The Sarbanes Oxley Act and the Importance of Internal Controls over Payroll

This product is currently out of stock and unavailable.


This course – taught by and ex-payroll auditor – covers the payroll and benefit areas that are most likely to come under scrutiny due to the Sarbanes Oxley Act (SOX) Act.

SOX has far reaching implications affecting all corporate functions – including payroll. Violations can mean jail time for key company personnel – so it is wise to increase internal controls over those parts of payroll operations which have the most profound effects to your company. For instance:

How confident are you in the security over payroll information?
Do you routinely reconcile and verify your various payroll accounts?
Are your timekeeping and documentation procedures precise and complete enough?
Are liabilities such as pension liabilities reflected in the financial statements in order to comply with the new transparency guidelines?
Are your policies and procedures thorough enough to show auditors your efforts to be compliant?
If not, the Act authorizes both civil and criminal penalties for corporate officers and managers responsible for non-compliance.

This course helps identify which payroll and benefit expenses are most likely to come under scrutiny due to the SOX Act. It also makes recommendations on how to conduct internal audits designed to test controls over these areas, and ensure the results are adequately represented on corporate financial statements.

Areas to be Covered:

The Sarbanes Oxley Act’s purpose and key provisions
How the Act relates to the payroll function
What specifically the payroll department must do to promote compliance with the Act
The Internal Audit function and its part in the compliance process
Ongoing IA activities to help maintain payroll department compliance with the Act
How documentation, testing, reporting, and monitoring can ensure ongoing compliance with the Act

Who will Benefit:

Payroll Department
Accounting Department
HR Department
Small to Medium Sized Business Owners
Payroll Apprentices
Anyone involved in the SOX Compliance Process
Start up Entrepreneurs

Mark Schwartz

Mark Schwartz has over 15 years experience in State and Federal payroll tax audits, collections and payroll consulting. As an auditor, Mark prided himself on his ability to educate his auditees on State and Federal payroll tax requirements. Whatever issues he found in audits, he ensured the auditee knew how to comply in the future. He worked to minimize company disruptions in the audit process.

Mr. Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. Mark has represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting employees.

In recent years Mark has helped many clients with back payroll tax returns for all 50 states and the IRS. He has reviewed payroll journals, time records, tax forms and other payroll documents for accuracy and completeness.

Mark is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. Mark is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.

This product is currently out of stock and unavailable.

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  • Login Information with Password to join the session, 24 hours prior to the webinar
  • Presentation Handout in .pdf format
  • Presentation from the Speaker
  • Feedback form
  • Certificate of Attendance
  • Recording access Information with Password to view the webinar, will be sent 24 hours after the completion of the Live webinar.
  • Presentation Handout in .pdf format
  • Certificate of Attendance