More FREE SAS 70 to SSAE Webinars Added!

Posted by Teresa Bockwoldton Mon, Mar 05, 2012 @ 08:52 AM

Join us for our SSAE 16 Webinar Series

Due to large demand, Vibato has access more dates for our complimentary webinar on how to review your vendors internal control by using their SSAE 16 document (formerly known as SAS 70).

* Title: SAS 70 to SSAE 16: How to Review your Vendors Internal Control Report 
* Presenter: Teresa Bockwoldt, Vibato Co-Founder
* Date: Starting on March 8, 2012 and continuing each week until April 12, 2012
* Time: 12:00PM - 1:00PM PST

* Cost: FREE

Vibato, LLC, a leading provider of internal control solutions, invites you to attend a group-internet-live based seminar. 

At this free event, our internal control experts will discuss and demonstrate ways to review the new SSAE 16 documents (previously called SAS 70) to ensure your company understands the usefulness of this document, how it can impact your organization, when to ask for one, and what to do with it once you have it. 

Who Should Attend? 
CFOs, Controllers, Internal Audit, Compliance Executives, Audit Committee Members, External Auditors, Audit Firm Staff Development Directors, are encouraged to attend. 

 

Attendees will receive our complimentary SSAE 16 Analysis Document as a thank you for attending. 

 

Time will be allocated for Q&A with the presenter at the end of the webinar.

 

Title:

SAS 70 to SSAE 16: How to Review your Vendors Internal Control Report

 

Register for a session now by clicking a date below:

Thu, Mar 8, 2012 12:00 PM - 1:00 PM PDT

Thu, Mar 15, 2012 12:00 PM - 1:00 PM PDT

 

Thu, Mar 22, 2012 12:00 PM - 1:00 PM PDT

 

Thu, Mar 29, 2012 12:00 PM - 1:00 PM PDT

 

Thu, Apr 5, 2012 12:00 PM - 1:00 PM PDT

 

Thu, Apr 12, 2012 12:00 PM - 1:00 PM PDT

Time:

12:00 PM - 1:00 PM PST

 

After registering you will receive a confirmation email containing information about joining the Webinar.

 

System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server

 

Macintosh®-based attendees
Required: Mac OS® X 10.5 or newer

 

 

Space is limited.
Reserve your Webinar seat now!



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Tags: Internal Controls, Sarbanes-Oxley Articles & Information, Compliance tools, 404, 404 audit, SSAE 16, Sarbanes-Oxley Training, compliance, internal control, SAS 70, Internal Control Education, internal control tips

Free Webinar: SSAE 16: How to Review your Vendors Internal Controls

Posted by Teresa Bockwoldton Sun, Mar 04, 2012 @ 08:04 PM

 

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Tags: Internal Controls, Sarbanes-Oxley Articles & Information, Compliance tools, 404, 404 audit, SSAE 16, Sarbanes-Oxley Training, compliance, internal control, SAS 70, Internal Control Education, internal control tips

August 3, 2011: Financial Risk Assessment Free Webinar

Posted by Teresa Bockwoldton Fri, Jun 24, 2011 @ 05:05 PM

 You are cordially invited to the Vibato Webinar Series, How to Perform a Financial Risk Assessment being held on Wednesday, August 3, 2011 10:00 AM - 11:00 AM PDT.  

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Tags: Sarbanes-Oxley Articles & Information, financial risk, Compliance tools, risk assessment, best-practice, SOX Compliance Made Simple, Sarbanes-Oxley Training, compliance, risk management, Sarbanes-Oxley, audit scope, Internal Control Education

Internal Control Deficiency Measurement in 5 Steps

Posted by Teresa Bockwoldton Wed, Apr 13, 2011 @ 08:39 AM

An internal control deficiency can be caused by a number of issues but it is primarily defined as an error discovered during internal controls testing (e.g., a payment was coded to utilities when it should have been coded to inventory) or during a review of the internal control evidence (e.g., the internal or external auditors discover the coding mistake rather than management finding it as part of their closing activities).  An internal control deficiency may also occur simply from someone forgetting to execute one of their internal controls entirely.

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Tags: Internal Controls, Compliance tools, risk assessment, audit, SOX, 404 audit, best-practice, Controls Testing, 10k, Product Information, Sarbanes-Oxley Training, compliance, risk management, Sarbanes-Oxley, audit deficiency, Internal Control Deficiency

Educational Vibato Surveys & Checklists Available

Posted by Teresa Bockwoldton Fri, Apr 01, 2011 @ 12:55 PM

Vibato is pleased to announce the availability of complimentary educational Sarbanes-Oxley, risk assessment, and internal control related surveys and interactive educational checklists.  This information will allow you to receive tailored advice or allow you to learn about a variety of topics.  

