CAQ WEBCAST Auditors' Responsibility When Illegal Acts are Suspected How 10A Really Works in Practice June 27, 2008 The views expressed by the presenters.

Slides:

Advertisements

Similar presentations

Calderdale Children & Young Peoples Service

Advertisements

Big Four Public Accounting & First Year Expectations

Sarbanes-Oxley Act of 2002 UAA – ACCT 316 – Fall 2003 Accounting Information Systems Dr. Fred Barbee.

The Corporate Laws Amendment Bill, B6/2006. © 2006 Deloitte Touche Tohmatsu Corporate Laws Amendment Bill, B6/2006 – 29 May 2006 Introduction Presenting.

©2010 Prentice Hall Business Publishing, Auditing 13/e, Arens/Elder/Beasley The CPA Profession Chapter 2.

©2003 Prentice Hall Business Publishing, Auditing and Assurance Services 9/e, Arens/Elder/Beasley The CPA Profession Chapter 2.

2 - 1 ©2006 Prentice Hall Business Publishing, Auditing 11/e, Arens/Beasley/Elder The CPA Profession Chapter 2.

THE CPA PROFESSION 2 OOD AUDITING INCLUDES GOOD CLIENT SERVICE.

The Audit Standards’ Setting Process

Copyright © 2004 by Prentice-Hall. All rights reserved. PowerPoint Slides to Accompany BUSINESS LAW E-Commerce and Digital Law International Law and Ethics.

CAQ WEBCAST PCAOB Insights on Smaller Firm Inspections Slide 1 The views expressed by the presenters do not necessarily represent the views, positions,

Slide 1 CAQ WEBCAST AS 5: Preparing for Integrated Audits of Non-Accelerated Filers September 25, 2008 The views expressed by the presenters do not necessarily.

©2003 Prentice Hall Business Publishing, Auditing and Assurance Services 9/e, Arens/Elder/Beasley Legal Liability Chapter 5.

One Firm. One Team. Countless Opportunities. Baruch College Come out to network and learn more about a career with KPMG that is far beyond coding !

Auditing April 1, Chapter Two The CPA Profession just skim the section on Generally Accepted Auditing Standards Page

1 What is Internal Audit’s Role in Management’s Assertion The Institute of Internal Auditors May 11, 2004 Xenia Ley Parker, CIA, CISA, CFSA Principal XLP.

The CPA Profession Chapter 2.

The Integrity of Financial Reporting

Learning Objectives LO1 Explain the importance of auditing. LO2 Distinguish auditing from accounting. LO3 Explain the role of auditing in information risk.

The Camp Audit “Keep your friends close and your auditor closer”

[Hayes, Dassen, Schilder and Wallage, Principles of Auditing An Introduction to ISAs, edition 2.1] © Pearson Education Limited 2007 Slide 5.1 Client Acceptance.

Learning Objectives LO1 Describe the association framework. LO2 Determine whether a PA is associated with financial statements. LO3 Describe the three.

Recent Regulatory Efforts – What is the Nexus to Audit Quality? Panelists: Denny Beresford, University of Georgia Bill Platt, Deloitte LLP Moderator: Cindy.

Welcome to the Board! (and did we mention your Fiduciary Responsibility?)

Internal Auditing and Outsourcing

©2008 Prentice Hall Business Publishing, Auditing 12/e, Arens/Beasley/Elder Legal Liability Chapter 5.

The CPA Profession Chapter 2 By Arens et. al. Learning Objective 1 Describe the nature of CPA firms, what they do, and their structure.

Risk Management Reconstructed Implementing fraud risk intelligence practices July 2011 KPMG FORENSIC SM.

AUDIT FEI Career Management Group Qualifications for a Successful CFO/Controller in Today's Market December 3, 2009.

Tax Accrual Workpapers Panelists: Walter Harris Director, Financial Services Industry Large & Mid-Size Business Division Internal Revenue Service Institute.

THE AUDITING PROFESSION CHAPTER 1. WHAT IS AUDITING? THE ACCUMULATION AND EVALUATION OF EVIDENCE ABOUT INFORMATION TO DETERMINE AND REPORT ON THE DEGREE.

1 Today’s Presentation Sarbanes Oxley and Financial Reporting An NSTAR Perspective.

WEBINAR June 18, 2008 “THE KKO SHOW” “Family Limited Partnerships- Everything You Really Need to Know” “Getting Financing in Today’s Economic Climate-

Welcome to the 43 rd Annual General Meeting. Call to Order College of Occupational Therapists of Manitoba.

1 Investigating Fraud & Abuse Violations in Medical Research Janet Rehnquist, Esq. Venable LLP th Street, NW Washington, DC

Factors Associated with IT Audits by the Internal Audit Function Discussant Comments October 2, 2009 INFORMATION RISK MANAGEMENT ADVISORY.

