Mastering Sarbanes-Oxley Compliance: Strengthen Your Payroll Internal Controls
Don’t Risk Non-Compliance: Elevate Your Payroll Controls!
Instructor :
Mark Schwartz
Webinar ID:
11187
Date: JAN 02, 2025 (THU)
Start Time: 10 AM PT - 11:15 AM PT
Duration: 75 Mins.
What you will learn
-
- Origin And Summary Of SOX And Corporate Scandals Behind It
- Key SOX Sections: 302, 404, 802, PCAOB Focus Areas
- SOX Compliance: Executive, Board, And Required Internal Controls
- Internal Auditing, 3rd Party Reviews, Separation Of Duties….
-
- Origin And Summary Of SOX And Corporate Scandals Behind It
- Key SOX Sections: 302, 404, 802, PCAOB Focus Areas
- SOX Compliance: Executive, Board, And Required Internal Controls
- Internal Auditing, 3rd Party Reviews, Separation Of Duties
- Payroll Authorization, Reconciliation, And Regulatory Compliance Controls
- HR Internal Controls: Policies, Procedures, Compliance Examples
- Third-Party Administrators: SAS 70 And SSAE 16 Requirements
- Payroll Operations Assessment: Fringe Benefits, Payments, Accounts Payable
- Cybersecurity: Hack Risks, Costs, IT Security, Best Practices
Course Description
The Sarbanes-Oxley Act (SOX), enacted on July 30, 2002, was a response to major corporate scandals like Enron.
The law introduced stringent regulations aimed at preventing corporate fraud and protecting investors. Compliance with SOX is critical for public corporations, particularly in areas like payroll and internal controls.
This act places significant responsibility on boards of directors and enforces criminal penalties for misconduct.
The Securities and Exchange Commission (SEC) is tasked with developing regulations to ensure corporate compliance, and the Public Company Accounting Oversight Board (PCAOB) was established to oversee this process.
Key aspects of the SOX Act include:
-
- Banning company loans to executives
- Enforcing whistleblower protections, ensuring job security for employees reporting unlawful activities
- Stricter rules for accountants, auditors, and corporate officers
- Imposing tighter record-keeping requirements
Join this 75-minute interactive webinar led by Mark Schwartz, an employment tax specialist and payroll tax auditor with over 15 years of experience.
Mark will guide you through how SOX created new rules for payroll compliance and internal controls, along with how to avoid penalties for violating securities laws.
What You’ll Learn:
- The critical internal controls needed for SOX compliance
- Best practices for record-keeping to avoid penalties
- The role of payroll in adhering to SOX requirements
- How to protect whistleblowers and ensure compliance with reporting standards
Perfect for payroll managers, auditors, and HR professionals looking to stay compliant in today’s regulatory environment.
Join now!
The Sarbanes-Oxley Act (SOX), enacted on July 30, 2002, was a response to major corporate scandals like Enron.
The law introduced stringent regulations aimed at preventing corporate fraud and protecting investors. Compliance with SOX is critical for public corporations, particularly in areas like payroll and internal controls.
This act places significant responsibility on boards of directors and enforces criminal penalties for misconduct.
The Securities and Exchange Commission (SEC) is tasked with developing regulations to ensure corporate compliance, and the Public Company Accounting Oversight Board (PCAOB) was established to oversee this process.
Key aspects of the SOX Act include:
-
- Banning company loans to executives
- Enforcing whistleblower protections, ensuring job security for employees reporting unlawful activities
- Stricter rules for accountants, auditors, and corporate officers
- Imposing tighter record-keeping requirements
Join this 75-minute interactive webinar led by Mark Schwartz, an employment tax specialist and payroll tax auditor with over 15 years of experience.
Mark will guide you through how SOX created new rules for payroll compliance and internal controls, along with how to avoid penalties for violating securities laws.
What You’ll Learn:
- The critical internal controls needed for SOX compliance
- Best practices for record-keeping to avoid penalties
- The role of payroll in adhering to SOX requirements
- How to protect whistleblowers and ensure compliance with reporting standards
Perfect for payroll managers, auditors, and HR professionals looking to stay compliant in today’s regulatory environment.
Join now!
Why you should attend
The Sarbanes-Oxley Act (SOX) impacts nearly every aspect of corporate business, but there are specific payroll and HR areas that, if mismanaged, can lead to significant compliance violations.
This webinar will provide a focused look at those critical areas to help you stay compliant while improving overall efficiency.
What You’ll Learn:
-
- The key sections of SOX that apply to all companies
- Payroll and HR areas that require special attention to avoid violations
- The internal controls necessary for compliance, designed to boost your company’s efficiency and profitability
- How to ensure your reporting accurately reflects payroll and HR-related expenses
With growing concerns over cybersecurity, the Public Company Accounting Oversight Board (PCAOB) has recently shifted its focus to SOX audits related to data breaches. Several high-profile breaches have caused severe disruptions to corporate operations, highlighting the need for strong security measures.
In this interactive session, you’ll learn:
- How to evaluate your IT systems for vulnerabilities
- Actionable advice from the SEC and other regulatory bodies on how to protect your organization from cyber threats
Stay ahead of potential risks, enhance your internal controls, and protect your business.
Enroll Now!
The Sarbanes-Oxley Act (SOX) impacts nearly every aspect of corporate business, but there are specific payroll and HR areas that, if mismanaged, can lead to significant compliance violations.
