Sarbanes Oxley Sox Identifying And Documenting Controls

This course explores how identifying and documenting controls for Sarbanes-Oxley.

Last updated 2022-01-10 | 4.5

- Explore the types and methods of internal controls.
- Identify controls related to Initiation
- Authorization
- Processing and Recording.
- Identify the various methods of documentation
- and recognize the differences between control narratives vs. control flowcharts.

What you'll learn

Explore the types and methods of internal controls.
Identify controls related to Initiation
Authorization
Processing and Recording.
Identify the various methods of documentation
and recognize the differences between control narratives vs. control flowcharts.
Explore how to update and maintain documentation.

* Requirements

* No advanced preparation or prerequisites are needed for this course
* but completion of the instructor's previous webinars on Sarbanes-Oxley (SOX) may be helpful.

Description

This course explores how identifying and documenting controls for Sarbanes-Oxley (SOX) is key to enabling the evaluation of process design. It will also ensure testing processes can be effectively executed.  Assessors must have a strong understanding of the types and methods of internal controls. Documentation methods must meet organizational needs.

To identify controls, you must understand the concept of internal control. Internal control is a process designed to provide reasonable assurance regarding the achievement of objectives in the following areas: effectiveness/efficiency of operations; reliability of financial reporting; compliance with applicable laws/regulations; and safeguarding assets. You must also understand the types of control and the various methods of documentation.

If you would like Continuing Education Credit (e.g. CPE, CE, CPD, etc.) for this course, it is available if you take this course on the Illumeo dot com platform under course title: Sarbanes-Oxley (SOX) Identifying and Documenting Controls. Illumeo is certified to provide CPE in over two dozen different professional certifications covering finance, accounting, treasury, internal audit, HR, and more. However, in order to receive CPE credit the courses must be taken on an ‘approved-by-the-governing-body’ CPE platform, and for over two dozen corporate professional certifications, that is the Illumeo platform. Go to Illumeo dot com to learn more.

Who this course is for:

  • Anyone interested in accounting, risk management, finance, or related fields.

Course content

3 sections • 16 lectures

Introduction to On Demand Course Sarbanes-Oxley (SOX) Identifying and Documentin Preview 05:02

Understanding Controls Preview 09:28

Identifying Controls Preview 04:15

Initiation Preview 11:24

Processing Preview 08:15

Determining What to Document Preview 13:21

Types of Documentation Preview 11:14

Flow-Chart Identified Controls Preview 06:28

Narratives Preview 06:02

Policies, Procedures, and Organization Charts Preview 05:47

Questionnaires and Surveys Preview 06:15

Course Summary Preview 04:43

Slides: Identifying and Documenting Controls Preview 00:01

Identifying and Documenting Controls Glossary/Index Preview 00:01

Review Questions

Review Questions: Sarbanes-Oxley (SOX) Identifying and Documenting Controls

FINAL EXAM

FINAL EXAM: Sarbanes-Oxley (SOX) Identifying and Documenting Controls