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To re-establish investor confidence, the Sarbanes-Oxley legislation made executive certifications of financial statements a permanent requirement for all publicly traded companies in the U.S.  In doing so, they introduced a newly defined term “disclosure controls and procedures.” This expanded the concept of Internal Controls over Financial Reporting.

SOX Section 302 became effective August 29, 2002. It stated:

“The executive certification requirement applies to companies filing quarterly/ annual reports with the SEC under Section 13(a) or 15 (d) of 1934 Exchange Act.”  Since the implementation date for SOX 302 was well before SOX 404, many questions surfaced regarding the adequacy of procedures established.  In addition, many companies have not significantly revisited their procedures since initially establishing them.

SOX 302 certification requirements are essential to proper financial reporting.  All personnel should have a strong understanding of the requirements and their obligations related to SOX 302.  This course is designed to provide a deeper understanding of the requirements behind SOX 302, the meaning of the certifications required from management and an analysis of processes that should be continually re-evaluated for improvement.

Learning Objectives

  • Discover background Section 302 requirements
  • Explore other disclosure requirements
  • Identify disclosure controls and procedures
  • Explore the management process
  • Recognize the differences between Sections 404 and 302

 

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

20 Reviews (76 ratings)Reviews

4
Anonymous Author
This course is full of information about SOX 302. The instructor never fails me, the course was outlined very well and explained everything in detailed.
5
Member's Profile
A g.ood course on Section 302. I have been around 404 for years and learned a lot of new things with this course.
5
Anonymous Author
Very organized. Great examples. All staff at management level or above should take this course.
4
Anonymous Author
Excellent discussion of 302 history, expectations, and challenges. Well-presented and concise.
4
Anonymous Author
Provided more detail than I was aware of on 302. Gave me some work to do. Good overall.
5
Anonymous Author
Great overview of SOX 302 and good comparisons of the differences between 404 and 302.
5
Anonymous Author
Excellent overview of the content and high level review of 404.
4
Member's Profile
Good course and the pace of information given was great.
4
Member's Profile
Good description of the differences between 404 and 302.
4
Anonymous Author
Good coverage of 302 coupled with a comparison to 404.
4
Anonymous Author
Effective review of 302 and introduction to ICFR.
5
Anonymous Author
Great explanation of elements of SOX 302
5
Anonymous Author
Good over view and insight.
4
Member's Profile
Great Presentation
4
Anonymous Author
Very informative.
4
Member's Profile
Great content.
4
Anonymous Author
Good overview.
4
Anonymous Author
valued course
5
Member's Profile
great!
5
Anonymous Author
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Prerequisites

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed 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
  3:15Introduction to SOX 302
SOX 302
  10:56Background and 302 Requirements
  10:32Certification Wording
  8:35Other Disclosure Requirements
  7:22Types of Disclosure Controls
  10:01Management Requirements
  14:22Improvements
CONCLUSION
  8:40404 Vs. 302
Continuous Play
  1:13:43SOX 302
SUPPORTING MATERIALS
  PDFSlides: SOX Section 302
  PDFSOX Section 302 Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM