1/31/2018 Certified Sarbanes-Oxley Expert (CSOE) Distance learning and Online Certification Program

(http://www.sarba
nes-oxley-
association.com/)

Certified Sarbanes-Oxley Expert (CSOE), distance learning and

online certification program
Objectives
The program has been designed to provide with the knowledge and skills needed to understand
and support Sarbanes-Oxley compliance, and to become a Certified Sarbanes Oxley Expert
(CSOE).

Target Audience
This course is highly recommended for:

- Managers and employees involved in the design and implementation of Sarbanes-Oxley related
strategies, policies, procedures, risk assessments, control activities, testing, documentation,
monitoring and reporting.
- Risk, compliance and IT managers and employees.
- Internal and external auditors.
- Data owners.
- Process owners.
- Consultants, suppliers, service providers.

Course Synopsis
Part 1
Introduction.
The CSOE exam.

The need.
The Sarbanes-Oxley Act.
Companies affected.
Does each provision apply to every company?
Foreign Private Issuers (FPIs).
The Registration Process.
EDGAR - Electronic Data Gathering, Analysis, and Retrieval system.
Case studies.
Companies affected - American Depository Receipt (ADR) program.
Level 1 ADR.

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1/31/2018 Certified Sarbanes-Oxley Expert (CSOE) Distance learning and Online Certification Program

Level 2 ADR.
Level 3 ADR.
Employees affected.

The Sarbanes-Oxley Act - Key Sections.

Title I—Public Company Accounting Oversight Board.

Sec. 101. Establishment; administrative provisions.
Sec. 102. Registration with the Board.
Sec. 103. Auditing, quality control, and independence standards and rules.
Sec. 104. Inspections of registered public accounting firms.
Sec. 105. Investigations and disciplinary proceedings.
Sec. 106. Foreign public accounting firms.
Sec. 107. Commission oversight of the Board.
Sec. 108. Accounting standards.
Sec. 109. Funding.

Title II—Auditor independence.

Sec. 201. Services outside the scope of practice of auditors.
Sec. 202. Preapproval requirements.
Sec. 203. Audit partner rotation.
Sec. 204. Auditor reports to audit committees.
Sec. 205. Conforming amendments.
Sec. 206. Conflicts of interest.
Sec. 207. Study of mandatory rotation of registered public accounting firms.
Sec. 208. Commission authority.
Sec. 209. Considerations by appropriate State regulatory authorities.

Title III—Corporate Responsibility.

Sec. 301. Public company audit committees.
Sec. 302. Corporate responsibility for financial reports.
Sec. 303. Improper influence on conduct of audits.
Sec. 304. Forfeiture of certain bonuses and profits.
Sec. 305. Officer and director bars and penalties.
Sec. 306. Insider trades during pension fund blackout periods.
Sec. 307. Rules of professional responsibility for attorneys.
Sec. 308. Fair funds for investors.

What the critics say.

Title IV—Enhanced Financial Disclosures.

Sec. 401. Disclosures in periodic reports.
Sec. 402. Enhanced conflict of interest provisions.
Sec. 403. Disclosures of transactions involving management and principal stockholders.
Sec. 404. Management assessment of internal controls.
Sec. 405. Exemption.

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Sec. 406. Code of ethics for senior financial officers.

Sec. 407. Disclosure of audit committee financial expert.
Sec. 408. Enhanced review of periodic disclosures by issuers.
Sec. 409. Real time issuer disclosures.

What the critics say.

Title V—Analyst Conflicts of Interest.

Title VII—Studies and Reports.

Title VIII—Corporate and Criminal Fraud Accountability.

Sec. 801. Short title.
Sec. 802. Criminal penalties for altering documents.
Sec. 803. Debts no dischargeable if incurred in violation of securities fraud laws.
Sec. 804. Statute of limitations for securities fraud.
Sec. 805. Review of Federal Sentencing Guidelines for obstruction of justice and extensive criminal
fraud.
Sec. 806. Protection for employees of publicly traded companies who provide evidence of fraud.
Sec. 807. Criminal penalties for defrauding shareholders of publicly traded companies.

