Webcast overview
One of the most pressing topics for organizations today is understanding the potential impact of the SEC’s proposed rule changes to filer classifications and what it means for the future of SOX 404(b) compliance.
In this special 90-minute installment of our Future of SOX webcast series, Charles King, KPMG US AI and Technology Leader for Internal Audit and Controls, Mamta Soni, KPMG Dept. of Professional Practice Audit Partner, and Subash Samuels, KPMG Internal Audit and Controls Services Principal, will focus on the SEC's ICFR filer proposal. Our speakers will provide practical guidance on evaluating how these proposed changes might impact your organization's SOX compliance program. The session will explore how to appropriately scale internal control testing, manage stakeholder expectations, and maintain a robust and valuable ICFR framework—even if an independent auditor attestation is no longer mandated.
Specific topics of discussion
- Understanding the SEC proposal: Break down the proposed changes to filer classifications, timeline expectations, and identify which organizations are most likely to be impacted.
- Redefining internal testing: What does that mean for you, does it even make sense to move away from 404(b) testing? Evaluate the appropriate level, scope, and frequency of internal control testing if your organization transitions out of SOX 404(b) requirements.
- Maintaining ICFR value: Explore the continued business benefits of a strong ICFR framework for corporate governance, operational efficiency, and investor confidence.
- Leveraging technology: Discuss how to optimize the use of AI, GRC tools and data analytics to adapt your SOX program efficiently in light of changing compliance requirements.
- Managing stakeholder expectations: Develop effective strategies for communicating potential changes in compliance scope and filer status to your Audit Committee, executive leadership, and investors.
