Overview of FDICIA and SOX
Overview of FDICIA and SOX for Bank Internal and External Auditors
Tuesday, December 7, 2021
2:00 – 3:30 pm (Eastern Time
This banking webinar identifies and explains historical events and legislative milestones. It especially focuses on two major laws:
- FDICIA of 1991
- SOX of 2002
The FDICIA of 1991 portion of the webinar covers:
- FDIC insurance changes
- Restrictions on real estate lending
- Improved capital standards and new capital classifications
- Extension of credit to “insiders”
- FDIC authority to take action
- Enhanced examination process
- Accounting aspects of FDICIA
- Audit committee issues
The Sarbanes-Oxley (SOX) of 2002 portion of the webinar covers:
- The CPA and independence
- CPA audit partner rotation
- Audit committee “financial expert”
- SEC review of periodic disclosures by issuers
- PCAOB – the new quasi-governmental inspectors
- Internal control
Additional Takeaways:
- Attendees receive an important overview of what is required by FDICIA and SOX.
- A brief history of activity that leads to these significant laws is provided and is the foundation needed to understand and comply with both laws.
- How internal and external auditors and accountants are affected by these laws is carefully outlined.
- The take-away is a solid understanding of these two game-changing laws.
- Those who will benefit from this webinar include all depository institutions (banks, thrifts, credit unions etc.) – public or non public.
- Additionally, all publicly-owned entities must follow SOX and employees in those entities will benefit from this webinar.
Instructor
Paul Sanchez
PSA Professional Service Associates / Founder
Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.
Attendance verification for CE credits provided upon request.
Webinar Sponsored by BankersHUB
If you are having issues with registering online, please contact CBAO's Education, Training & Special Event Coordinator, Patti Webb, (614) 610-1877.
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Webinar and Playback* ($295/$445)
*Playback has no expiration.
Additional Hookup - Registering another banker from a different location ($185/$225)
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