Whistleblowers – a Qui Tam Provision.

Whistleblowers after Sarbanes-Oxley.
Foreign Whistleblowers.
Whistleblowers after the Dodd-Frank Act.

Title IX — White Collar Crime Penalty Enhancements.

Sec. 901. Short title.
Sec. 902. Attempts and conspiracies to commit criminal fraud offenses.
Sec. 903. Criminal penalties for mail and wire fraud.
Sec. 904. Criminal penalties for violations of the Employee Retirement Income Security Act of
1974.
Sec. 905. Amendment to sentencing guidelines relating to certain white-collar offenses.
Sec. 906. Corporate responsibility for financial reports.

Sections 302 – 404 - 906

Committees and Teams – Review.

Part 2
The SEC and the Sarbanes Oxley Act.
The Securities Act of 1933.
The Securities Exchange Act of 1934.
How the SEC Rulemaking Process works.
SEC investigation.
Common violations that may lead to SEC investigations.

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1/31/2018 Certified Sarbanes-Oxley Expert (CSOE) Distance learning and Online Certification Program

Disclosing an investigation.
Document retention.
Settlements.

The PCAOB.
The PCAOB rulemaking process.
PCAOB Auditing Standard No. 1.
PCAOB Auditing Standard No. 2.
Management's Documentation.
Performing Walkthroughs.
Narratives.
Process maps.
Timing - Tests of Controls.
Auditing Standard No. 3.
Audit documentation.
Who reviews work papers.

Auditing Standard No. 4.

Reporting on Whether a Previously Reported Material Weakness Continues to Exist.
Sufficient competent evidence.

Auditing Standard No. 5.

What is a control objective.
What is deficiency in design or operation.
What is a material weakness.
Controls.
Multiple Locations Scoping Decisions.
Planning the Audit.
Addressing the Risk of Fraud.
Using the Work of Others.
Using a Top-Down Approach.
Entity-Level Controls.
Activity-Level Controls.
Performing Walkthroughs.
Evaluating Identified Deficiencies.
Communicating Certain Matters.

Auditing Standard No. 6.

Evaluating the Consistency of Financial Statements.

Auditing Standard No. 7.

Engagement Quality Review.

Auditing Standard No. 8.

Audit Risk.

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Auditing Standard No. 9.

Audit Planning.

Auditing Standard No. 10.

Supervision of the Audit Engagement.

Auditing Standard No. 11.

Consideration of Materiality in Planning and Performing an Audit.

Auditing Standard No. 12.

Identifying and Assessing Risks of Material Misstatement.

Auditing Standard No. 13.

Responding to the Risks of Material Misstatement.

Auditing Standard No. 14.

Evaluating Audit Results.

Auditing Standard No. 15.

Audit Evidence.

Auditing Standard No. 16.

Communications with Audit Committees.
Matters Included in the Audit Engagement Letter.
Significant Unusual Transactions.
Difficult or Contentious Matters.
Uncorrected and Corrected Misstatements.
Disagreements with Management.
Difficulties Encountered in Performing the Audit.

PCAOB, Reorganization of Auditing Standards.

General Auditing Standards.
Audit Procedures.
Auditor Reporting.
Matters Relating to Filings Under Federal Securities Laws.
Other Matters Associated with Audits.

Part 3
Scope of Sarbanes-Oxley.
Is it relevant to Sarbanes Oxley?
Software.
Spreadsheets.
Controls for the spreadsheets.
SAS 70.
Advantages of SAS 70 Type II.

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1/31/2018 Certified Sarbanes-Oxley Expert (CSOE) Distance learning and Online Certification Program

Disadvantages of SAS 70 Type II.

SAS 70 has been replaced by new standards
Problems.

E-SOX - The 8th Company Law Directive of the European Union.

