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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: November 4, 2019
Included In Certifications
This course is included in the following Certification Programs:
17 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
- Tools For Sarbanes-Oxley Compliance
51 Reviews (213 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.
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
(Risk and Security Engineer at MetLife)
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
(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
(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.
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.
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
(Controller)
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
(Manager 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.
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
Anonymous
(Program Management)
This is a great course for those new to SOX concepts, or for those who have forgotten what they learned in college.
Mercedes Watkins
(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.
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.
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
(CPA)
This course was excellent and provided important information that I will utilize in the future.
Corey Masters
(Risk Specialist at PNC Investments)
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.
Anonymous
(Manager Internal Audit)
The course was informative on the topic of identifying controls and documentation.
Sarah Nikas
(Finance Controls and Compliance Lead at Cargill)
Simple concepts , easy to understand especially for someone working in this area.
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.
Jennifer Pawliw
(Associate Auditor 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.
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 EZCorp)
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.
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 Spear Education)
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 .