© 2007 Prentice Hall, Business Law, sixth edition, Henry R. Cheeseman Chapter 51: Liability of Accountants Chapter 51: Liability of Accountants.

2006 PARIS. The Realities and Duties of 21 st Century – Insurance Consulting Actuaries: after and beyond SOX Chairman: Nick Dexter UK Presenters: Mike.

A C C O U N T I N G Big Four Public Accounting & First Year Expectations Indiana University Kim Garrard, Senior Associate Julie Merkel, Associate Sean.

PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA Copyright.

Tom Bernard October  This presentation is provided solely for the purpose of enhancing knowledge on tax matters. It does not provide tax advice.

A C C O U N T I N G Big Four Public Accounting & First Year Expectations Indiana University Latesia Fant Senior Associate, Tax, Indianapolis

Preparation and Response to DCH Open Letter Michele Madison,Esq. Holly Pierson, Esq.

2 - 1 ©2012 Prentice Hall Business Publishing, Auditing 14/e, Arens/Elder/Beasley The CPA Profession Chapter 2.

[Hayes, Dassen, Schilder and Wallage, Principles of Auditing An Introduction to ISAs, edition 2.1] © Pearson Education Limited 2007 Slide 5.1 Client Acceptance.

Page 1 | Confidential and Proprietary Information Responding to Suspected Illegal Acts Robert Franchini New York, March 2013.

5 - 1 ©2006 Prentice Hall Business Publishing, Auditing 11/e, Arens/Beasley/Elder Legal Liability Chapter 5.

1 Chapter 6 Audit Responsibilities and Objectives.

© 2010 Pearson Education, Inc., publishing as Prentice-Hall 1 ACCOUNTANTS’ LIABILITY © 2010 Pearson Education, Inc., publishing as Prentice-Hall CHAPTER.

Boston New York San Francisco Washington, DC The “Advice of Counsel Defense” and Waiver in Pharma, Biotech, and Device Investigations Brien T. O’Connor.

HEDGEYE 1 SPEAKER SERIES: WALL STREET MEETS MAIN STREET May 6, RESTAURANT REMODEL ANALYSIS.

Q Regional Scenario Analysis PwCAutomotiveInstitute RegionX Scenarios 2008 – 2015 (Millions) In our volatile marketplace, blind reliance upon a single-point.

©2012 Prentice Hall Business Publishing, Auditing 14/e, Arens/Elder/Beasley Legal Liability Chapter 5.

Setting the Stage: Ten of the Toughest Compliance Questions in Medical and Clinical Affairs International Pharmaceutical Compliance Summit March 30, 2005.

Copyright © 2014 Pearson Education Chapter 2 The Audit Standards’ Setting Process.

The CPA Profession Chapter 2.

Chapter 1 The Demand for Audit Services

Chapter Two The CPA Profession

Legal Liability Chapter 5.

Understanding an External Federal Financial Statement Audit

Managing a Successful Investigation

The CPA Profession Chapter 2.

Chapter Two The CPA Profession

Abby Cowart, Executive Director, SSA

Webcast slides presentation

INDEPENDENT SCHOOL DISTRICT NO. 885 St. Michael-Albertville,

Chapter 1 The Demand for Audit Services

Presentation transcript:

CAQ WEBCAST Auditors' Responsibility When Illegal Acts are Suspected How 10A Really Works in Practice June 27, 2008 The views expressed by the presenters do not necessarily represent the views, positions, or opinions of the Center for Audit Quality or the presenters’ respective organizations. These materials, and the oral presentation accompanying them, are for educational purposes only and do not constitute accounting or legal advice or create an accountant-client or attorney-client relationship. Slide 1

Today’s Objectives Today’s program is designed to help you better understand:  Section 10A of the Securities and Exchange Act of 1934  Circumstances requiring a 10A investigation  The structure, independence, and process of an investigation  What is meant by “timely and appropriate remedial actions…”  The risks to the auditor from the SEC Slide 2

Today’s Panelists Dr. Timothy P. Hedley, CPA Forensic Partner KPMG LLP Steven Skalak, CPA Advisory Services Partner PricewaterhouseCoopers LLP Michael R. Young Litigation Partner Willke Farr & Gallagher LLP ********** Cynthia M. Fornelli Moderator & Executive Director Center for Audit Quality Slide 3

Section 10A Slide 4 “Timely and appropriate remedial actions with respect to the illegal act.”

Slide 5 Circumstances Requiring a 10A Investigation

Slide 6 Preliminary Investigation & Disclosure

Slide 7 Structure & Independence

Slide 8 Attorney-Client Privilege

Slide 9 Interviews

Slide 10 Forensics

Slide 11 Form of Report

Slide 12 Remediation

Slide 13 SEC and DOJ

Questions & Summary Slide 14

Join the CAQ today! Visit or call Slide 15

Thank you for participating! Please visit us at or call Slide 16