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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: August 25, 2017

Included In Certifications

This course is included in the following Expert Certifications:

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

27 Reviews (110 ratings)Reviews

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.
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.
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.
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
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.
5
Anonymous Author
Great course which reinforces the need for proper documentation within an organization.
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.
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.
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.
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