SOX Conference 2016: Internal Controls Update
Fraud Discussion
Presented in Oct 2015 by Pam Verick from Protiviti
SOX & Internal Controls Update Conference – D.C./Tysons Corner
See link here for 2016 SOX Conference details: 2016 SOX Conference in San Francisco June
Pam opened with a discussion of fraud issues that are trending with boards and management including:
how companies are defending against cyber crime
impact of the fraud principle (COSO 2013)
roles and responsibilities for fraud risk management
reviewing framework for internal investigations
requesting anti-corruption compliance audits
Hot topics affecting fraud risk activities include the Caldwell Memo – outline DOJ expectations for companies trying to get credit for cooperation, Schrems Decision which invalidates US-EU safe harbor, and PCAOB Inspections Briefs and their areas of focus.