Instructor for this course
more

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

  1. Sarbanes Oxley (SOX) Overview
  2. SOX: Authoritative Bodies
  3. The Evolution of Sarbanes-Oxley (SOX) Auditing Standards
  4. Information Technology in Today’s Digital World: General Controls Primer
  5. COSO 2013 Framework Requirements and Implementation Overview
  6. Sarbanes-Oxley (SOX) Section 404
  7. Sarbanes-Oxley (SOX) Section 302: Internal Controls over Financial Reporting
  8. Sarbanes-Oxley (SOX) Section 806, 902, 906
  9. Sarbanes-Oxley (SOX): Preparing for a Top Down Risk Assessment Part 1
  10. Sarbanes-Oxley (SOX): Executing a Top Down Risk Assessment Part 2
  11. Sarbanes Oxley (SOX): Entity Level and Soft Controls
  12. Sarbanes-Oxley (SOX) Identifying and Documenting Controls
  13. Sarbanes-Oxley (SOX) Testing
  14. Sarbanes-Oxley (SOX) General Controls, Applications Controls, and Spreadsheet Controls
  15. Sarbanes-Oxley (SOX) Difficulty of Assessing Material Impact
  16. XBRL - Connection to SOX 302/404 and Critical Roles

45 Reviews (180 ratings)Reviews

4
Anonymous Author
This training gave good understanding of the documentation needs related to internal controls.
4
Anonymous Author
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.
5
Member's Profile
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.
4
Anonymous Author
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.
4
Anonymous Author
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.
5
Anonymous Author
Before taking this course, I took the SOX Overview course. I am glad I took this course as well because it is in-depth and I find the materials very useful to my job responsibility.
3
Anonymous Author
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.
5
Anonymous Author
The course explains very well ways to identify and document controls. It also gives great examples of types of documentation and the importance of the ongoing review of it.
5
Member's Profile
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.
4
Member's Profile
This is an excellent course to understand SOX requirements from an IC perspective and for identifying internal control documentation requirements.
5
Anonymous Author
This course thoroughly covered ALL aspects of identifying and documenting controls. I will be re-reviewing the content of my process narratives!
5
Member's Profile
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.
5
Anonymous Author
The course is very thorough and great for training new staff or reminding experienced staff of correct procedures and processes.
4
Member's Profile
Good general overview. Someone who has no experience/knowledge of SOX Section 404 would benefit the most from this course.
4
Anonymous Author
Decent overview of SOX documentation, what is a control and why it might be important to an entitie's financial reporting.
5
Anonymous Author
Всегда есть смысл пройтись по такому курсу заново, чтобы повторить
5
Anonymous Author
This is a great course for those new to SOX concepts, or for those who have forgotten what they learned in college.
4
Member's Profile
Great information on documenting internal controls! Would like to take the other classes by this instructor.
5
Member's Profile
Very thorough, well presented, good course no matter what your position within the financial/audit realm.
5
Anonymous Author
This session is a nice and clear presentation on the various ways to identify and document controls.
5
Member's Profile
Very informative course that I will definitely utilize in future audit engagements in my career.
4
Member's Profile
Very practical even though Controls are difficult to understand and identify.I enjoyed it though.
5
Anonymous Author
This course was excellent and provided important information that I will utilize in the future.
5
Member's Profile
Another good course in the SOX certification process. I would recommend it as a good review.
5
Anonymous Author
Great course which reinforces the need for proper documentation within an organization.
5
Anonymous Author
A complete summary of options on how to identify controls, and how to document them
5
Anonymous Author
The course was very insightful. I will be taking more of these sox related exams.
4
Member's Profile
Simple concepts , easy to understand especially for someone working in this area.
4
Member's Profile
Helped to understand SOX testing better, as well as what interner controls are.
4
Member's Profile
This was a well put together course and provided lots helpful information.
5
Member's Profile
It seems a basic but it is good to review the whole knowledgeable again.
4
Member's Profile
Great course. A lot of information to incorporate in daily job function.
5
Anonymous Author
Another good SOX course by Lynn regarding Documentation of Controls.
4
Anonymous Author
This is a great overview of how to identify and document controls.
5
Member's Profile
very easy to understand and follow, good instructor, clear concepts
4
Member's Profile
Clear and to the point information. Well laid out presentations.
5
Member's Profile
Great Instructor- I enjoyed the detailed level explanations.
5
Member's Profile
Thoroughly and concisely presented. My favorite instructor.
3
Member's Profile
good for me and served my needs as a continuing cpa and cia
5
Anonymous Author
Easy to follow and lots of practical examples
4
Anonymous Author
Provided a lot of very useful information.
4
Member's Profile
Extremely thorough.
4
Member's Profile
Great Presentation
5
Member's Profile
Great
3
Anonymous Author
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 .
Course Syllabus
INTRODUCTION and OVERVIEW
  4:58Introduction to On Demand Course Sarbanes-Oxley (SOX) Identifying and Documenting Controls
Identifying and Documenting Controls
  9:28Understanding Controls
  4:15Identifying Controls
  11:25Initiation
  8:15Processing
  13:22Determining What to Document
  11:15Types of Documentation
  6:29Flow-Chart Identified Controls
  6:02Narratives
  5:47Policies, Procedures, and Organization Charts
  6:16Questionnaires and Surveys
CONCLUSION
  4:44Course Summary
Continuous Play
  1:32:15Sarbanes-Oxley (SOX) Identifying and Documenting Controls
SUPPORTING MATERIALS
  PDFSlides: Identifying and Documenting Controls
  PDFIdentifying and Documenting Controls Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM