2 CPE 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.
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 regards to the Sarbanes-Oxley legislation. Although there have not been any changes in the legislative concepts of the law since it’s 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.
NOTE: The Instructor has created 5 new segments on Sarbanes-Oxley Update - 20 Years Later:
Sarbanes-Oxley Update - 20 Years Later: Accounting Risk Assessment Considerations
Sarbanes-Oxley Update - 20 Years Later: Sourcing Emerging Risks Part 1
Sarbanes-Oxley Update - 20 Years Later: Evaluating Testing Processes
Sarbanes-Oxley Update - 20 Years Later: Sourcing Emerging Risks Part 2
Sarbanes-Oxley Update - 20 Years Later: Examining Fraud Risks
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: January 9, 2023
Included In Certifications
This course is included in the following Certification Programs:
16 CoursesSarbanes-Oxley (SOX) Certification
- Sarbanes Oxley (SOX) Overview
- SOX: Authoritative Bodies
- Sarbanes-Oxley (SOX) Standards - Evolution
- Information Technology General Controls Primer
- COSO 2013 Overview
- Sarbanes-Oxley (SOX) Section 404
- Sarbanes-Oxley Section 302: ICFR
- Sarbanes-Oxley (SOX) And Fraud Sections
- Sarbanes-Oxley (SOX) - Top Down Risk Assessment Part 1
- Sarbanes-Oxley (SOX) - Top Down Risk Assessment Part 2
- Sarbanes-Oxley (SOX) - Entity Level Controls
- Sarbanes-Oxley (SOX) Identifying and Documenting Controls
- Sarbanes-Oxley (SOX) Testing
- Sarbanes-Oxley (SOX) - Assessing Data Impact
- XBRL - Connection to SOX 302/404 and Critical Roles
- Tools For Sarbanes-Oxley Compliance
103 Reviews (384 ratings)
Reviews
Anonymous
(SVP Accounting and Internal Control)
Great nuts and bolts discussion on control documentation. If not covered in upcoming course, a course that provides a survey of the electronic tools available in today's market would be helpful.
Shupto Mahbub
(CFO at Shupto Mahbub)
This section covered a lot but materials are easy to digest and the layout was done nicely.
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.
Anonymous
(Associate Director)
The instructor provides a great overview of the different types of internal controls, how information flows through the control (inputs, processes, outputs). Further, the instructor goes in-depth into the documentation needed for SOX purposes.
Anonymous
(Internal Control Expert)
It was very well structured, well-paced and easy to follow training course. Structuring the course in segments as well as offering a continuous play option is perfect for any learning style. The examples given were good.
Anonymous
(IT Risk Associate)
Great concise course over SOX, Identifying and Documenting controls. Materials covered more on the financial audit side vs. information technology side, but all in all great information. I would recommend this course.
Sharon Thurber
(Senior Strategy & Planning C.. at Wells Fargo)
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.
Juantai Jones
(Payroll Manager at Private)
This was the best section in my opinion. It really pulled together the details of each area discussed! The samples and explanations were easily understandable. This section has me feeling more confident!
Multimer Cayabyab
(Sr. Analyst at LCL)
A good topic, it provides you the process of identifying and documenting of controls, on which it is important for auditors to understand and how it works so they can properly use it to assess controls.
Stephen Rykwalder
(Internal Audit at Public Company)
It is always good to brush up on these topics, including best practices for narratives and flowcharts. I really liked the idea of using different colors to denote specific things, like risk level.
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
(Internal Auditor)
The course was informative and helpful in better understanding in identifying and documenting controls as it relates to sarbanes-oxley. This instructor speaks clearly and gives good information.
Anonymous
(Director, Financial Reporting)
This course is a good overview for those familiar with internal controls and those not as familiar; would be beneficial for control owners to understand some of the points in this course.
Cory Goodman
(Internal Auditor - Finance at Republic Finance)
Course content was presented clearly. Slides provided meaningful insight into the concepts discussed. Instructor was knowledgeable about the subject matter and offered practical insight.
Anonymous
(Senior Internal Auditor)
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.
Anonymous
(Senior IT Auditor)
Course was invigorating. Though a lot of the information has already been dealt with in previous courses, it served as a reinforcement of knowledge already previously acquired.
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.
