Internal Controls and Strong Processes: The Dynamic Duo

Key Takeaways

Internal control and SOX compliance teams face a twin dilemma lately: a wider range of SEC enforcement actions based on weak internal controls, and persistent difficulty in developing strong, reliable processes to reduce ICFR and disclosure risks. So how can internal control teams thread that needle? 

After this webinar, you'll be able to:

• Outline several recent SEC enforcement actions that demonstrate the scope of potential trouble that weak internal controls can cause

• Recognize the role that internal controls should play in building strong, evidence-based processes to guide financial reporting

• Discuss challenges in developing strong ICFR, especially for risks driven by the pandemic or Critical Audit Matters