SOX Part 404 – Implementation for Oil and Gas Companies

As a result of failures of large public companies due to poor corporate governance, public companies are required to meet the new standards of corporate governance legislated by Congress through the Sarbanes-Oxley Act. Individuals attending this (one or two) day seminar will be introduced to the Sarbanes-Oxley Act (SOX) and in particular Section 404 of the Act. The focus of the seminar will be on the understanding and “hands-on” implementation of the SOX Act.

Who Should Attend:

Corporate Executives, Chief Financial Officers, Corporate Controllers, Directors of Audit, Directors of Financial Reporting; Project Managers, Process Owners and Public Accountants who perform audits

Upon Completion of the Program, Participants will be Able to:

§ Understand the basic sections of the Sarbanes-Oxley Act

§ Understand the COSO framework and its application

§ Understand the methods to achieve documentation and testing of internal controls

§ Perform “hands-on” documentation and testing of Section 404 activities

§ Understand and perform project planning activities

Key Topics and Objectives:

Introduction and Background – The Sarbanes –Oxley Act and its Objectives

Documentation and Evidence of Effective Internal Controls

SOX Project Planning – Four Phases

SOX Execution and Identification of Key Financial Processes & Cycles

Evaluating Internal Control and Reporting Deficiencies

Case Studies and Applications of SOX

Quality programs – offered on-site and adapted for your company. Contact Jim Hoffman at 214.763.9644 or via email at jhoffman@pdi.org. Visit us online at www.pdi.org