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Sarbanes-Oxley: Meeting the Regulatory Challenge

Understand what Sarbanes-Oxley means for you and your organisation in Asia.

Price: USD 1,500 per delegate

Group discounts available: please enquire

  • Location:  Hong Kong
  • Upcoming dates: Please enquire

This intensive 2 day course is led by highly experienced industry practitioners. Our trainers are professional risk managers and consultants who are actively involved in Sarbanes-Oxley and risk work. They can not only explain the regulations and the latest thinking in changes and direction, but can also provide many practical examples and case studies to aid understanding of the rules and how best to implement for competitive advantage.


  • Detailed understanding of the complex Sarbanes-Oxley regulations, laid out in a clear and straightforward manner
  • Equip yourself to lead or contribute to Sarbanes-Oxley strategic, financial or technical compliance projects
  • Through numerous case studies and examples learn best practice for implementing key sections of the regulations
  • Understand individual accountability and management responsibility under Sarbanes-Oxley
  • Learn about the COSO framework and how to use it effectively
  • Learn how to best implement Sarbanes-Oxley and align with other key compliance areas including Basel II and Operational Risk


  • Board of Directors
  • IT and Information Security Directors, Managers and Professionals
  • Chief Risk and Compliance Officers
  • IT and Security Process Owners
  • Network, System and Security Administrators
  • IT Auditors
  • IT, Security and Management Consultants


Companies throughout Asia and the world must comply with the Sarbanes-Oxley regulations. Following the passage of the US Sarbanes-Oxley Act in 2002 (SOX), and subsequent introduction of regulations in Europe (E-SOX) and Japan (J-SOX), all companies listed on an exchange in these regions are required to comply.

Furthermore there are extremely important extraterritorial consequences. The Offshore Financial Centres (OFCs) must enact legislation to prove that they have an "equivalent level of regulation", to protect their auditors from being subject to a tough oversight regime.

The Sarbanes-Oxley Act was enacted following the corporate and accounting scandals surrounding Enron, Tyco International, Peregrine Systems and WorldCom. It requires corporate compliance with higher accounting standards, improved standards in corporate reporting and greater financial transparency.

President George Bush called it "the most far-reaching reforms of business practices since the time of Franklin D. Roosevelt".

This course will cover the detailed scope of the regulations, the COSO framework and how to best implement within your organisation for competitive advantage. The possibilities of outsourcing services, working with service providers and aligning compliance projects and regulations from other areas will all be considered.

Some of the issues specific to the Asia region include whistle-blowing, executive compensation and technology and operations. Your expert trainer will discuss how these are relevant you and your organisation.

Through informed discussion of the requirements and current issues, as well as relevant examples and case studies, the full impact, challenges and possibilities of these regulations in Asia will be brought to life.

Detailed Course Syllabus

The Sarbanes-Oxley Act

The Need for Sarbanes-Oxley

US federal legislation: Financial reporting or corporate governance?

The Sarbanes-Oxley Act of 2002: Key Sections


The Act and its interpretation by SEC and PCAOB

PCAOB Auditing Standards: What we need to know

Management's Testing and Documentation

Reports used to Validate SOX Compliant IT Infrastructure

Documentation Issues

Sections 302, 404, 906 and the three certifications

Sections 302, 404, 906: Examples and case studies

Management's Responsibilities

Committees and Teams

Project Team Section 404: Reports to Steering Committee

Steering Committee Section 404: Reports to Certifying Officers and cooperates with Disclosure Committee

Disclosure Committee: Reports to Certifying Officers and cooperates with Audit Committee

Certifying Officers and Audit Committee: Report to the Board of Directors

Control Deficiency

Deficiency in Design and in operation

Significant Deficiency and Material Weakness

Is it a Deficiency, or a Material Weakness?

Reporting Weaknesses and Deficiencies. Examples and Case Studies

Public Disclosure Requirements

Real Time Disclosures on a rapid and current basis?

Whistleblower protection

Rulemaking process

Companies Affected. International companies. Foreign Private Issuers (FPIs)

American Depository Receipts (ADRs)

Types of ADR programs

Employees Affected

Effective Dates

Internal Controls - COSO

The Internal Control Integrated Framework by the COSO committee

Using the COSO framework effectively

The Control Environment

Risk Assessment and Control Activities

Information and Communication


Effectiveness and Efficiency of Operations

Reliability of Financial Reporting

Compliance with applicable laws and regulations

IT Controls and Sarbanes-Oxley Act Relevance

Program Development and Program Change

Deterrent, Preventive, Detective, Corrective, Recovery

Compensating, Monitoring and Disclosure Controls

Layers of overlapping controls

Scope of Sarbanes-Oxley Project

The most important challenge: The scope

Discussing the scope with the external auditors


In or out of scope?

Is it relevant to Sarbanes-Oxley?

Using SOX as an excuse

Computer Forensics Investigation?

Business Intelligence?

Business Continuity and Disaster Recovery?

Third-party service providers and vendors

Redefining outsourcing

Outsourcing services and Sarbanes-Oxley compliance

The new definition of outsourcing

Outsourcing after Sarbanes-Oxley

Offshore outsourcing is also redefined

Global Reach of Sarbanes-Oxley

Worldwide adoption of Sarbanes-Oxley

The J-SOX and E-SOX directives adopted in Japan and Europe

Implications of Sarbanes-Oxley in Asia

How are Asian companies affected by Sarbanes-Oxley

Efficient compliance for maximum business benefit