Sarbanes-Oxley was passed in 2002 and year one of attestation for publicly traded companies was 2004. Years later the legislation continues to challenge companies, auditors and compliance professionals when evaluating a company’s control structure. SOX 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 what is compiled and required in the full legislation. We discuss the eleven titles that make up the legislation:

  • Title I: Establishment of Public Company Accounting Oversight Board (PCAOB).
  • Title II: Establishes the conditions and regulations governing auditor independence.
  • Title III: Focuses on establishing the guidelines for corporate responsibility.
  • Title IV: Consists of nine sections and is focused on the accuracy and requirements of financial disclosures.
  • Title V: Analyst conflicts of interest. Title V consists of one section, which includes measures designed to help restore investor confidence.
  • Title VI: Commission resources and authority.
  • Title VII: Studies and Reports.
  • Title VIII: Corporate and Criminal Fraud Accountability Act of 2002.
  • Title IX: WHITE-COLLAR CRIME PENALTY ENHANCEMENTS.
  • Title X: Also known as the "White-Collar Crime Penalty Enhancement Act of 2002.
  • Title XI: CORPORATE FRAUD AND ACCOUNTABILITY.

Information within this course comes from readily available public domain documents and is utilized by the trainer as a supplement for relaying the course content.

Note: The concepts outlined in this course are up to date and relevant in regard to the Sarbanes-Oxley legislation. Although there have not been any changes in the legislative concepts of the law since its release in 2002, some aspects of executing the work have evolved. This speaker is preparing a series of courses titled “Sarbanes-Oxley 20 years later”. Those courses can be found individually on the platform and would be beneficial for anyone involved with compliance.

Learning Objectives
  • Identify the various sections of the SOX legislation.
  • Explore and examine initial challenges of the legislation.
  • Identify the connection of SOX to the COSO Internal Control Framework.
  • Explore and evaluate the SOX 404 sequence of events and important updated components of each:
    • Accounting risk assessment
    • Process documentation
    • Sourcing risks
    • Documenting controls
    • Assessing design
    • Testing operation and reporting
Last updated/reviewed: February 01, 2024

Included In Certifications

This course is included in the following Certification Programs:

16 CoursesSarbanes-Oxley (SOX) Certification

  1. Sarbanes Oxley Overview
  2. SOX: Authoritative Bodies
  3. Sarbanes-Oxley (SOX) Standards - Evolution
  4. Information Technology General Controls Primer
  5. COSO 2013 Overview
  6. Sarbanes-Oxley (SOX) Section 404
  7. Sarbanes-Oxley Section 302: ICFR
  8. Sarbanes-Oxley (SOX) And Fraud Sections
  9. Sarbanes-Oxley (SOX) - Top Down Risk Assessment Part 1
  10. Sarbanes-Oxley (SOX) - Top Down Risk Assessment Part 2
  11. Sarbanes-Oxley (SOX) - Entity Level Controls
  12. Sarbanes-Oxley (SOX) Identifying and Documenting Controls
  13. Sarbanes-Oxley (SOX) Testing
  14. Sarbanes-Oxley (SOX) - Assessing Data Impact
  15. XBRL - Connection to SOX 302/404 and Critical Roles
  16. Tools For Sarbanes-Oxley Compliance

18 CoursesFinancial Statement Preparation, Reporting and Auditing Certification

  1. Financial Statement Introduction
  2. GAAP Principles, Assumptions and Considerations
  3. GAAP Presentation of Financial Statements
  4. Management Discussion and Analysis (MD&A) Update
  5. Sarbanes Oxley Overview
  6. Sarbanes-Oxley Section 302: ICFR
  7. XBRL (Extensible Business Reporting Language) Introduction to Basics - Updated
  8. XBRL - Connection to SOX 302/404 and Critical Roles
  9. Analyzing Financial Ratios - Solvency, Liquidity and Debt
  10. Analyzing Financial Ratios - Leverage
  11. Analyzing Financial Ratios - Performance And Efficiency
  12. Financial Statement Audit in Accordance with GAAS - General Standards
  13. Financial Statement Audit in Accordance with GAAS - Conducting the Audit
  14. Financial Statement Audit in Accordance with GAAS - Auditors' Report and Opinion
  15. Introduction to Accounting for Income Taxes Based on Income
  16. Practical Application For Accounting For Income Taxes Based On Income Part 1
  17. Practical Application For Accounting For Income Taxes Based On Income Part 2
  18. FASB Codification Research System
1 Review (7 ratings)

Reviews

5
Anonymous Author
Very well organized course great for an intro to SOX. I would recommend.

Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  An Overview to Sarbanes Oxley Legislation Requirements4:34
  SOX Sections - Title I7:24
  SOX Section - Title II8:36
  SOX Sections - Title III4:48
  SOX Sections - Title IV9:58
  SOX Sections - Title V6:08
  SOX Sections - Title VI,VII and VIII 11:54
  SOX Section - Title IX, X and XI3:34
LEGISLATION CHALLENGES AND COSO CONNECTION
  Initial Challenges5:18
  Sequence of Events SOX Section 4042:00
  COSO and Connection with SOX Section 4049:08
  SOX Effectiveness Statistics4:20
CONCLUSION
  Summary2:24
CONTINUOUS PLAY
  Sarbanes-Oxley Legislation Requirements Overview1:20:06
SUPPORTING MATERIAL
  Slides: Sarbanes Oxley OverviewPDF
  Sarbanes Oxley Overview Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam