Sarbanes-Oxley. European SOX Certification

Course content

Course Length

5 Days intensive course

Goals

This 5-Day intensive course covers everything that you need to know to comply with not just E-SOX, but with US-SOX as well.

Introduction to SOX

Sarbanes-Oxley European SOX Certification Program is offered in partnership with the prestigious Sarbanes-Oxley Institute – the only global provider of Sarbanes-Oxley professional certifications. This rigorous course is based on actual projects and uses real-world training methodology.

The objective of this course is to provide you with the tools, templates and technologies that you need to comply with E-SOX. We leverage the lessons learned from the US and parlay them into the context of E-SOX. The fundamentals of both are the same. It is primarily the auditing and reporting requirements that differ. We show you how to efficiently and cost-effectively comply with it.

Completely hands-on and workshop-driven, this facilitator-led session emulates the real-world in terms of what is required to put in place Internal Controls within the organization to meet SOX and E-SOX requirements. Documenting internal controls and we look at requirements and expectations from multiple levels of the organization as well as best practice that has emerged in order to cost-effectively document only those areas of the organization that are relevant to your SOX implementation.

Content

An introduction to SOX and E-SOX, and is designed to help you get your feet wet with the legislations, standards, regulations and frameworks that are relevant in the context of SOX and E-SOX. We look at similarities between the two as well as differences, and start to identify best practices for SOX/E-SOX from a Governance, Risk and Compliance perspective.

Introduction to SOX and E-SOX

Events leading up to the Regulations
Key Sections, Titles and Elements
Role of Governing Bodies/Authorities
Audit and Disclosure Requirements

Frameworks and Methodologies

Internal Control Frameworks for SOX
Internal Control Framework for E-SOX
Industry Standards and Frameworks
Internal Control Compliance Roadmap

Documenting Internal Controls – I

Entity-Level Control Documentation
Process-Level Control Documentation
Application-Level IT Documentation
Infrastructure-Level Documentation

Documenting Internal Controls – II

Flowchart and Narrative Development
Developing Risk-Control-Test Matrices
Control Types: Preventative/Detective
Control Types: Key/Primary/Secondary

Testing

Another hands-on and workshop-driven session, the Testing Workshop focuses on (a) how to develop effective tests, (b) how to executive them, and (c) how to use them to demonstrate design and operating effectiveness of your Internal Controls system at all four levels. This session piggybacks on the same case-study that was used on the previous day and thereby retains the continuity as well as real-world emulation of a SOX implementation. Best practices for testing are presented and recommendations for how to continuously improve the organization’s internal control or risk management system are revealed.

Testing Internal Controls – I

Developing Test Plans
Executing Test Plans
Design Effectiveness
Operating Effectiveness

Testing Internal Controls – II

Remediating Deficiencies
Ongoing Testing/Retesting
Reusing Test Plans/Tests
Continuous Improvement

Management

Towards the end of the course you get a "promotion" (to Project Manager) and you get to do what the facilitator did previously. That is, you get to create the project, and put the various pieces together. You'll understand SOX project initiation, resource allocation, ROI and TCC calculations (the "business case"), and making SOX cost-effective and sustainable for the long run within the organization. It is workshop-driven, and is your opportunity to put all the pieces together.

E-SOX/SOX Project Management – I

E-SOX and SOX Project Planning
Planning/Scoping the SOX Project
Identifying Resources and Timelines
Creating the Detailed Project Plan

SOX/E-SOX Project Management II

Implementing the E-SOX Project Plan
Using E-SOX for Risk Management
Calculating Total Cost of Compliance
Estimating Return on E-SOX Investment

Certification

The final day is designed to review the material covered previously and to prepare you for the E-SOX certification exam. It is expected that you are spending your evenings during the Five-day boot camp reading the study materials and preparing for the exam. This review is an aid in that process and is not a substitute for study. Our objective is to help you be more effective on the job and to demonstrate that via certification.

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