Ahold, Parmalat.
Article 45 - Registration and oversight of third-country auditors and audit entities.
Article 46 - Derogation in the case of equivalence.

J-SOX - The Financial Instruments and Exchange Law.

J-SOX is an international project.

Part 4
The Frameworks.
Committee of Sponsoring Organizations (COSO).
1992, COSO Internal Control — Integrated Framework.
The COSO cube.

Control Environment.
Risk Assessment.
Control Activities.
Information and Communication.
Monitoring.

Effectiveness and Efficiency of Operations.

Reliability of Financial Reporting.
Compliance with applicable laws and regulations.

2013, COSO Internal Control — Integrated Framework.

The updated COSO cube.
Example: Cyber risk and COSO.

2004 - The COSO Enterprise Risk Management (ERM) Framework.

The differences between COSO and COSO ERM.
Components of Enterprise Risk Management.
The COSO ERM cube.

Is COSO ERM needed for compliance?

Internal Environment.
Objective Setting.
Event Identification.
Risk Assessment.
Risk Response.
Control Activities.
Information and Communication.
Monitoring.

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1/31/2018 Certified Sarbanes-Oxley Expert (CSOE) Distance learning and Online Certification Program

Objectives: Strategic, Operations, Reporting, Compliance.

ERM – Application Techniques
2017 - The updated COSO ERM
Enterprise Risk Management and Strategy Selection.

Control Objectives for IT - COBIT.

COBIT 5.

Part 5
The Dodd-Frank Act and the Sarbanes-Oxley Amendments.
Understanding the Dodd-Frank Act.
SOX is part of the new regulatory reform.
Five key objectives.
The PCAOB for the Dodd-Frank Act.
Basel ii /iii and the Dodd-Frank Act.
The Financial Stability Oversight Council.
The Orderly Liquidation Authority.
The new Federal Insurance Office.
The Volcker Rule.
The new whistleblower protection rules. The Sarbanes-Oxley amendment.
Investor Protection and Securities Reform Act.
Concluding Remarks.

For secure payment we work with PayPal, the faster and safer way to make online payments. With
PayPal we minimize the cost of administration and compliance with national and international
laws, so we can keep the cost of our programs and services so low.

Only PayPal receives your credit card number and your financial information. We receive your full
name, your email, and your mail address. According to the PayPal rules, you have the option to ask
for a full refund up to 60 days after the payment. If you do not want one of our programs or
services for any reason, all you must do is to send us an email and we will refund the payment, no
questions asked.

When you click "Buy Now" below, you will be redirected to the PayPal web site. Your payment will
be received by our strategic partner and service provider, Cyber Risk GmbH (Rebackerstrasse 7,
8810 Horgen, Switzerland, Handelsregister des Kantons Zürich, Firmennummer: CHE-
244.099.341). Cyber Risk GmbH may also send certificates to all members.

The all-inclusive cost is $147.

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1/31/2018 Certified Sarbanes-Oxley Expert (CSOE) Distance learning and Online Certification Program

(https://secure.trust-guard.com/certificates/www.sarbanes-oxley-association.com)

(https://secure.trust-guard.com/certificates/www.sarbanes-oxley-association.com)

(https://secure.trust-guard.com/certificates/www.sarbanes-oxley-association.com)

(https://secure.trust-guard.com/certificates/www.sarbanes-oxley-association.com)

What is included in this price:

A. The official presentations we use in our instructor-led classes (1,022 slides)

Course Synopsis: www.sarbanes-oxley-association.com/CSOE_Course_Synopsis.htm
(http://www.sarbanes-oxley-association.com/CSOE_Course_Synopsis.htm)

