability
Sec. 801. Short title
Sec. 802. Criminal penalties for altering documents
Sec. 803. Debts no dis chargeable if incurred in violation of securities fraud laws
Sec. 804. Statute of limitations for securities fraud
Sec. 805. Review of Federal Sentencing Guidelines for obstruction of justice and extensive
criminal fraud

Sec. 806. Protection for employees of publicly traded companies who provide evidence of fraud
Sec. 807. Criminal penalties for defrauding shareholders of publicly traded companies
Title IX — White Collar Crime Penalty Enhancements
Sec. 901. Short title
Sec. 902. Attempts and conspiracies to commit criminal fraud offenses
Sec. 903. Criminal penalties for mail and wire fraud
Sec. 904. Criminal penalties for violations of the Employee Retirement Income Security Act of
1974
Sec. 905. Amendment to sentencing guidelines relating to certain white-collar offenses
Sec. 906. Corporate responsibility for financial reports
Sections 302 – 404 – 906
Committees and Teams – Review
2. Sarbanes-Oxley (SOX): Preparing for a Top Down Risk Assessment
3. Sarbanes Oxley (SOX): Entity Level and Soft Controls
4. Sarbanes-Oxley (SOX):Identifying and Documenting Controls
5. Sarbanes-Oxley (SOX):Testing

Examination for Certified SOX Implementer
1. 50 MCQs based on SOX training Workshop
2. 70 % passing for Certification

This workshop has been designed to enable participants help their organization comply with the full intent of
the Sarbanes Oxley Act (SOX), gain more insight to applications controls design and help develop expertise in
SOX compliance requirements.
Any professional in today’s evolving business world will benefit from this SOX Training Workshop. The
Sarbanes-Oxley legislation has been a key to many new business and financial processes. All organizations,
regardless of their status as a publicly-traded company or privately held company, have looked towards the
legislation requirements as a “leading practice” in financial reporting. This Training Workshop will establish
the learner as an expert within the field of Sarbanes-Oxley section 302 and 404 as well as overall standards
and compliance with the legislation.
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.