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: August 11, 2023
8 Reviews (56 ratings)


Anonymous Author
Thorough coverage of important, but new topics. The presenter made it easy to follow and presented ideas clearly.

Anonymous Author
Excellent presentation of SOX info, which can be a very confusing topic. Slides were very well organized, and lecture included lots of context and examples. I highly recommend this course and instructor.

Anonymous Author
Nice update of what has changed in recent years. Always good to be reminded of how important the control environment is.

Anonymous Author
This course was informative. The instructor presented the course materials effectively.

Member's Profile
Good Course. helped me understand the impact of changes in business environment on SOX

Anonymous Author
Clear overview of the changes happened since SOX legislation implementation.

Member's Profile
Excellent course. I learned a lot. Everyone should take this course

Anonymous Author
useful, helpful, useful, helpful, good review overview

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 .
Instructor for this course
Course Syllabus
  Sarbanes-Oxley Update - Accounting Risk Assessment Considerations5:46
  SOX Update Sequence of Events6:57
  Accounting Risk Assessment15:18
  Accounting Risk Assessment Changes12:17
  Accounting Risk Assessment Changes Cont'd11:45
  Evolving Issues Technology7:20
  Evolving Issues Third Party Providers12:45
  Evolving Issues COVID Impact3:24
  Evolving Issues - Critical Audit Matters8:45
  Step Considerations for Accounting Risk Assessment7:00
  Sarbanes-Oxley Update - Accounting Risk Assessment Considerations1:31:17
  Slides: Sarbanes-Oxley Update - 20 Years Later: Accounting Risk Assessment ConsiderationsPDF
  Sarbanes-Oxley Update - 20 Years Later: Accounting Risk Assessment Considerations Glossary/ IndexPDF