Sarbanes-Oxley Training | Sarbanes-Oxley Certified Professional Training in Exeter

Sarbanes-Oxley Certified Professional Course Outline

Module 1: Sarbanes-Oxley Act

• Sarbanes-Oxley Act: What is it?
• Sarbanes-Oxley Act: A Background
• Sarbanes-Oxley Act: The Purpose
• US Federal Legislation
  • Financial Reporting
  • Corporate Governance
• Sarbanes-Oxley Act of 2002 – Key Sections

Module 2: Finance Auditing

• Securities and Exchange Commission
• Electronic Data Gathering, Analysis, and Retrieval system
• Public Company Accounting Oversight Board (PCAOB)
• Standing Advisory Group (SAG)
• Define Auditing
• Financial Audit
• PCAOB Auditing Standards
• Difference Between SOX and SOC
• SOX and SOC Auditing
• Management’s Testing
• Management’s Documentation
• Reports Used to Validate SOX Compliant IT
• Infrastructure
• Documentation Issues
• Section 302, Section 404, and Section 906
• Management’s Responsibilities

Module 3: Committees

• Committees and Teams
• Project Team
• Steering Committee
• Committee
• Disclosure Committee
• Certifying Officers and Audit Committee
• Control Deficiency
• Deficiency in Design
• Significant Deficiency
• Material Weakness
• Deficiency or Material Weakness?
• Reporting Weakness and Deficiencies

Module 4: Examples

• Example/Case Study
• Public Disclosure Requirements
• Real Time Disclosures on a Rapid and Current Basis
• Companies Affected
• Whistle-Blower Protection
• Rulemaking Process
• Securities Act of 1933
• Investment Company Act of 1940
• Investment Advisers Act of 1940
• Dodd-Frank Wall Street Reform and Consumer Protection Act
• Rulemaking Process
• SOX - International Concerns
• Foreign Private Issuers (FPIs)
• American Depository Receipts (ADRs)
• Types of ADR Programs
• Employees Affected and Effective Dates

Module 5: Internal Controls - COSO

• Overview
• Using the COSO Framework Effectively
• Control Environment
• Risk Assessment
• Context – Input
• Context Tasks
• Control Activities
• Information and Communication
• Monitoring Activities
• Effectiveness and Efficiency of Operations
• Reliability of Financial Reporting
• Compliance with Applicable Laws and Regulations
• IT Controls
• IT Controls and SOX Relevance
• System Development and Change
• Systems Development: Auditing Objectives
• Systems Development IC
• Types of IC
• Layers of Overlapping Controls

Module 6: COSO Enterprise Risk Management

• Risk Management
• Risk Treatment Plan
• Managing Incidents
• Business Continuity
• Information Security
• Financial Risk Management
• Enterprise Risk Management
• Enterprise Risk Management in Context
• Implementing Enterprise Risk Management
• Structure of the Business Organisation
• Integrating Across Perspectives
• ERM Framework
• Is COSO ERM Needed for Compliance?
• Success Factors
• Internal Environment
• Objective Setting
• Event Identification
• Risk Assessment and Risk Response
• Control Activities
• Information and Communication
• Perspectives – Inter-Relationships
• Perspectives – ERM
• Monitoring
• ERM: Implementation
• Fraud Risk
• Chief Risk Officer
• COSO ERM Cube
• COSO IC Cube
• Objectives
• Evaluating ERM
• ERM: Alternative Uses
• ERM – Application Techniques
• Core Team Preparedness
• Implementation Plan
• Likelihood and Impact Risk Ranking

Who should attend this Sarbanes-Oxley Certified Professional Course?

The Sarbanes-Oxley Certified Professional Training Course provides learners with the knowledge and skills they need to comply with the Sarbanes-Oxley Act (SOX). The professionals who can benefit from this course includes:

• Internal Auditors
• Legal and Regulatory Affairs Professionals
• Risk Management Specialists
• Compliance Officers
• External Auditors
• Consultants
• Internal Auditors

Prerequisites of the Sarbanes-Oxley Certified Professional Course

There are no formal prerequisites for this Sarbanes-Oxley Certified Professional Training Course.

Sarbanes-Oxley Certified Professional Course Overview

The Sarbanes-Oxley Act (SOX) was enacted to protect investors by improving the accuracy and reliability of corporate disclosures. This legislation is crucial in today’s business environment, where transparency, accountability, and corporate governance are paramount. Understanding SOX is essential for professionals involved in financial reporting, auditing, and compliance within publicly traded companies.

Mastering the intricacies of the Sarbanes-Oxley Act is vital for Financial Professionals, Auditors, Compliance Officers, and Corporate Executives. This knowledge helps ensure that organisations meet regulatory requirements, avoid penalties, and maintain investor trust.

This 3-Day training by The Knowledge Academy provides delegates with a comprehensive understanding of the Sarbanes-Oxley Act. Through practical exercises, case studies, and expert-led discussions, delegates will learn how to apply SOX principles effectively within their organisations.

Course Objectives

• To understand the key provisions of the Sarbanes-Oxley Act
• To learn the roles and responsibilities of financial professionals under SOX
• To develop skills in implementing SOX compliance programs
• To gain knowledge of internal controls and risk management as required by SOX
• To master the processes for accurate financial reporting and disclosures
• To explore best practices for SOX audits and compliance monitoring

Upon completion of this course, delegates will be well-equipped to manage and implement Sarbanes-Oxley compliance programs within their organisations. This certification will enhance their professional credibility and open up advanced career opportunities in financial compliance and corporate governance.

Key Benefits of Sarbanes-Oxley Certified Professional Course

The Sarbanes-Oxley (SOX) Certified Professional Course equips professionals with practical expertise to assess, manage, and monitor internal controls and risk frameworks effectively.

Here are the core benefits of attending this training:

• SOX Compliance Knowledge: Develop a strong understanding of the Sarbanes-Oxley Act, its purpose, and key sections for financial reporting.
• Control Assessment Skills: Build competence in identifying significant deficiencies, material weaknesses, and understand reporting requirements using the Committee of Sponsoring Organisations (COSO) framework.
• Regulatory Awareness: Strengthen skills to interpret disclosure obligations, whistle-blower protections, international SOX requirements, and related US financial regulations.
• Internal Control Design: Develop practical skills to design and monitor internal controls across financial, operational, compliance, and information technology environments using the COSO framework.
• Enterprise Risk Management: Gain the ability to apply COSO Enterprise Risk Management (ERM) principles, assess fraud and business risks, and support business continuity planning.

What’s included in this Sarbanes-Oxley Certified Professional Course?

• Sarbanes-Oxley Certified Professional Examination
• World-Class Training Sessions from Experienced Instructors 
• Sarbanes-Oxley Certified Professional Certificate
• Digital Delegate Pack

Sarbanes-Oxley Certified Professional Exam Information

To achieve the Sarbanes-Oxley Certified Professional, candidates will need to sit for an examination. The exam format is as follows: 

• Question Type: Multiple Choice 
• Total Questions: 40 
• Total Marks: 40 Marks 
• Pass Mark: 65%, or 26/40 Marks 
• Duration: 60 Minutes