University of California Santa Cruz Extension Sarbanes-Oxley Best Practices for Accounting, Finance, and IT Professionals
May 4-5, 2007, Cupertino
Click here for more information on the UCSC Extension web site.
Public corporations spend more $4M to $14M on Sarbanes-Oxley (SOX) compliance yearly. That's like Y2K on an annual basis! Hundreds of SOX jobs are available in accounting, IT, technical writing and other fields. This is a hands-on workshop and you will leave with electronic tools in popular formats (Word, Excel), not expensive SOX-specific software.
All U.S. public companies must comply with the Sarbanes-Oxley Act of 2002. This act of Congress requires company officers to certify that internal controls are adequate to prevent the defrauding of investors. Although the cost of compliance is high, this effort makes a positive contribution to the strategic direction of any organization. This course provides hands-on decision-making exercises in areas such as conveying the importance of ethics to employees, combining SOX compliance with ISO registration or Six-Sigma, making major upgrades in IT hardware/software, or even going private. Participants learn how to turn the effort and cost of compliance into an investment with strong ethical and financial returns.
TOPICS
Underlying causes of the financial scandals, SEC rulings and other guidelines
Impact on executive, legal, finance, IT, purchasing actions
Strategic alternatives to tactical compliance
Ethics as a driving strategy
Avoiding SOX by going private or delisting: benefits and pitfalls
TEAM PROJECTS
Frontline Work: Creating a section 404 (IT) Compliance Matrix
Management Level Work: Selecting Consultants and Software
Participants return to their companies with knowledge of the pros and cons of strategic alternatives. Executives, managers, and investors in public companies can benefit from this course.
REQUIRED TEXT: The Sarbanes-Oxley Section 404 Implementation Toolkit : Practice Aids for Managers and Auditors
