Introduction To Sarbanes Oxley (Sox)
This course is an overview of the proper processes, controls and tests for adequate internal control.
What you'll learn
Recognize SOX – Components of the Act.
Identify legislation changes and challenges.
Recognize requirements for Top-Down Risk Assessment.
Discover the SOX Sequence of process – documentation, design, evaluation.
Recognize SOX and Internal Control Framework.
Requirements
No advanced preparation or prerequisites are required for this course.
Description
Sarbanes-Oxley was passed in 2002 and year one of attestation for publicly traded companies was 2004. Ten years later the legislation continues to challenge companies, auditors and compliance professionals when evaluating a company’s control structure. SOX section 404, although the most prominent, is only one of the many requirements covered under the legislation.
In addition, the impetus of COSO 2013 has re-focused companies' efforts on evaluating their key controls. Companies must continually evaluate whether they have designed and identified the proper controls and have adequate tests in place to determine control efficiency. With the evolution of technology solutions, the impact of information systems changes must be continually evaluated to ensure controls are adequately addressed.
This Sarbanes Oxley training course is an overview of the proper processes, controls and tests companies must use to determine adequate internal and financial controls. We discuss how to recognize components of SOX and the Internal Control Framework, the requirements for Top-Down Risk Assessment, as well as how to identify legislation changes and challenges, Auditing Standard 2 and Auditing Standard 5, and how to discover the SOX Sequence of process (documentation, design, evaluation).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) Overview. 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.
Overview
Section 1: Introduction
Lecture 1 Introduction to Sox Primer Overview
Lecture 2 Sox Act Sections
Lecture 3 Initial challenges
Lecture 4 Initial Legislation
Lecture 5 Legislation Changes
Lecture 6 Sequence of Events
Lecture 7 SOX and COSO
Lecture 8 Course Summary
Section 2: Supporting Materials
Lecture 9 Slides: Sox Primer Overview
Lecture 10 Sox Primer Overview Glossary/Index
Section 3: Review and Test
Anyone interested in internal audit, risk management, or related fields.
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