SOX and Information Technology in Today’s Digital World- General Controls Primer

Complying with the Sarbanes Oxley Act of 2002 (SOX) requires organizations to record, test, maintain and review controls affecting financial reporting processes. These internal controls are mechanisms that can identify or prevent problems in business processes, which can affect the accuracy or integrity of financial reports.

Companies should apply and review these processes each and every cycle leading to their financial reports. Internal auditors should conduct regular compliance audits to ensure compliance to SOX requirements.

The world has changed, and Information Technology (IT) is no longer simply a back-office function.

Information technology and its role in today’s business environment is an important component for the success of today’s organization. Although organizations are staffed with experienced personnel who are skilled in the technicalities of data systems, personnel computer systems and data access methods, it is important that personnel within the office of the CFO have a strong understanding of control procedures that comprise the complex nature of today’s digital world.  

Advancements in technology have raised the level of acknowledgement of threats in the cyber age. These threats touch both the business world and personal lives. Information technology is no longer a “back-office” function. Once considered a process area that was solely part of the Chief Information Officer’s domain, companies must now acknowledge that whether the threats are internal or external, they are very real and can and will cause harm to many organizations in many ways. As a result, it is imperative that professionals across the company understand and be prepared to deal with the multitude of ever-growing cyber threats.

This online CPE course is geared for all members of the office of the CFO and will serve as a primer for understanding the many advancements of information technology and its uses in today’s business environment. whether those uses relate to financial, operational or compliance reporting methods. In this continuing education course, we will discuss the critical tie to COSO 2013 and delve into understanding the variance between General Controls and Application Controls.  This training will then further evaluate the aspect of General Controls and provide examples and usages for today’s business. 

Major topics covered in this online CPE webinar:

• Information Technology and Information Systems
• COBIT
• IT General Controls
• Application Controls
• COSO and IT
• IT Governance
• Emerging Trends in IT

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