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Lynn Fountain, CPA, CGMA, CRMA, MBA, Consultant, Author, Trainer
Former Chief Audit Executive for two global companies, expert in SOX, COSO, ERM and corporate governance frameworks. Nationally recognized trainer, speaker published author.
This instructor has 171 courses »To Access This Course:
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: November 19, 2020
Included In Certifications
This course is included in the following Certification Programs:
17 CoursesSarbanes-Oxley (SOX) Certification
- Sarbanes Oxley (SOX) Overview
- SOX: Authoritative Bodies
- Sarbanes-Oxley (SOX) Standards - Evolution
- Information Technology General Controls Primer
- COSO 2013 Overview
- Sarbanes-Oxley (SOX) Section 404
- Sarbanes-Oxley Section 302: ICFR
- Sarbanes-Oxley (SOX) And Fraud Sections
- Sarbanes-Oxley (SOX) - Top Down Risk Assessment Part 1
- Sarbanes-Oxley (SOX) - Top Down Risk Assessment Part 2
- Sarbanes-Oxley (SOX) - Entity Level Controls
- Sarbanes-Oxley (SOX) Identifying and Documenting Controls
- Sarbanes-Oxley (SOX) Testing
- Sarbanes-Oxley (SOX) - Information Technology Controls
- Sarbanes-Oxley (SOX) - Assessing Material Impact
- XBRL - Connection to SOX 302/404 and Critical Roles
- Tools For Sarbanes-Oxley Compliance
18 CoursesFinancial Statement Preparation, Reporting and Auditing Certification
- Financial Statement Introduction
- GAAP Principles, Assumptions and Considerations
- GAAP Presentation of Financial Statements
- Management Discussion and Analysis (MD&A) Update
- Sarbanes Oxley (SOX) Overview
- Sarbanes-Oxley Section 302: ICFR
- XBRL (Extensible Business Reporting Language) Introduction to Basics - Updated
- XBRL - Connection to SOX 302/404 and Critical Roles
- Analyzing Financial Ratios - Solvency, Liquidity and Debt
- Analyzing Financial Ratios - Leverage
- Analyzing Financial Ratios - Performance And Efficiency
- Conducting An Audit In Accordance With GAAS - Part 1
- Conducting An Audit In Accordance With GAAS - Part 2
- Conducting An Audit In Accordance with GAAS - Part 3
- Introduction to Accounting for Income Taxes Based on Income
- Practical Application For Accounting For Income Taxes Based On Income Part 1
- Practical Application For Accounting For Income Taxes Based On Income Part 2
- FASB Codification Research System
17 Reviews (63 ratings)Reviews
Anonymous
(Director Internal Control, Processes and..)
This is a high level technical course about XBRL, with reminders of the important checks before completing the submission.
Anonymous
(SOX process manager)
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.
Anonymous
(Internal Control Expert)
It was very well structured, well-paced and easy to follow training course. Structuring the course in segments as well as offering a continuous play option is perfect for any learning style. The examples given were good.
Anonymous
(Staff Operations Auditor)
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.
Anonymous
(Manager SOX & Accounting)
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.
ERIC ABAIDOO
( at Tullow Oil)
I have come to understand the idea behind XBRL.I believe it would be helpful if it was adopted worldwide.Excellent concept!
Paulo Sitoe
(Internal Auditor at Nokia)
Overall good learning material. the XBRL vs SOX was really good learning in a way that shows link between them.
Anonymous
(Controls Specialist)
Great course - I didn't know much about this topic so it was good to be enlightened on the subject.
Jennifer Pawliw
(Associate Auditor at Berkshire Bank)
Great course with a lot of technical information.
Anonymous
(CPA)
This course was excellent and provided important information that I will utilize in the future.
Anonymous
(Program Management)
The explanations are easy to follow. I now have an idea of what XBRL is all about.
Gabriel Sotero
(Associate at PwC)
Great course regarding XBRL requirements. New and interesting topic for me.
Anonymous
(Internal controls manager)
This course gave good information about XBRL and connection to SOX.
Sarah Nikas
(Finance Controls and Compliance Lead at Cargill)
Interesting topic delivered in an easy, understandable manner.
Joy Franklin
(Auditor at Assurant)
I was not familiar with XBRL, so this course was very helpful.
Anonymous
(SOX Senior Auditor)
Very informative
Anonymous
(None)
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 .