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This is part of our ongoing series which takes a look at Sarbanes-Oxley requirements 20 years since the legislation 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 course focuses on the testing of controls for effective operation. We examine the concept at a high level considering all the changes in technology in the past twenty years. Then we utilize the processes of accounts payable, procure-to-pay and payroll to examine how to possible apply enhanced testing methods that may not have been available in 2004.

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 the testing requirements.
  • Recognize the legacy testing process.
  • Explore and examine what has changed.
  • Identify where to begin your automation processes.
  • Recognize and understand roadblocks in adoption process.
  • Explore and examine accounts payable and procure-to-pay process.
  • Explore and examine payroll process.
Last updated/reviewed: May 5, 2022

1 Review (2 ratings)Reviews

5
Member's Profile
This was a great class. The material was covered thoroughly and easy to follow and understand.

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
  6:31Introduction to Sarbanes-Oxley Update - 20 Years Later: Evaluating Testing Processes
  1:59Legacy Testing Process
  23:24What has Changed?
  14:04Where to Begin?
  6:16Adoption Roadblocks
  15:01Automate Accounts Payable and Procure Pay
  14:24Automate Accounts Payable and Procure Pay Cont'd
  13:24Payroll
  1:26Summary
CONTINUOUS PLAY
  1:39:29Sarbanes-Oxley Update - 20 Years Later: Evaluating Testing Processes
SUPPORTING MATERIAL
  PDFSlides: Sarbanes-Oxley Update - 20 Years Later: Evaluating Testing Processes
  PDFSarbanes-Oxley Update - 20 Years Later: Evaluating Testing Processes Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM