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Often, when the term Sarbanes-Oxley (SOX) comes up, individuals contemplate the testing processes that are required to be executed.  As evidenced in previous courses, many things must occur prior to even beginning to contemplate what, when and how to test.  Previous courses have discussed an overview of the Sarbanes-Oxley legislation at a high level, SOX authoritative bodies including the Public Company Accounting Oversight Board (PCAOB) and the Securities and Exchange Commission (SEC), the evolution of the Sarbanes-Oxley standards, performing a top down risk assessment (RA), evaluating entity level and soft controls, SOX sections 404, 302, 806, 902, and 906, and the connection to an internal control framework and the Committee of Sponsoring Organizations (COSO) 2013.

This course focuses on the validation of control operations, which is executed through tests of controls.  Tests can be performed in multiple ways and will be dependent on the type of control.  In some instances, several tests may be performed on one control.

Learning Objectives

  • Identify methods to ensure the proper controls are selected for testing.
  • Identify the variance between key controls and secondary controls.
  • Understand and execute testing procedures for design and operating effectiveness of controls.
  • Evaluate methods for executing testing such as: inquiry, observation, reperformance, walkthroughs, and data mining.
  • Explore the nature of timing for your test of controls.
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

15 Reviews (61 ratings)Reviews

3
Anonymous Author
Course did a good job of providing a foundation for testing and examples of different types of tests that may be employed. The inclusion of data analytics and their use in testing was nice and I hope the instructor considers perhaps devoting an entire series of lectures relating them to SOX/IA.
5
Anonymous Author
This is an excellent course on testing controls - very informative and well-presented. A must for those new to control testing, but also full of experienced insight for those who have been doing this type of work for a while to also benefit.
5
Member's Profile
Lynn Fountain's webinars are concise and thorough. Anyone without experience would get a clear understanding of the subject matter and what's required.
5
Member's Profile
Great class for newbies and for seasoned auditors. I'll definitely keep this as a reference source.
4
Member's Profile
Great course with a lot of useful information.
4
Anonymous Author
Complete information and relevant to most recent development of SOX.
4
Member's Profile
Good refresher for those that have some experience in this area
5
Member's Profile
This was a little more in-depth and I enjoyed it
5
Member's Profile
Very nice refresher training.
4
Anonymous Author
Excellent information.
4
Member's Profile
Great Presentation
4
Anonymous Author
Great stuff.
5
Member's Profile
great!
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
  7:47Introduction to Sarbanes-Oxley (SOX) Testing
Sarbanes-Oxley (SOX) Testing
  5:11Selecting Controls to Test
  6:12Design Effectiveness
  3:12Testing Operating Effectiveness
  10:58Relationship of Risk to Controls Tested
  3:35SOX - Nature of Tests
  3:01SOX - Timing of Tests
  5:31Key Vs. Secondary Controls
  10:57Inquiry
  10:43Walkthroughs
  8:38Data Mining and Analytical
CONCLUSION
  9:35Course Summary
Continuous Play
  1:25:20Sarbanes-Oxley (SOX) Testing
SUPPORTING MATERIALS
  PDFSlides: Testing
  PDFTesting Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM