Sarbanes Oxley – Strategies for Compliance

Background

The first day of this course introduces the delegates to the basic sections of the Sarbanes Oxley Act as well as the broader regulatory historical context that led to its implementation. The morning will start with a grounding in corporate governance principles, the key sections of SOX and how the financial services sector model is affected by the key principles of SOX. The afternoon of the first day is given over to workshop sessions to ensure that the information provided has been understood in preparation for the second day.

The second day builds on the first with discussion and practical exercises to address the compliance implications of the Act itself for non-US financial firms and their clients. This includes an analysis of typical weak points in financial services themselves as well as their counterparties and corporate clients. The afternoon of the second day is given over to workshop sessions. Attendees will work in groups on practical exercises involving various situations, examples and a case study. It is intended that these practical exercises will build on the knowledge gained in the course giving an opportunity to explore Sarbanes Oxley from an operational perspective.[top]

Benefits

The course will be beneficial for anyone responsible for compliance, risk management, client relationship management or client service strategy.

The course aims to give delegates:

• An understanding of why Sarbanes Oxley might apply to their firm;
• An understanding of the key sections of the Act that affect compliance in financial services;
• An understanding of areas of potential compliance conflict with other regulatory constraints;
• An understanding of what other similar regulation is in preparation;
• Practical operational guidelines for compliance.

[top]

Agenda

INTRODUCTION

• Industry Trends
• What is Sarbanes-Oxley?
• Who should be worried?
• The investor’s perspective

OVERVIEW OF THE ACT

• Oversight Boards
• Independence
• Corporate Responsibility
• Financial Disclosure
• Conflicts of Interest
• Commission Resources and authority
• Corporate Accountability
• Tax
• Fraud & Accountability

OPERATIONAL IMPACT

• Workable Policies
• Workflow Intrusion
• Controls and Freedoms

COMPLIANCE ISSUES

• Executive & End-User Responsibility
• Documentation
• Audit

RISK MANAGEMENT

• Fraud & Fiduciary Duty
• Monitoring risk potential
• Liability

[top]

How To Book

This course is available on an in-house basis. Click here for our current prices. To discuss your training needs, please complete our booking form and we will get in touch.
[top]