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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.
Learning Objectives
- 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
Last updated/reviewed: October 9, 2018
Included In Certifications
This course is included in the following Certification Programs:
16 CoursesSarbanes-Oxley (SOX) Certification
- Sarbanes Oxley (SOX) Overview
- SOX: Authoritative Bodies
- The Evolution of Sarbanes-Oxley (SOX) Auditing Standards
- Information Technology in Today’s Digital World: General Controls Primer
- COSO 2013 Framework Requirements and Implementation Overview
- Sarbanes-Oxley (SOX) Section 404
- Sarbanes-Oxley (SOX) Section 302: Internal Controls over Financial Reporting
- Sarbanes-Oxley (SOX) Section 806, 902, 906
- Sarbanes-Oxley (SOX): Preparing for a Top Down Risk Assessment Part 1
- Sarbanes-Oxley (SOX): Executing a Top Down Risk Assessment Part 2
- Sarbanes Oxley (SOX): Entity Level and Soft Controls
- Sarbanes-Oxley (SOX) Identifying and Documenting Controls
- Sarbanes-Oxley (SOX) Testing
- Sarbanes-Oxley (SOX) General Controls, Applications Controls, and Spreadsheet Controls
- Sarbanes-Oxley (SOX) Difficulty of Assessing Material Impact
- XBRL - Connection to SOX 302/404 and Critical Roles
35 Reviews (148 ratings)Reviews
Anonymous
(DIRECTOR)
I have taken several courses where Lynn is the presenter. She is very effective speaker and very knowledgeable of her topics. She summarized the important information in a very comprehensive manner. This is a good course. The time allotted for the course is about right.
Sharon Thurber
(Manager, SOX Controls Analyst at Travelers Insurance)
This course is well written. Even if you're not unfamiliar with Internal Control it provides a very good overview. The definitions are spot on and easy to retain. I particularly enjoyed the instructor's examples.
Anonymous
(-)
This course provided a lot of detail around the identification and documentation requirements Even though I have quite a bit of experience here, I did learn more and it was a good refresher for other areas.
Anonymous
(-)
This is an excellent course - it provides sufficient background and experienced insight with repect to process and control documentation for management, as well as internal and external audit.
Anonymous
(None)
Good overview of some of the documentation used for support material. The narrative section was helpful in that it included elements that are not always observed in practice.
Amber Irwin
(Internal Audit Lead at Intuit)
The level of detail that this course goes into is appropriate for the content and concepts being explained. I appreciate the examples provided to facilitate understanding.
Kevin Murray
(Manager of Finance at NYSTRS)
This is an excellent course to understand SOX requirements from an IC perspective and for identifying internal control documentation requirements.
Anonymous
(CPA, Manager of Internal Controls)
This course thoroughly covered ALL aspects of identifying and documenting controls. I will be re-reviewing the content of my process narratives!
Lilian Dendrinos
(consultant at DLC Group)
Great class. I would definitely refer back to the material over and over. This class is good refresher for many of us long in the field.
Anonymous
(Supervisor of Audit)
The course is very thorough and great for training new staff or reminding experienced staff of correct procedures and processes.
Karin Williams
(None at self)
Good general overview. Someone who has no experience/knowledge of SOX Section 404 would benefit the most from this course.
Devery Adair
(CFO at PLI Industries LLC)
Great information on documenting internal controls! Would like to take the other classes by this instructor.
Sylvia Ratliff
(internal audit consultant at self employed)
Very thorough, well presented, good course no matter what your position within the financial/audit realm.
Anonymous
(SOX process manager)
This session is a nice and clear presentation on the various ways to identify and document controls.
Janae Dacut, MBA, CIA
(Auditor at Kaiser Permanente)
Very informative course that I will definitely utilize in future audit engagements in my career.
Corey Masters
(Risk and Control Self Assessment at PNC Capital Advisors)
Another good course in the SOX certification process. I would recommend it as a good review.
Anonymous
(Manager, Internal Audit)
Great course which reinforces the need for proper documentation within an organization.
Anonymous
()
A complete summary of options on how to identify controls, and how to document them
Anonymous
(Senior Associate)
The course was very insightful. I will be taking more of these sox related exams.
Sarah Nikas
(Finance Controls and Compliance Lead at Cargill)
Simple concepts , easy to understand especially for someone working in this area.
Jana Connoway
(Manager Internal Audit at KPMG South Africa)
Helped to understand SOX testing better, as well as what interner controls are.
Joy Franklin
(Auditor at Assurant)
This was a well put together course and provided lots helpful information.
Naoko Kuge
(Internal Auditor/ Internal Control offic.. at Kyocera document solutions Europe)
It seems a basic but it is good to review the whole knowledgeable again.
Jennifer Pawliw
(Associate Auditor at Berkshire Bank)
Great course. A lot of information to incorporate in daily job function.
Anonymous
(Staff Operations Auditor)
This is a great overview of how to identify and document controls.
Jeff Nelson
( at A.O. Smith Corp.)
Clear and to the point information. Well laid out presentations.
sapna patel
(Senior Analyst at Brown and Brown)
Great Instructor- I enjoyed the detailed level explanations.
Julianna Davidson
(Financial Systems Manager at The McClatchy Company)
Thoroughly and concisely presented. My favorite instructor.
Jennifer Bor
(Sole Practitioner at Accounting and Business Management Consu..)
good for me and served my needs as a continuing cpa and cia
Anonymous
(Consultant)
Easy to follow and lots of practical examples
Anonymous
(SOX Senior Auditor)
Provided a lot of very useful information.
Tania Roberts
(Revenue Accountant at Axway, Inc.)
Extremely thorough.
James Gately
(CPA at Self-employed)
Great Presentation
Mei Ren
(Regional Director at AECOM)
Great
Anonymous
(Financial Analyst)
Good
Prerequisites
Course Complexity: Intermediate
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
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 .