Sarbanes-Oxley (SOX) Identifying and Documenting Controls

Sarbanes-Oxley (SOX) Identifying and Documenting Controls

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.

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

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What you will 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.

Rating: 4.47222

Level: Intermediate Level

Duration: 1.5 hours

Instructor: Illumeo Learning