Corporate Governance Overview (Auditing and Sarbanes-Oxley Act)

Goals

• Understand the legal process in terms of Auditing and SOA.
• Using the guidelines set by the Governments, working with the tools in the SAP systems to help comply with the governmental agencies.
• Understand the history of the Auditing Process.

Audience

• Project Leaders
• Team Leaders
• Auditors: External and Internal
• Corporate Management
• End Users in the Corporation

Prerequisites

• General understanding of Auditing and the SAP system.

• SAP01 SAP Overview
• Background in basic business process functionality
• Fundamental background in Finance or Controlling

Content

• Auditing Overview, which will include a definition of operational and financial auditing. Review of the different types of auditors. Auditing terms, standards, and processes will be defined.
• Roles of an internal auditor and a financial analysis in an operationa audit.
• A review of the history and growth of the auditing process. This will include a review of the Security Act of 1933 and the security exchange act of 1934. Important Case Law in Auditing, the Foreign Corrupt
• Practices Act and the Sarbanes-Oxley Act will be reviewed.
• Major components of an Audit including – planning an audit; study, tes and evaluate internal controls; perform and evaluate substantive tests, and issuing of audit reports.
• Evidence gathering which will include discuss on SAS #31, materiality, and relationship to AIS.
• Analysis of Internal Controls which will include SAS #1, segregation o duties, and relationship to AIS.

Notes

• Course length: 4 hours
• Participant will need to have the appropriate software to run the E- Learning tools for delivery of this product.

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