Course Description
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
Click
for more webinars on Accounting
& Auditing
Learning Objectives
- Information Technology and Information Systems
- COBIT
- IT General Controls
- Application Controls
- COSO and IT
- IT Governance
- Emerging Trends in ITTo describe information systems and differentiate between information technology
- To recognize and examine the COBIT framework for IT controls
- To differentiate Application Controls vs. General Controls
- To describe COSO's link to IT as it relates to the five components of COSO
- To recognize how to discuss IT governance processes
- To identify and evaluate the world of emerging IT risks
- To differentiate the five components of an information system
- To identify which controls the basic functions of a computer and typically comes preinstalled with the machine
- To describe which type of information system extends information retrieval capabilities of the end-users with query and analysis functions
- To identify one of the broad areas of cloud computing
- To describe integrity controls
- To identify benefits of cloud computing
- To identify a process that helps in discovering informational patterns with data Control Examples
Recommended For
- This NASBA Approved SOX webinar is recommended for CIA and all other titles governed by IIA.
- This online CPE webinar is recommended for CPA, CMA, Accountants and Finance Professionals, CFOs, CEOs, Compliance professionals, Individuals entering information technology roles, and Board members involved in forming and assessing internal controls.
Who Should Attend?
- Accounting and audit managers/practitioners
- Auditors
- CEO
- Certified Management Accountant (CMA)
- CFO/Controller
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- Young CPA
