Date: Thursday, September 18th
Topic: Making the Transition to the 2013 COSO Framework
Speaker: Brent Olson, Director – Risk Advisory Services, McGladrey
See Bio attached to the email communication
Location: Kirkwood Hotel
7725 Kirkwood Blvd SW
Cedar Rapids, IA 52404
Cost: $45 for IIA members, $50 Non members, $10 for Students
Check Payable to “Heartland Chapter IIA”
Schedule: Registration 11:15, Lunch 11:30, Program 12:00-2:00
Menu: Choice of Triple Decker Club
Sliced turkey and bacon on herb focaccia
Roast Beef and Havarti
Sliced roast beef with havarti on ciabatta
Kirkwood House Salad
Mixed greens, roasted peppers, zucchini, squash,
wonton strips, cheddar cheese, choice of dressing
RSVP: contact Julie Hupp at firstname.lastname@example.org. Reservations are due by end of business Monday, September 15, 2014. NOTE: If you need to cancel your reservation, please do so by the RSVP deadline below or send a substitute. No shows will be charged.
While the 1992 COSO Framework (1992 Framework) is still in effect, COSO has indicated that the 2013 Framework will supersede the 1992 Framework, effective December 15, 2014. The SEC has stated that the longer an entity continues to use the 1992 Framework beyond the transition date, the more likely they are to receive questions from the Staff about such use. As a result, many public entities have begun to evaluate the impact of the 2013 Framework on their assessment of their system of internal control. Furthermore, during the transition period, while COSO has indicated that use of the 1992 Framework is appropriate, COSO and the SEC Staff have indicated that management should disclose in their annual assessment which version of the framework is used.
Brent Olson, a CPA, CIA, CCSA and CGAP, specializes in providing internal audit, Sarbanes-Oxley (SOX) and contract compliance services to middle market and Fortune 500 clients from many industries, including manufacturing, industrial products, consumer products, technology, energy, oil and gas, and retail. Brent has overseen numerous international and cross-functional teams.
Brent is the national leader at McGladrey for developing the firm’s methodology, tools and training for the 2013 COSO Framework. Brent has assisted numerous clients throughout the U.S. with transitioning to the 2013 COSO Framework and has presented to a number of organizations on the new framework.
Prior to joining McGladrey LLP, Brent spent several years working with Big Four and national consulting firms, overseeing internal audit, SOX and compliance engagements.