B. Up to 3 Online Exams
There is only one exam you need to pass, in order to become a Certified Sarbanes-Oxley Expert
(CSOE). If you fail, you must study the official presentations, but you do not need to spend money
to try again. Up to 3 exams are included in the price. To learn more you may visit:

www.sarbanes-oxley-
association.com/Questions_About_The_Certification_And_The_Exams_1.pdf
(http://www.sarbanes-oxley-
association.com/Questions_About_The_Certification_And_The_Exams_1.pdf)

www.sarbanes-oxley-association.com/CSOE_Certification_Steps_1.pdf (http://www.sarbanes-
oxley-association.com/CSOE_Certification_Steps_1.pdf)

C. Your certificate
Processing and posting to your office or home (via registered mail).

Steps - To become a Certified Sarbanes-Oxley Expert (CSOE)

Step 1. For secure payment we work with PayPal, the faster and safer way to make online
payments. With PayPal we minimize the cost of administration and compliance with national and
international laws, so we can keep the cost of our programs and services so low.

Only PayPal receives your credit card number and your financial information. We receive your full
name, your email, and your mail address. According to the PayPal rules, you have the option to ask
for a full refund up to 60 days after the payment. If you do not want one of our programs or
services for any reason, all you must do is to send us an email and we will refund the payment, no
questions asked.

When you click "Buy Now" below, you will be redirected to the PayPal web site. Your payment will
be received by our strategic partner and service provider, Cyber Risk GmbH (Rebackerstrasse 7,
8810 Horgen, Switzerland, Handelsregister des Kantons Zürich, Firmennummer: CHE-
244.099.341). Cyber Risk GmbH may also send certificates to all members.

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1/31/2018 Certified Sarbanes-Oxley Expert (CSOE) Distance learning and Online Certification Program

The all-inclusive cost is $147

Step 2. We will send you the official presentations via email, in less than 24 hours.

Step 3. When you are ready for the exam, please let us know. Send an email to Lyn Spooner at:
lyn@sarbanes-oxley-association.com (mailto:lyn@sarbanes-oxley-association.com) and we will
send your username and password.

You can learn more at: www.sarbanes-oxley-

association.com/Questions_About_The_Certification_And_The_Exams_1.pdf
(http://www.sarbanes-oxley-
association.com/Questions_About_The_Certification_And_The_Exams_1.pdf)

Certification Steps: www.sarbanes-oxley-association.com/CSOE_Certification_Steps_1.pdf

(http://www.sarbanes-oxley-association.com/CSOE_Certification_Steps_1.pdf)

Step 4. If you pass, you will learn it immediately after the exam. You will be a Certified Sarbanes-
Oxley Expert (CSOE), and you will be entitled to write about your certificate in your CV, resume,
websites etc.

Step 5. We will send your signed and stamped certificate (priority and registered dispatch, with
tracking number to track the shipment and get delivery status online). You will receive it up to 3
months after the day you will pass the exam.

Step 6. If you do not pass the exam, you must study the official presentations. Try to understand
the details. You will have the opportunity to try again.

Step 7. You will have (at no extra cost) a second opportunity to sit for the exam. You can use the
same Username, Password and Account information.

Step 8. If you do not pass again, you must study more. You will have (at no extra cost) a third
opportunity to sit for the exam. You can use again the same Username, Password and Account
information.

Step 9. If you do not pass the third time, you will have (at no extra cost) another opportunity to sit
for the exam, but first you have to learn more. After one year, you can try again (for the 4th time).

Frequently Asked Questions

1. How comprehensive are the slides? Are they just bullet points?

Answer: The slides are not just bullet points, you can read them, understand and learn. These are
the official slides we use in our instructor-led classes.

2. Do I need to buy books to pass the exam?

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1/31/2018 Certified Sarbanes-Oxley Expert (CSOE) Distance learning and Online Certification Program

Answer: No. If you study the slides carefully, you can pass the exam. If you fail the first time, you
must study more. Print the slides and use Post-it to attach notes, like "COSO", "Operational Risk"
etc., to know where to find the answer of a question.

3. Is it an open book exam? Why?

Answer: Yes, it is an open book exam. Risk and compliance management is not something you
have to memorize, it is something you have to understand and learn.

