Are your controls keeping pace with your business? An entertainment, media and communications sector webcast – October 10, 2013

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Webcast By Entertainment & media

Webcast summary

On this webcast, we explore the results of the EMC sector State of the Internal Audit Profession Study and discuss specific challenges of internal audit departments within this industry. The results of this study coupled with the recent updates to COSO’s Internal Control-Integrated Framework provide companies an opportunity to take a fresh look at their internal control systems.

Webcast details

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The 1992 Internal Control-Integrated Framework developed by COSO has been widely adopted to support external financial reporting requirements. After 20 years, COSO decided it was time for a refresh. The 2013 update, authored by PwC, is designed to address reporting, compliance, and operational objectives. This provides businesses and their stakeholders with a common vocabulary for getting a handle on the ever-changing environment.

So now what?

With the publication of COSO’s new Internal Control-Integrated Framework, companies have an opportunity to take a fresh look at their internal control systems. PwC recently published its 9th Annual State of the Internal Audit Profession Study that explored the impact of Internal Audit from the lens of a stakeholder and it was clear that stakeholders continue to expect more from their Internal Audit departments. The survey results were also analyzed specifically through the entertainment, media and communications (EMC) sector lens to understand whether key sector issues are the same as for other industries, whether the EMC sector has different views on management of risks and if different internal audit capabilities are needed for the EMC industry.

On this webcast, we explore the results of the EMC sector State of the Internal Audit Profession Study and discuss specific challenges of internal audit departments within this industry. The results of this study coupled with the recent updates to COSO’s Internal Control-Integrated Framework provide companies an opportunity to take a fresh look at their internal control systems, so we also take a more in-depth look at what tactical steps are necessary to make the transition to the new framework.

Topics covered include:

1. IA profession: Benchmarking the EMC sector in key categories against the rest
2. New COSO Internal Control-Integrated Framework
3. Best practices in transitioning to the new framework

PwC presenters:

  • Robert Roman, Partner, Entertainment, Media and Communications Risk Assurance
  • Stephen Soske, The Committee of Sponsoring Organizations of the Treadway Commission (COSO) Team Member and PwC Partner
  • Deborah Mack, Director, Entertainment, Media and Communications Risk Assurance

Who should attend?

Entertainment, Media and Communications industry internal audit, accounting, finance, and compliance professionals including Chief Audit Executives (CAEs), Chief Financial Officers (CFOs), Controllers, SOX Compliance Directors, Internal Audit Directors and Managers.

CPE credit:

Participation in the live webcast qualifies for 1 CPE credit.

Please note that CPE credit can only be given to individuals who remain logged into the LIVE webcast and respond to the polling questions provided during the webcast. If you are viewing this webcast in a group, everyone in the group can receive CPE Credit. Also, those who dial in via telephone are NOT eligible for CPE credit. Please note that this is a NASBA (not PwC) requirement.

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