Sarbanes-Oxley continues to be a demanding journey and is ripe for transformation.

For many organizations, most notably large accelerated and accelerated filers, compliance with the Sarbanes-Oxley Act has been quite the journey and an unexpectedly challenging one at that.

Organizations have been adapting and evolving their SOX practices in an effort to become more efficient. But incremental steps may not be sufficient for much longer. Overall, compliance costs remain significant in most companies. SOX hours and control counts continue to increase. For these reasons, organizations must pursue and perform the same magnitude of transformation and innovation rippling across most other functions in their organizations.

The need for transformation in SOX compliance will only increase considering all of the drivers of change underway with regard to organizational processes, technology, behaviors and internal controls that ultimately generate new compliance challenges. Pressures from boards, volatile markets, intensifying competition, demanding regulatory requirements, changing workplace dynamics, shifting customer preferences, uncertainty regarding catastrophic events and other dynamic forces are driving organizations to make major changes throughout the enterprise – many of which, again, have implications with SOX compliance. 

Check at these KLplus CPE courses related to the Sarbanes-Oxley Act:

• Internal Control Over Financial Reporting: Understanding Section 404 of Sarbanes-Oxley (KLplus CPE Course): This basic-level training provides an overview of Section 404 of the Sarbanes-Oxley Act of 2002. The course explains the requirements and effective dates, defines internal control over financial reporting, and identifies which companies must comply and when. Upon completion of this course, you will be able to identify the requirements and key guidelines of Section 404, identify the definition and characteristics of internal control over financial reporting, identify who should be involved in complying with Section 404, and identify steps in an approach to complying with Section 404.
• Executive Certification: Understanding Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 (KLplus CPE Course): This is a basic-level course that provides an overview of Sections 302 and 906 and describes disclosure controls procedures. It also explains the difference between disclosure controls and internal controls. This course will help you explain to clients the specific steps company officers should take immediately and over the long term, as well as what they must do before they certify. Upon completion of this course, you will be able to identify what executives are certifying under Section 302 and differentiate disclosure controls and procedures from internal controls.
• Introduction to the Sarbanes-Oxley Act of 2002 (KLplus CPE Course): This basic-level course provides a summary of the Sarbanes-Oxley Act and provides an overview of key sections. The course explains the role of the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) that was created by the Act to oversee auditors. Upon completion of this course, you will be able to identify high-level requirements of key sections (302, 404, 409 and 906) of the Sarbanes-Oxley Act (SOX), identify the role of the Securities and Exchange Commission (SEC), and identify the role of the Public Company Accounting Oversight Board (PCAOB).