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You may have heard of XBRL and wonder if there is any connection to SOX section 302 and 404.  Well, the answer is ….yes. XBRL, eXtensible Business Reporting Language, is a global electronic information format designed to transmit and store business information in a machine readable format.

The XBRL tags are part of taxonomies developed by market constituents, publicly available and license free. Taxonomies consist of financial concept definitions in which each business concept is defined and assigned a relationship to other concepts.  Companies are required to ensure their tags are accurate and consistent.  XBRL processes should be a well-integrated part of your 302 and 404 financial evaluation process.

This course outlines the various impact of XBRL on SOX sections 302 and 404 and provides valuable insight into how to prepare for those impacts and learn how to address them in detail.

Learning Objectives

  • Identify Internal Controls and their link to SOX
  • Recognize Compliance Requirements
  • Discover XBRL control point accuracy
  • Identify XBRL Roles & Liabilities
Last updated/reviewed: October 24, 2018

Included In Certifications

This course is included in the following Certification Programs:

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

9 Reviews (34 ratings)Reviews

5
Anonymous Author
This is a great overview of XBRL - I found it very technical having not covered the topic before but still managed to understand enough to pass the test. Lynn's presentation was clear and demonstrated her expertise in this area.
3
Anonymous Author
This course is full of a lot of technical information. At times I found it hard to follow, but still finished having learned enough to have a reasonable understanding of the topic.
5
Anonymous Author
The course provided many control points to consider that is prompting me to perform a review of the controls over our XBRL process. Very informative.
4
Member's Profile
Great course with a lot of technical information.
4
Member's Profile
Great course regarding XBRL requirements. New and interesting topic for me.
4
Member's Profile
Interesting topic delivered in an easy, understandable manner.
4
Member's Profile
I was not familiar with XBRL, so this course was very helpful.
4
Anonymous Author
Very informative
5
Anonymous Author
Excellent

Prerequisites

Course Complexity: Intermediate

Prerequisite: Exposure to SOX

 

Advanced Preparation: None

 

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 Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  3:13PREVIEW: Introduction to XBRL Connection to SOX 302/404
Legislation and Link
  10:32Legislation and Requirements
  16:41XBRL and Link to SOX
Control Point
  2:12Control Point Accuracy
  7:35Control Point Completeness and Validity
  7:32Control Point Roles and Authorizations
  4:22Control Point Presentation
Handling The Information
  3:15Handling Inputs
  4:27Handling Process
  2:07Handling Tagging
  5:21Handling Validation and Output
Internal Controls, Liability, and Responsibility
  9:27Internal Controls and Liability
  4:33Roles and Responsibilities
CONCLUSION
  8:20Standard Operating Procedures and Summary
Continuous Play
  1:29:38XBRL – Connection to SOX 302/404 and Critical Roles
SUPPORTING MATERIALS
  PDFSlides: XBRL – Connection to SOX 302/404 and Critical Roles
  PDFXBRL – Connection to SOX 302/404 and Critical Roles Glossary/Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM
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