COSO / FDICIA / SOX – Practical Advice and Strategic Methodology for Initial Implementations and Annual Updates
After recently completing AICPA’s 17-hour certification program for COSO, I was struck by the scarcity of any substantive pragmatic advice for implementing COSO / FDICIA / SOX. Since the COSO guidance is not bank specific, few examples apply. Additionally, one receives COSO certification without ever pragmatically learning about scope, significance, control and risk articulation and testing. My experience with the certification program begs the addition of this follow-on “how to”. – David Sidon, CPA
Join FMS and The Navis Group for a practical workshop webinar designed for CFO, Controllers, CRO’s and Audit Managers as a view into best practices and an overview of COSO/FIDICIA/SOX.
- Refresher overview of COSO, FDICIA (at $1 billion), SOX
- Best practices, including organizational responsibilities, leadership, ownership, timing, logistics, testing, on-going and annual updates
- Putting “mapping” first, not last – COSO principles and financial linkage as the starting point; table of contents
- Review of a sample set of Excel COSO matrices
- Review of a COSO “narrative” matching management assertions with COSO’s 17 principles and 87 focus points
- For larger institutions, the benefits of a “refresh” re-scoping
- COSO 101 Powerpoint – suitable for Boards, Audit Committees, Management teams
- Navis’ “COSO / FDICIA / SOX Playbook”
David B. Sidon, CPA
President, Navis Partners, LLC d/b/a The Navis Group
Mr. Sidon founded The Navis Group in 2003, providing consulting services to financial institutions for strategic planning, capital planning, and organizational and operational efficiencies, structures and problem resolution. A former community bank CEO, his forty-five years of business experience include public accounting and all facets of financial institution management.
The Navis Group specializes in COSO / FDICIA / SOX compliance, having assisted 40+ banks with implementations and updates over the past ten years.
Mr. Sidon is a regular contributor to various banking association publications, and has facilitated day-long seminars for Mass. Bankers, CT Bankers, NH Bankers, NY Bankers, Kentucky Bankers and Maryland Bankers, as well as serving as a faculty member for CT Bankers’ School for Financial Management.
Kevin W. Nunes
Senior Consultant, Navis Partners, LLC d/b/a The Navis Group
Mr. Nunes joined The Navis Group in 2014 as a consulting associate with a primary emphasis on the firm’s FDICIA/SOX financial reporting controls engagements, which has become a mainstay of the firm’s practice. Additional areas of Kevin’s focus include strategic planning, balance sheet modeling, spreadsheet/model risk and policy writing.
Formerly, Mr. Nunes served as CFO for Gloucester Bank & Trust for eight years and was directly responsible for asset/liability management and liquidity planning, management of the bank’s investment portfolio, and development of financial models for strategic planning.
His eclectic career also includes highly-specialized expert witness damage calculations, working with over 80 Native American tribes in their law suits against the United States for the government’s breach of trust in re: its trust obligations over Native American financial and natural resource assets.
Registration to the live session includes:
- One online connection
- CPE credit for registrant
- Permission to reproduce the handouts and other written material for additional attendees at your location
Only registered attendees of the live session can obtain CPE credit. Attendees of FMS live webinars also receive two views of the On-Demand version of the program they attend. Use this bonus feature to share the program with colleagues or as a refresher at a later date. Instructions for viewing the on-demand session will be emailed to you at the conclusion of the live event.
|| Earn up to 1 hours of CPE credit.
- Level: Basic
- Prerequisites: None
- Advance preparation: None
- Field of Study: Auditing - Technical
- Instructional Method: Group Internet Based
- Length: 60 minutes
For more information regarding administrative policies such as concerns or refunds, call 800-ASK-4FMS (800-275-4367). FMS is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses. Complaints regarding sponsors may be addressed to: The National Registry of CPE Sponsors, 150 Fourth Avenue, North, Suite 700, Nashville, TN 37219-2417 Web: www.nasba.org.
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