SOX 404 - Compliance in Action Training Agenda

Led by Malin, Bergquist and Company, LLC and EDGARfilings

SOX 404 Update / Recent SEC Guidance / Implementation

8:30 a.m. to 10:00 a.m.

• SEC Timeline for Management Assessment of Internal Controls
• Management Assessment – Reporting Requirements
• COSO Internal Control Framework (focus on smaller public companies)
• Implementation Guidance (Cash, Revenue Recognition, Purchase to Pay)
• Identifying Significant Accounts, Disclosures and Relevant Assertions
• Walkthrough Narratives, Flowcharting, Risk / Key Control Matrix
• SEC Guidance Update

Break - 10:00 a.m. to 10:15 a.m.

Testing and Remediation / Auditor Considerations

10:15 a.m. to 11:00 a.m.

• Testing and Documentation Requirements (Entity-Level and Process Controls)
• Remediation Considerations
• PCAOB Standard No. 5 – What the Auditors are Required to Follow
• Evaluation and Communication of Control Deficiencies
• Audit Committee Considerations

General IT Controls - 11:05 a.m. until Noon

• Technology Concerns
• General Computer Control Definitions and Importance
• Scoping General Computer Controls
• Complex vs. Non-complex Environments
• COSO for Small Business Guidance

Application Controls - 12:45 p.m. to 2:00 p.m.

• Application Control Basics
• Types of Application Controls       
• Application Controls EQUALS Reduced Compliance Cost
• Application Control Testing
• How Do I Get Started?                                 

Break - 2:00 p.m. to 2:15 p.m.

Compliance Hands-on Exercises - 2:15 p.m. to 4:30 p.m.

• Risk Assessment
• Documenting Testing
• Monitoring
• Remediation
• Deficiency Evaluation