Cooperative Directors and Staff Audit Training Indianapolis, IN

August 28, 2014 – August 28, 2014

225 S. East Street

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Description:

MP900400964MAC-Ed delivers the Cooperative Directors and Staff Audit Training course on August 28, 2014 – Indiana Farm Bureau, 225 S. East St., Indianapolis, IN 46206 – Assembly Room 9:00 AM – 4:00 PM

PLEASE NOTE:  This training qualifies for 6 CPE credits through NSAC (more information is included in the flyer below)

The Cooperative Directors and Staff Audit Training course is targeted and specific to member needs. With the colossal meltdown of Enron and the Financial Crisis of 2009, Congress felt compelled to act to require “Best Practices” guidelines for accounting and financial professionals. The result was the Sarbanes-Oxley Act, which re-wrote the accounting standards for investor-owned businesses and cooperatives, alike. The Dodd-Frank Act overhauled the regulatory standards for financial institutions and significantly influenced the fiduciary responsibilities of boards of directors. The Dodd-Frank Act now requires audit training for directors who lead the audit functions for their board, or serve on the Audit Committee. As a result of attending this training directors will gain a better understanding of their roles and responsibilities as audit committee members, gain knowledge to avoid common pitfalls facing cooperatives and the audit process, and improve the performance of their audit committees and the co-ops they serve. 

The Sarbanes-Oxley Act of 2002 is mandatory. ALL organizations, large and small, MUST comply. The legislation came into force in 2002, and introduced major changes to the regulation of financial practice and corporate governance. Named after Senator Paul Sarbanes and Representative Michael Oxley, who were its main architects, it also set a number of deadlines for compliance. To assist those seeking to meet the demands of this act, this training course will cover the key Sarbanes-Oxley sections of the legislation.

The Dodd–Frank Wall Street Reform and Consumer Protection Act

The Dodd–Frank Wall Street Reform and Consumer Protection Act is a compendium of federal regulations, primarily affecting financial institutions and their customers, that the Obama administration passed in 2010 in an attempt to prevent the recurrence of events that caused the 2008 financial crisis. The Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as simply “Dodd-Frank”, is supposed to lower risk in various parts of the U.S. financial system. This training course will cover the various types of regulation covered by Dodd-Frank.

The Dodd-Frank Act now requires audit training for directors who lead the audit functions for their board, or serve on the Audit Committee.  As a result of attending this training directors will gain a better understanding of their roles and responsibilities as audit committee members, gain knowledge to avoid common pitfalls facing cooperatives and the audit process, and improve the performance of their audit committees and the co-ops they serve.  Please click this link to view the program agenda, speaker bios and hotel group block information: audittrainingflyer

 

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