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It’s been 20 years and counting since the Sarbanes-Oxley legislation was passed. In theory the legislative requirements outlined are still in place. Although the requirements haven’t changed, time has changed and as a result, execution of the processes has most likely changed.

On the platform are a series of courses that outline the full scope of the Sarbanes-Oxley Act and the various SOX sections. Twenty-years later the information in these courses remains relevant. However, it would be amiss to not recognize that the passage of time has changed our world. Think of various events such as economic change, technological evolution, the pandemic etc. These are just a few of the changes that may have impacted the manner in which we execute some of the processes outlined in the SOX legislation.

This is the first in a series of courses that will evaluate how various aspects of the SOX 404 process may be impacted by the passage of time and the evolution of risks. We will address some questions that corporate personnel and auditors might want to consider when executing their annual compliance process.

This course, we focus on the accounting risk assessment and considerations that may have changed since the original legislation was passed.

Other Segments of Sarbanes-Oxley Update - 20 Years Later by Lynn Fountain.
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

  • Discover and review concepts of SOX process.
  • Explore and review Accounting Risk Assessment factors per AS5.
  • Identify and consider changes required to Accounting Risk Assessment and considerations of SAS 145.
  • Identify and consider impact of evolving issues:
    • The impact of technology.
    • Impact of critical audit matters.
    • Third-party providers.
    • The impact of COVID.
    • The impact of ESG.
  • Discover and review a six-step process to executing an accounting risk assessment.
Last updated/reviewed: May 21, 2022

2 Reviews (7 ratings)Reviews

5
Member's Profile
Good Course. helped me understand the impact of changes in business environment on SOX
5
Member's Profile
Excellent course. I learned a lot. Everyone should take this course

Prerequisites

Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.

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
  5:46Sarbanes-Oxley Update - Accounting Risk Assessment Considerations
  6:57SOX Update Sequence of Events
  15:18Accounting Risk Assessment
  12:17Accounting Risk Assessment Changes
  11:45Accounting Risk Assessment Changes Cont'd
  7:20Evolving Issues Technology
  12:45Evolving Issues Third Party Providers
  3:24Evolving Issues COVID Impact
  8:45Evolving Issues - Critical Audit Matters
  7:00Step Considerations for Accounting Risk Assessment
CONTINUOUS PLAY
  1:31:17Sarbanes-Oxley Update - Accounting Risk Assessment Considerations
SUPPORTING MATERIAL
  PDFSlides: Sarbanes-Oxley Update - 20 Years Later: Accounting Risk Assessment Considerations
  PDFSarbanes-Oxley Update - 20 Years Later: Accounting Risk Assessment Considerations Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM