Description

Since the passing of the Sarbanes-Oxley act in 2002, the economy and world has experienced many changes and significant turmoil.

• The 2008 subprime mortgage/housing crash
• 2010 emergence of the iPad and other smart technologies saw more pressure put on SOX in the form of new templates, terminology, and requirements
• 2020 COVID emerged and changed the way many organizations work
• The onset of remote work
• Increased cybersecurity concerns
• The fast-track pace of emerging technologies
• Adoption of COSO 2013 internal control framework
• Various new accounting standards. (ASC 606 and ASC 842)

With organizations looking to do more with less, organizations need a compliance program that provides additional business insights in order to be sustainable.  By modernizing the SOX program, a company can:

• Identify opportunities to increase efficiency
• Shift focus and efforts to areas that matter most
• Potentially reduce the cost and time requirements of compliance
• Extract value and provide insights to other areas of the organization beyond finance and accounting
• SOX teams planning should account for marketplace trends regarding economic instability, the impact of today’s shifting workplace, the burden of ongoing compliance, and the technology race. This course focuses on each of these concepts and how they impact the daily SOX operations along with how technology solutions can position your business to effectively maintain compliance.

The courses: Sarbanes-Oxley Update – 20 Years Later: Sourcing Emerging Risks Part 1 and Part 2 touched on some of these risks. This webinar is designed to take a deeper dive into understanding the importance of these areas and appropriately addressing them and modernizing your SOX efforts.