Brenda Dugan
(Financial Controls Compliance Manager at United Community Bank)
Lynn discuses the anatomy and/or concept of controls and documentation used to demonstrate the latter. The quality of her presentation is detailed, informative and relevant.
Anonymous
(Manager SOX & Accounting)
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.
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.
Anonymous
()
This course provides a good understanding of what controls are and methods of documenting the identification, maintenance, review, and updating of controls.
Anonymous
(Analyst)
This course would really benefit accountants or employees with limited experience in SOX to understand the basic concepts in designing internal controls.
Kevin Murray
(Controller at DA Collins)
This is an excellent course to understand SOX requirements from an IC perspective and for identifying internal control documentation requirements.
Anonymous
(Controller)
This course thoroughly covered ALL aspects of identifying and documenting controls. I will be re-reviewing the content of my process narratives!
Anonymous
(Manager - BP SOX)
The course was informative and the slides had all the necessary information. The presenter was also very knowledgeable and gave great examples.
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
(Senior Auditor)
This was a good overview of SOX controls identification and documentation. Course content were clear, well explained, and to the point.
Anonymous
(SFA)
Another awesome course from Lynn. It is useful if you would like to get either a refresher or introduction to the subject. Thank you.
Katie Surratt
(Auditor II at Simmons Bank)
The breakout and detail of course was easy to follow and help me learn the appropriate information to complete the applicable course
James Faranda
(Auditor at CBP DHS GOV)
good details and explanations organized for understanding of different stages/purposes of internal controls over financial reporting.
Anonymous
(Manager of Audit)
The course is very thorough and great for training new staff or reminding experienced staff of correct procedures and processes.
Anonymous
(Internal Auditor)
Good overview of identification and documentation of controls. Example used in the slides were easy to understand and relate.
Jon McGinnis
(Internal Audit Director at One Call)
I currently work in a private company but still found the materials to be excellent refreshers regarding documentation, etc.
Abu Shaikh Siddique
(Senior Internal Auditor at Nokia)
Sarbanes-Oxley (SOX) Identifying and Documenting Controls course is really helpful to understand documentation importance.
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.
Anonymous
(Not Provided)
Decent overview of SOX documentation, what is a control and why it might be important to an entitie's financial reporting.
Anonymous
(internal auditor)
Всегда есть смысл пройтись по такому курсу заново, чтобы повторить
Waqar Ali Shah
( at LRH)
The presenter has a good understanding of the subject matter and gives a very lucid explanation of different concepts
Mariem Issler
(Director Internal Control, Processes and.. at Thales)
This course provides clear example of control methodology and documentation which is very helpful for an organization.
Anonymous
(Risk and Control Analyst)
This course was very informative. It provides some great information regarding controls and I enjoyed the training.
Anonymous
(Consultant - Process Specialist)
This is a great course for those new to SOX concepts, or for those who have forgotten what they learned in college.
Anonymous
()
I thought this course provided a nice high level overview of what to do and look for when documenting controls.
Anonymous
()
This was a great refresher on the main concepts for SOX and the course content was well delivered and laid out.
Mercedes Maldonado
(Chief Strategist at Meveau)
This is a good foundation refresher. All beginners should take a course like this during their formative years.
Eugene Ko
(Process Risk and Controls Consulting Ass.. at RSM)
Great explanation, would recommend to new associates to go into detail of identifying and documenting controls.
Anonymous
(Controls Specialist)
A brilliant course and sheds some light on advantages and disadvantages of narrative vs process flow diagrams.
Devery Adair
(CFO at PLI Industries LLC)
Great information on documenting internal controls! Would like to take the other classes by this instructor.
Daiane Cavalcante
(Jr Manager Accountant at Hookipa Pharma Inc)
Course very good, clarified a lot of my questions related to documentation and was also very straightforward.
Anonymous
(N/A)
Great course. I found it helpful to walkthrough best practices for identification and documenting of IC's.
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
(UP Specialist)
Lynn sure knows her stuff when is comes to SOX, she is easy to follow and clearly states the information.
Anonymous
(Financial Reporting Manager)
Great overview of SOX controls, process of evaluating and documenting. PDF of slide show is very useful.
Carol Brunsden
(Auditor at Robert half consultant)
Good explanation on controls and types of documentation used for defining controls for the organizations.
Anonymous
(Specialist SOX Compliance)
It is amazing that how many aspects need to be considered! This is a good list of important elements.