This webinar will provide a focused look at those critical areas to help you stay compliant while improving overall efficiency.
What You’ll Learn:
-
- The key sections of SOX that apply to all companies
- Payroll and HR areas that require special attention to avoid violations
- The internal controls necessary for compliance, designed to boost your company’s efficiency and profitability
- How to ensure your reporting accurately reflects payroll and HR-related expenses
With growing concerns over cybersecurity, the Public Company Accounting Oversight Board (PCAOB) has recently shifted its focus to SOX audits related to data breaches. Several high-profile breaches have caused severe disruptions to corporate operations, highlighting the need for strong security measures.
In this interactive session, you’ll learn:
- How to evaluate your IT systems for vulnerabilities
- Actionable advice from the SEC and other regulatory bodies on how to protect your organization from cyber threats
Stay ahead of potential risks, enhance your internal controls, and protect your business.
Enroll Now!
Areas Covered
- Origin and Summary of SOX
- Corporate Scandals That Led to the Passage of the Act
- Overview of Key Sections of SOX:
- Section 302: Reporting Requirements
- Section 404: 3rd Party Requirements and Internal Controls
- Section 802: Penalties for Non-Compliance
- PCAOB: Recent Changes and Areas of Focus
- SOX Compliance Specifics
- Executive and Board of Directors (BOD) Requirements
- What Internal Controls Are Required for Compliance?
- Specific Payroll and HR Control Areas
- How to Comply – Internal Controls
- Basics of Internal Auditing and/or 3rd Party Reviews
- Importance of Separation of Duties
- Payroll Authorization and Reconciliation Controls
- Regulatory Compliance Controls
- HR-Related Internal Control Examples
- Distinction Between Policies vs. Procedures
- Use of Third-Party Administrators
- SAS 70 Requirements
- SSAE 16 Requirements
- Internal Assessments of Payroll Operations
- Payroll Acknowledgment Procedures
- Fringe Benefits and Other Employee Payments
- Accounts Payable Expenses to Workers
- Conducting Payroll-Related Internal Assessments
- Cybersecurity Considerations
- Primer in Cybersecurity for Payroll and HR
- What Do Hackers Do?
- Devastating Costs and Risks of Cyber Hacks
- How to Integrate Internal Controls into IT Security
- Best Practices
- Enhancing Security and Compliance through Strong Internal Controls
BONUS:
- PDF copy of the presentation handout for your future reference.
- Soft copy of the certificate of completion on request.
- Q&A Session with the Presenter: Get your pressing questions answered verbally, via chat or email.
- Origin and Summary of SOX
- Corporate Scandals That Led to the Passage of the Act
- Overview of Key Sections of SOX:
- Section 302: Reporting Requirements
- Section 404: 3rd Party Requirements and Internal Controls
- Section 802: Penalties for Non-Compliance
- PCAOB: Recent Changes and Areas of Focus
- SOX Compliance Specifics
- Executive and Board of Directors (BOD) Requirements
- What Internal Controls Are Required for Compliance?
- Specific Payroll and HR Control Areas
- How to Comply – Internal Controls
- Basics of Internal Auditing and/or 3rd Party Reviews
- Importance of Separation of Duties
- Payroll Authorization and Reconciliation Controls
- Regulatory Compliance Controls
- HR-Related Internal Control Examples
- Distinction Between Policies vs. Procedures
- Use of Third-Party Administrators
- SAS 70 Requirements
- SSAE 16 Requirements
- Internal Assessments of Payroll Operations
- Payroll Acknowledgment Procedures
- Fringe Benefits and Other Employee Payments
- Accounts Payable Expenses to Workers
- Conducting Payroll-Related Internal Assessments
- Cybersecurity Considerations
- Primer in Cybersecurity for Payroll and HR
- What Do Hackers Do?
- Devastating Costs and Risks of Cyber Hacks
- How to Integrate Internal Controls into IT Security
- Best Practices
- Enhancing Security and Compliance through Strong Internal Controls
BONUS:
- PDF copy of the presentation handout for your future reference.
- Soft copy of the certificate of completion on request.
- Q&A Session with the Presenter: Get your pressing questions answered verbally, via chat or email.
Who is this course for
Maximize the Learning Experience in A Group Setting!
- Payroll Manager
- HR Director
- Chief Financial Officer (CFO)
- Internal Auditor
- Compliance Officer
- Controller
- Tax Manager
- Finance Director
- Corporate Treasurer
Maximize the Learning Experience in A Group Setting!
- Payroll Manager
- HR Director
- Chief Financial Officer (CFO)
- Internal Auditor
- Compliance Officer
- Controller….
Instructor Profile
Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of 20 ongoing audits, from small home-based businesses to large multi-national corporations. He is expert at defining regulatory and statutory requirements from local, State and Federal government agencies; and helping the average businessperson understand what that means to their business. He has processed weekly and bi-weekly payroll checks plus tax forms for businesses with hourly as well as exempt workers, multistate operations and a wide variety of benefits.
Mr.Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. Mark has represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting your employees.
Mark prides himself on his outstanding customer service skills. He listens attentively to his clientele, helping them bridge the gap between the small business world and Government bureaucracy. He eagerly assists with clients needs and feels that educating clients toward faster, accurate and more complete payroll processes provide the most value.
Mark is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. Mark is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.
