2022 SOX Virtual Conference
July 28 | 10:00 a.m.–4:30 p.m. ET | 6.6 CPEs
Seeking SOX Action. Finding SOX Solutions.
The IIA is pleased to present a unique event honoring the 20th anniversary of the all-important implementation of the Sarbanes-Oxley Act.
Sponsored By:
This one-of-a-kind, 20-years-in-the-making, the one-day virtual conference brings together SOX subject matter experts to help internal auditors of all levels evolve their compliance program and understand cybersecurity risk management, strategy, governance, and incident disclosure regulations proposed by the Securities and Exchange Commission (SEC) for public companies.
Speakers
Andy Fastow
Former CFO, Enron Corporation
Opening Keynote: Rules Versus Principles
Richard F. Chambers, CIA, QIAL, CCSA, CGAP, CRMA
Senior Internal Audit Advisor, Auditboard
Former President & CEO, The Institute of Internal Auditors
View the program Download the Abstracts & Bios
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Andy Fastow
Former Chief Financial Officer
Enron CorporationCan a transaction that technically complies with the rules be considered unethical or illegal? Is it acceptable to engage in a transaction that technically complies with the rules, but that may be unethical or misleading? Is it ever appropriate to depart from GAAP or IFRS? Is SOX alone sufficient to ensure compliance and to protect the company from enforcement actions, lawsuits, short-sellers, and social media mobs? This presentation will cite examples of transactions that were technically compliant, but which led to devastating consequences for the company stakeholders, and also explore the thinking by management that led to the problems.
In this session, participants will:
- Better understand how to identify ethically challenging situations.
- Learn techniques for raising concerns related to ethically challenging situations.
- Examine the difference between “ethics” and “compliance.”
- Recognize that companies often misprice and mismanage risk in the “gray areas.”
Andy Fastow was the CFO of Enron from 1998 to 2001. In 2004, he pled guilty to two counts of securities fraud, and was sentenced to six years in federal prison. Having completed his sentence in 2011, he currently provides litigation support at a law firm and consults with directors, attorneys, and hedge funds on how best to identify potentially critical finance, accounting, compensation, and cultural issues. Since his release from prison, he has also been a guest lecturer/keynote speaker at universities, corporations, and conferences, including those held by the United Nations, FBI, Association of Certified Fraud Examiners, American Accounting Association, and Financial Times.
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Aruna Iyer, CISA, CPA
Director, Internal Audit & SOX Compliance
RingCentralJaime Phillips
Principal
PwCKristy Witkowski
Managing Director
CitiJoin our panel of experts as we take this opportunity to reflect on the 20-year history of Sarbanes-Oxley, its ongoing evolution over the past two decades, and what to embrace as we look forward.
In this session, participants will:
- Examine characteristics of organizations with a mature SOX compliance program.
- Discuss SOX moving beyond compliance to value-add for organizations.
- Explore the influence of SOX over internal audit planning.
- Assess opportunities for automation and successful practices in SOX compliance.
- Understand the evolving regulatory environment and what organizations are doing to prepare.
Kristy Witkowski joined Citi in 2018 and is currently the Chief Auditor of NAM Controllers & Global Tax. Her coverage includes the SOX program, SEC reporting, US regulatory reporting and governance, and tax compliance and reporting. Prior to her tenure at Citi, she spent more than 15 years at PwC across their external audit and accounting advisory practices, working in New York, Tokyo, London, and Mexico. There, Witkowski was responsible for coordinating and delivering multinational audits of public institutions in the banking and capital markets sectors and aiding clients with implementation of complex accounting standards.
Additional Speaker Bios Being Finalized
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Robert Minitti, CPA, CFE, CVA, MAFF, CFF, CGMA, PI, DBA
President
Minitti CPA, LLCAlmost everyone will agree that the COVID-19 pandemic has changed many aspects of the way we conduct internal audits, including audits of an organization’s internal controls. Auditing internal controls is more subjective than auditing other areas of an organization. There is no “one size fits all” set of internal controls. This course will discuss changes in audits of internal controls, from risk assessments and conducting walkthroughs to hypothesis testing. It will also evaluate different methods of conducting internal control audits, including the use of technology, and remote auditing.
In this session, participants will:
- Understand how to use technology, including data analytics, to audit internal controls.
- Share ways to improve efficiencies while conducting internal audits.
- Discuss proposed SEC standards for disclosing cybersecurity internal controls.
- Hear about internal controls for increasingly popular crypto-assets (safeguarding and recording).
Bio Being Finalized
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Brian Tremblay, CIA, CISA
Compliance Practice Leader
OnapsisThe word automation is used a lot, and by a lot of companies. Though promises to ‘automate your SOX audits’ are often delivered on from an administrative standpoint, the majority of the work, including managing requests, walkthroughs, and screenshots, and conducting the actual testing, is still done manually. Emerging usage of technologies like RPA may alleviate some of these challenges, but it also brings additional considerations. We all desire to automate as much SOX work as possible, yet the solutions aren’t available to really do so today. Or are they? What if solutions DID exist to automate the actual work of SOX testing, they have just been outside the view of the second and third lines?
In this session, participants will:
- Briefly review the challenges faced in executing SOX audits.
- Learn about various technologies that exist outside the common offerings and the functionality they offer.
- Re-think how they leverage existing technologies in their organization for SOX audits.
- Explore options within their organization that can further SOX automation efforts.
Brian Tremblay works closely with information security professionals seeking to leverage cyber technologies for audit and compliance use cases, facilitating new ways to think about technologies that can be disruptive to the profession and enable audit and compliance leaders everywhere. He has spoken at many IIA conferences.
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Richard F. Chambers, CIA, QIAL, CCSA, CGAP, CRMA
Senior Internal Audit Advisor
AuditBoardRichard Chambers is the Senior Internal Audit Advisor for AuditBoard, overseas Honorary Dean of China’s Nanjing Audit University, and Founder and Chief Practice Leader of Richard F. Chambers & Associates. He previously served for 12+ years as President and CEO of The IIA. His 40+ years of internal audit experience includes National Practice Leader in Internal Audit Advisory Services at PwC; Inspector General of the Tennessee Valley Authority; Deputy Inspector General of the U.S. Postal Service; and Director of the U.S. Army Worldwide Internal Review Organization at the Pentagon. Chambers is a globally recognized blogger and award-winning author of The Speed of Risk: Lessons Learned on the Audit Trail, 2nd Edition; Trusted Advisors: Key Attributes of Outstanding Internal Auditors; Lessons Learned on the Audit Trail; and Agents of Change: Internal Auditors in an Era of Disruption.
Session Description Being Finalized
View the Abstracts and Bios
During the five conference sessions, attendees will engage, and…
- Reflect on the past progress and future possibilities of SOX.
- Understand the impact of SOX on internal audit plans and staffing resources.
- Explore opportunities to gain efficiencies and maximize the use of technology.
- Consider the evolving regulatory environment and proposed changes.
Check the SOX box!
- Member Rate: $599
- Nonmember Rate: $665
*Member discount applied at checkout.
Group Discounts
Discounts are available for groups 10+ and only apply to IIA members. If you want more information on Group discounts or are interested in making a Group purchase, contact Group Services.
Call: +1-407-937-1397