Emerging risks seem to be an issue for all business processes these days. It's been 20 years and counting since the Sarbanes-Oxley legislation was passed. In theory the legislative requirements outlined are still in place. Although the requirements haven't changed, time has changed and as a result, execution of the processes has most likely changed. However, it would be amiss to not recognize that the passage of time has changed our world. Think of various events such as economic change, technological evolution, the pandemic etc. These are just a few of the changes that may have impacted the manner in which we execute some of the processes outlined in the SOX legislation.
Learning Objectives
Review of risk sourcing concepts Evaluating third-party risks Understanding the impact of SOC reporting Evaluating cybersecurity risks Evaluating economic risks Assessing PCAOB updated standards Examining ITGC, data analytics and the power of technology Assessing other risks
Major Topics
Sarbanes-Oxley Accounting Risk Assessment