4. Do I have to sit for the exam soon after receiving the presentations?

Answer: No. You can sit for the exam from your office or home, any time in the future. Your
account never expires.

5. Do I have to spend more money in the future to remain certified?

Answer: No. Your certificate never expires. It will be valid, without the need to spend money or to
sit for another exam in the future.

6. Ok, the certificate never expires, but things change.

Answer: If a university degree never expires, why should our certificates expire? Yes, things
change, and this is the reason you need to become a member of the association. You will receive a
weekly newsletter with updates, alerts and opportunities to stay current. There is no cost for that.

7. How many hours do I need to study in order to pass the exam?

Answer: It depends on your knowledge and experience. You must study the presentations
carefully. You must go through the slides another time, and ensure you have learned the details.
The average time needed is about 26 hours, but there are important differences.

8. I want to learn more about the online exam.

Answer: You will be given 90 minutes to complete a 35 question multiple-choice exam. You must
score 70% or higher. We do not send sample questions. If you study the presentations carefully,
you can score 100%.

9. Why should I get certified?

Answer: After the failures of so many organizations during the recent crisis, and the risk that
shareholders may sue senior management and the board of directors for gross negligence, firms
hire "fit and proper" professionals who can provide evidence that they are qualified.

Companies and organizations need assurance that employees have the knowledge and skills
needed to mitigate risks, and to accept more responsibility. Supervisors and auditors ask for
independent evidence that the process owners are qualified, and that the controls can operate as

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1/31/2018 Certified Sarbanes-Oxley Expert (CSOE) Distance learning and Online Certification Program

designed, because the persons responsible for these controls have the necessary knowledge and
experience.

The marketplace is clearly demanding qualified professionals in risk and compliance management.
Certified professionals enjoy industry recognition, have more and better job opportunities, secure
the best jobs, and make more money.

It is important to get certified and to belong to professional associations. You prove that you are
somebody who cares, learns, and belongs to a global community of professionals.

10. Why should I choose your certification program?

Answer: It is always wise to investigate first. You may search for other risk and compliance
management programs.

We strongly believe that our distance learning and online certification programs offer very good
value for money:

1. You receive the training material (the official presentations of the instructor-led class).

2. You can pass the exam. There are 3 exams that are included in the price, so you do not have to
spend money again if you fail.

3. No re-certification is required. You do not need to spend money in the future to remain
certified. Your certificate never expires.

4. You become member to the association and you receive weekly updates, news and alerts.

Become a Certified Sarbanes-Oxley Expert (CSOE)

For secure payment we work with PayPal, the faster and safer way to make online payments. With
PayPal we minimize the cost of administration and compliance with national and international
laws, so we can keep the cost of our programs and services so low.

Only PayPal receives your credit card number and your financial information. We receive your full
name, your email, and your mail address. According to the PayPal rules, you have the option to ask
for a full refund up to 60 days after the payment. If you do not want one of our programs or
services for any reason, all you must do is to send us an email and we will refund the payment, no
questions asked.

When you click "Buy Now" below, you will be redirected to the PayPal web site. Your payment will
be received by our strategic partner and service provider, Cyber Risk GmbH (Rebackerstrasse 7,
8810 Horgen, Switzerland, Handelsregister des Kantons Zürich, Firmennummer: CHE-
244.099.341). Cyber Risk GmbH may also send certificates to all members.

The all-inclusive cost is $147

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1/31/2018 Certified Sarbanes-Oxley Expert (CSOE) Distance learning and Online Certification Program

(https://secure.trust-guard.com/certificates/www.sarbanes-oxley-association.com)

(https://secure.trust-guard.com/certificates/www.sarbanes-oxley-association.com)

(https://secure.trust-guard.com/certificates/www.sarbanes-oxley-association.com)

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Become a CSOE (http://www.sarbanes-oxley-association.com/Distance_Learning_and_Certification.htm)
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