Reduce Sarbanes-Oxley Risk - Webinar By ComplianceOnline (SOX)
Venue: Online Event
|Event Date/Time: Mar 29, 2011||End Date/Time: Mar 29, 2011|
In October 2003 the SOX-Q/E Team was formed to identify how ISO 9001:2000 and ISO 14001: 2004 can be used to reduce the risk that CEOs, CFOs and the Board of Directors face when complying with SOX. Note that any comprehensive quality and environmental management system such as the Malcolm Baldrige Award criteria can be used in place of the ISO standards.
Attend this Webinar to understand the risks that exist throughout in SOX. This will include a review of the key sections of the law that identify these risks and understand how to apply the SOX risk assessment process. Learn the five elements of COSO (1) Control Environment, (2) Information and Communications, (3) Risk Assessment, (4) Monitoring and (5) Control Activities. Each of these elements will be discussed in detail during the webinar.
Learn about six major categories of risk faced by top management: (1) the risk of ineffective management systems, (2) revenue recognition risks, (3) information security problems, (4) governmental-mandated environmental risks, (5) risks from natural disasters and (6) risks related to homeland security.
Learn the methodology used to manage these risks. This starts with definitions of risk appetite and risk tolerance. The following risk tools are identified and discussed: (1) the Risk Level Matrix, (2) Objectives, Risk, Controls, (ORCA), (3) ISO 9001 Improvement Process, (4) Failure, Modes and Effectives Analysis (FMEA) and (5) the Risk Control Matrix.
Finally, you will understand the effect of risk management on the bottom line and they will have an opportunity to raise questions and spark discussion of related issues.
Areas Covered in the Seminar:
Key sections of the Sarbanes-Oxley Act (SOX).
Basic elements of an effective system of internal controls as defined by the COSO Guidance.
Basic risks facing top management today.
How quality and environmental management can help with SOX compliance.
Basic tool used in integration of quality and environmental management systems (QMS/EMS) with COSO.
Benefits of QMS/EMS support of SOX compliance.
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