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Strategies for remediating pervasive internal control weaknesses
January 30 @ 1:00 pm – 2:00 pm EST
For companies with a distressed internal control environment or new to the public company ecosystem, remediating significant deficiencies or material weaknesses in their financial reporting requires an effective execution strategy.
Many publicly traded organizations struggle with maintaining effective internal controls over financial reporting. Remediating significant control deficiencies or material weaknesses can be a multiyear challenge that can lead to increased audit costs, departure of talent and an inability to scale business operations effectively if not handled correctly. Organizations that tackle the problem with an investment in addressing their root causes with precision are the most successful. Solutions may include a combination of people, process, technology and internal control change management.
Join RSM US LLP’s webcast Tuesday, Jan. 30, for a deep dive into the best practices for effective and efficient remediation of material weaknesses and significant deficiencies in financial reporting.
Presenters
Bob Herman | Managing Director | RSM US LLP
Eliot Mitchell | Director | RSM US LLP
Ryan Pierson | Principal | RSM US LLP
Learning objectives
Upon completion of this webcast, attendees will be able to:
- Understand the most common significant deficiencies and material weaknesses identified by external auditors in companies’ financial reporting, as well as the future areas of focus driven by recent guidance from the Public Company Accounting Oversight Board.
- Identify the most prevalent root causes for a significant deficiency or material weakness.
- Explain the numerous ways in which organizations fail to remediate significant control issues effectively and efficiently.
- Describe the most effective programmatic and tactical solutions for remediating significant control issues.
CPE credits
CPE credit available
RSM US LLP is pleased to offer 1.0 CPE credits for attending each webcast. To qualify, you must log in to the webcast and provide your first name, last name and email address. You must remain logged in for a minimum of 50 minutes and answer 75 percent of the polling questions to receive credit. Group CPE is not available. For more information regarding administrative policies, such as refunds, cancellations and complaints, please contact us.
RSM US LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Advance preparation: None
Program level: Basic
Prerequisites: None
Delivery method: Group internet-based
Field of study: Auditing
CPE: 1.0 credits per webcast
