The New COSO 2013 Internal Control Framework and the Impact on Sarbanes-Oxley (SOX 404) and NI 52-109 CEO/CFO Certification Compliance – What Boards and Senior Officers Need to Know

  • July 22, 2015
    11:00 am - 12:30 pm

All session times shown above are in Eastern Time Zone
(N. America – 11am Eastern | 10am Central | 9am Mountain | 8am Pacific, U.K. – 4pm)

Session are 1.5 hrs long and are WEB BASED only

Target Audience:

Global – Board Members, CEO, CFO, Controllers, Internal Audit


  • What is COSO 2013 and Why Should Board Members and Senior Officers Care
    • Important Areas and Benefits in Terms of Risk Management, Identification of Fraud, Alignment of Objectives and Responsibilities
    • Board Responsibilities and Enhanced Corporate Governance including:
      • “Tone-At-The-Top” Activities including Ethics, Integrity
      • Enterprise Risk Management – Identification and Oversight
      • Cybersecurity and Third-Party Relationships
    • COSO 2013 Impact on Sarbanes-Oxley (SOX 404) and National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings
      • Changes and Impacts
      • Examples of Financial and Operational Processes Using the COSO 2013 Internal Controls Framework
    • Implementation Considerations
      • Conduct a Gap Analysis – Proactive versus Reactive
      • Timelines for Effective Implementation Prior to Year-End Reporting
    • What Board Members Should Be Asking Themselves and Management
      • Four Tough Questions and Examples of “Red” Flags


Cathy ConnallyCatherine Connally, Certified Internal Auditor (CIA) is a graduate of the University of Colorado in finance. She has over twenty-five years experience in corporate governance, financial compliance, internal audit and executive management. She began her career in the extractive sector with internal audit responsibilities in both the mining and oil & gas sectors with Atlantic Richfield and British Petroleum.

Catherine is a well-known technology and governance and compliance sector entrepreneur having founded several businesses in the United States, Canada and West Africa. As President of Issues Central, Inc. she has provided executive briefings, seminars and workshop to over fifteen hundred organizations around the world on Sarbanes-Oxley and NI 52-109 CEO/CFO Certification and financial compliance as well as International Financial Reporting Standards (IFRS).

She is an expert in internal controls and forensic auditing and has been involved in a variety of litigation cases associated with director and officer activities of listed entities. Ms. Connally had designed, developed and deployed many software applications to assist productivity in internal controls management and IFRS conversion worldwide.

Catherine is a co-author and primary architect of industry leading financial transition and compliance products including CFO PARTNER for NI 52-109/SOX 404 compliance and IFRS PARTNER for Financial Reporting.

Enzo CarlucciEnzo Carlucci is a managing director in the Toronto office and is part of the Disputes and Investigations practice. He is a CPA, CA, CBV, DIFA and an Associate Member of the Association of Certified Fraud Examiners.

Enzo has spent over 15 years specializing in the areas of forensic accounting investigations, commercial damages claims, business and securities valuations and financial due diligence engagements. Experience includes in-depth forensic analyses of facts and evaluation of damages, including the valuation of businesses and other assets. He consults on various areas including allegations of fraudulent financial statement reporting, accounting irregularities, securities related fraud matters, professional negligence of accountants and auditors, corporate fraud, and employee embezzlement.

Enzo has completed numerous expert valuation reports quantifying economic losses pursuant to litigation and dispute matters, including shareholder disputes, securities violations, dissent and oppression remedies, breach of contract, post-purchase price disputes and negligent and fraudulent misrepresentations. Enzo also has significant experience in the area of class action proceedings, working for both the plaintiffs and defendants, including issues of damages assessment, apportionment, and certification and common issues.

He has prepared materials and assisted with the submission of evidence in matters in the Ontario Court of Justice, the Queen’s Bench of Alberta, and the Superior Court of Quebec. Prepared sworn affidavits in relation to various forensic and other litigation associated matters. Qualified as an accounting and forensic expert and gave evidence pursuant to an arbitration governed by the Québec National and International Commercial Arbitration Centre, the Arbitration Act and the Ontario Superior Court of Justice.

Enzo is a member of various professional organizations including the Institute of Chartered Accountants of Ontario, the Canadian Institute of Chartered Business Valuators, the Associates of Certified Fraud Examiners, and the Association of Certified Forensic Investigators of Canada.

Enzo also sits on the Board of Directors as Treasurer for the ADR Institute of Ontario (“ADRIO”) and the Arbitration and Mediation Institute Foundation (“AMIF”).

Prior to Enzo’s focus on business valuation and litigation support services, he spent 5 years at KPMG in Toronto focusing on audit of private and public company clients in the information technology, communications and entertainment industry (“ICE”). Enzo also spent 2 years working for KPMG in Bermuda with a focus on insurance, banking and mutual fund clients.

Simon BieberPractice

  • Simon maintains an active civil litigation practice focusing on corporate/commercial litigation, professional liability, securities litigation, directors’ and officers’ liability, class actions and regulatory defence
  • He has successfully represented clients before all levels of court in Ontario, as well as before a number of administrative tribunals, including the Ontario Securities Commission, the Institute of Chartered Accountants of Ontario, the Alberta Securities Commission, the Institute of Chartered Accountants of Alberta, the Certified General Accountants Association of Alberta, the Ontario Human Rights Tribunal, the Law Society of Upper Canada and the Ontario Municipal Board
  • Prior to joining Wardle Daley Bernstein Bieber LLP, Simon worked at a large U.S. law firm and then one of Canada’s “seven sister” law firms in its commercial litigation group
    Martindale-Hubbell’s peer rating designates Simon as “BV® DistinguishedTM” in Commercial Law, Litigation and Class Actions

Professional Activities

  • Authors the firm’s monthly Directors and Officers’ Liability newsletter and frequently writes or speaks on current issues concerning directors and officers
    Member of the Canadian Bar Association and the Advocates’ Society

Community Involvement

  • Provides pro bono representation to unrepresented respondents before the Ontario Securities Commission as part of the Litigation Assistance Program (LAP)

Selected Cases

  • Law Society of Upper Canada v. Jodi Lynne Feldman, 2012 ONLSHP 168 (LSUC)
  • Re Sino-Forest Corporation, 2012 ONSC 7050
  • Doobay v. Diamond, 2012 ONCA 580
  • The Trustees of the Labourers’ Pension Fund of Central and Eastern Canada v. Sino-Forest Corporation et al, 2012 ONSC 1924
  • Ainslie v. Afexa Life Sciences, 2010 ONSC 4294
  • Canadian Imperial Bank of Commerce v. Prasad, 2010 ONSC

CEO/CFO Certifications Video:
Is Your Company Declaring an Expired COSO Framework?


To review the PDF Brochure on the “The NEW COSO 2013 Internal Control Framework and the Impact on Sarbanes-Oxley (SOX 404) and NI 52-109 CEO/CFO Certification Compliance”

Registration Details

Each session is $145 CDN per person exclusive of applicable Canadian taxes.  Presentation materials will be provided 24 hours prior to each session. Course certificates will only be provided based on seminar attendance. Registration and payment can be done on-line.

Cancellation Policy: A Registered Attendee can cancel their Registration with no less than 48 hours notice and receive 100% refund for all cancellations under taken formally via e-mail to . Payment details will need to sent along with the Cancellation request.