Anonymous
(SOX process manager)
This session is a nice and clear presentation on the various ways to identify and document controls.
Anonymous
(Internal controls manager)
This training gave good understanding of the documentation needs related to internal controls.
Janae Dacut, MBA, CIA
(Auditor at Kaiser Permanente)
Very informative course that I will definitely utilize in future audit engagements in my career.
ERIC ABAIDOO
( at Tullow Oil)
Very practical even though Controls are difficult to understand and identify.I enjoyed it though.
Anonymous
(Auditor)
really liked the course provided here looking forward to enrolling into more courses like this.
Anonymous
(IT Advisory Snr. Associate)
This course is refreshing. I like the content. New auditors will learn a lot from this training.
Anonymous
(CPA)
This course was excellent and provided important information that I will utilize in the future.
Corey Masters
(Accountant, Internal Auditor, Risk Speci.. at Self)
Another good course in the SOX certification process. I would recommend it as a good review.
Michael Rogers
(Internal Auditor at Assurant)
In depth view of the planning process will be helpful in future planning procedures for work
Anonymous
(Senior Internal Auditor)
The presentation and material are really easy to understand for people who are new in IA.
Anonymous
(Risk Analyst)
Good training. This is a basic view of controls. This facilitator does a very good job.
Anonymous
()
Course contains plenty of interesting information on identifying and documenting controls
Erick Martinez
(Contractor at Self Employed)
great detailed review of control documentation. Trainer is very thorough and detailed.
Anonymous
(Manager, Internal Audit)
Great course which reinforces the need for proper documentation within an organization.
Anonymous
(Internal Auditor)
The program was good, and the materials were relevant. It met my learning objectives.
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.
Anonymous
(Manager Internal Audit)
The course was informative on the topic of identifying controls and documentation.
Anonymous
(Internal Control Manager)
I was perfectly able to relate to this course with my process owner background.
Sarah Nikas
(Finance Controls and Compliance Lead at Cargill)
Simple concepts , easy to understand especially for someone working in this area.
Maurine Dyer
(Sole Proprietor at MDyer Information Management)
Good course to get an understanding about controls and how to identify controls.
Jana Connoway
(Senior Internal Auditor at HealthShare Ltd)
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 Controls Manager at Hoshizaki Europe B.V..)
It seems a basic but it is good to review the whole knowledgeable again.
Ahmed Saeed
( at Surgi-Tech)
Great Course of Sarbanes Oxley (SOX) Identifying and documenting controls.
Jennifer Pawliw
(Staff Auditor 1 at Berkshire Bank)
Great course. A lot of information to incorporate in daily job function.
Anonymous
(Auditor)
Great course on controls that include numerous definitions and examples.
Tanay Srivastava
(Sr IT/IS Auditior at Nokia)
Very good course, Its good to have a one presentation rather than many
Anonymous
(Lead IT Auditor)
Another good SOX course by Lynn regarding Documentation of Controls.
Anonymous
(Staff Operations Auditor)
This is a great overview of how to identify and document controls.
Edmeire Oliveira
(Director of Accounting Latam at Blue Loop Capital)
very easy to understand and follow, good instructor, clear concepts
Paulo Sitoe
(Internal Auditor at Nokia)
Great recap about testing documentation and types os documentation
Jeff Nelson
( at A.O. Smith Corp.)
Clear and to the point information. Well laid out presentations.
Anonymous
(Director)
Good overview and reminder of key elements of internal control.
sapna patel
(CFO at Pentus Health)
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
(Accountant)
The detailed breakdown of testing components was helpful.
Anonymous
(Business Compliance Manager)
Objectives were met, Sufficient info, Effective Material
Anonymous
()
Informative, not much else to say here. Not applicable.
Anonymous
(Internal Auditor)
Good course- including content and the instructor.
Anonymous
(Accounts Associate)
The course is good and the explaination was good .
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 OEConnection, LLC)
Extremely thorough.
James Gately
(CPA at Self-employed)
Great Presentation
Mei Ren
(Regional Director at AECOM)
Great
Anonymous
(Internal Auditor)
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
.
Lynn FountainCPA, CGMA, CRMA, MBA, Consultant, Author, Trainer
About Illumeo
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Contact Us
- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 75 East Santa Clara St.
- Suite 1215, San Jose, CA 95113
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