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Tags: Sarbanes-Oxley Articles & Information, Compliance tools, Surveys, best-practice, Sarbanes-Oxley Training, Entity Level Controls

Accounting Tip of the Day: Because we're human....

Posted by Bill Bockwoldton Mon, Nov 15, 2010 @ 03:36 PM

Use a month-end or quarter-end (at least) close checklist.  It is shocking how many people believe they'll remember everything they do each month but the truth is, we're human, we become sick, we get tired, and inevitably, we forget.  If someone reading this blog post isn't using a close checklist, take 3 minutes and start writing down everything you can remember that you do each month.  You will probably shock yourself at how long the list will get very quickly.  To this end, save yourself heartache, headache and embarrassment and create a list and check it each month as you get through your close.  Writing things down in this manner will also allow you to delegate better which could in the end help your stress level!

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Tags: Accounting Tip of the Day, Compliance tools

What is the Sarbanes-Oxley Act of 2002?

Posted by Teresa Bockwoldton Wed, Sep 08, 2010 @ 04:00 PM

The Sarbanes–Oxley Act of 2002 (Pub.L. 107-204, 116 Stat. 745, enacted July 30, 2002), also known as the 'Public Company Accounting Reform and Investor Protection Act' (in the Senate) and 'Corporate and Auditing Accountability and Responsibility Act' (in the House) and commonly called Sarbanes–Oxley, Sarbox or SOX, is a United States federal law enacted on July 30, 2002. It is named after sponsors U.S. Senator Paul Sarbanes (D-MD) and U.S. Representative Michael G. Oxley (R-OH).

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Tags: Sarbanes-Oxley Articles & Information, Compliance tools, 404, 404 audit, Non-accelerated filer 404(b) information, SOX Compliance Made Simple

VIBATO ACHIEVES 69% CONTROL COUNT REDUCTION FOR IMERGENT

Posted by Teresa Bockwoldton Sun, Aug 15, 2010 @ 03:00 PM

One Week Implementation Effort Produced a One-Year ROI

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Tags: Vibato Success Stories, Compliance tools, 404, Vibato Products, 404 audit, audit costs, SOX Compliance Made Simple, Product Information, Clients

From CFO.com: User Developed Applications: What this means for the audit process.

Posted by Teresa Bockwoldton Sat, Jul 24, 2010 @ 04:00 PM

Interesting article on User Developed Applications (UDAs). This could also apply to spreadsheets used for internal controls work, especially if they are distributed across departments and not centralized. Applications are typically developed for expense calculation and tracking (e.g. stock comp expense) as well as financial analysis. We try to take an approach that these types of tools should have permission control and be stored in documented locations where appropriate review and updating can be performed. It makes audit-related work much easier in the end!

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Tags: Sarbanes-Oxley Articles & Information, Compliance tools, 404, 404 audit, audit costs, Non-accelerated filer 404(b) information, Sarbanes-Oxley Training, risk management, external auditing

"Two Cheers for Sarbanes-Oxley"? Well, we'll see.

Posted by Teresa Bockwoldton Wed, Jul 21, 2010 @ 02:00 PM

The article below was sent from a dear friend of mine and fellow SOX enthusiast, Clark Keeler, Director, BPM.  I find the article to have a significant amount of irony considering it claims that "American business people of a conservative nature have been dreaming about driving a stake through the heart of the Sarbanes-Oxley act ever since the legislation was passed..." It would seem to me that if a person was truly fiscally conservative, they would consider Sarbanes-Oxley to be the prudent choice rather than the radical one.  Internal controls require there to be a check point in a business procedure that requires someone other than the preparer of the documentation to verify the accuracy of what was prepared.  This verification prevents someone from acting alone when making decisions about shareholder assets (physical assets, capital, intangible assets, etc). I am of the opinion that this double check adds a necessary layer of review considering the potential for fraud, errors, omissions, etc.  Considering all that we at Vibato, LLC have found when testing internal controls, this is no longer just opinion but rather, fact.  Read more on the article here:

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Tags: Sarbanes-Oxley Articles & Information, Compliance tools, Announcements, 404, 404 audit, audit costs, Non-accelerated filer 404(b) information, SOX Compliance Made Simple, Wall Street Reform, Sarbanes-Oxley Training, Sarbanes-Oxley, external auditing, Sarbanes-Oxley for Non-Profits