Past Events

Optimising financial processes

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What is the Shape of YOUR next ICFR / SOX Deficiency?

What is the Shape of YOUR next ICFR / SOX Deficiency?

69% major corporations have had one or more significant audit deficiencies in the last 2 years.

Financial control and IT control deficiencies remain a major challenge. Despite huge investments in digitization, the problem isn’t going away.

A recent survey noted that even users of the latest, leading cloud ERP solutions do not display consistently higher percentages of automated controls than users of older ERP versions.

Despite hope and expectation, these types of deficiencies remain remarkably constant over the years, but addressing them is getting more complex.

Recent polls also revealed;

  • 62% of companies feel that manual process controls are their biggest single, current concern.
  • 32% of ICFR/SOX deficiencies are Information System related

We have dug much deeper, and together with our special guest, will share the trends on ICFR / SOX controls, the key challenges affect audit, finance and IT, the impact of the seismic shift in technology landscapes, and some strategies to better navigate these choppy waters.

We were joined in conversation with special guest Robin Ashby, Audit Director – Internal Controls at Qurate Retail Group, the $10bn company behind QVC and the Third Way to Shop®

You can watch the full webcast recording below…