2 CPE Often, when the term Sarbanes-Oxley Act(SOX) comes up, individuals contemplate the testing processes that are required to be executed. As evidenced in previous courses, many things must occur prior to even beginning to contemplate what, when and how to test. Previous courses have discussed an overview of the Sarbanes-Oxley legislation at a high level, SOX authoritative bodies including the Public Company Accounting Oversight Board (PCAOB) and the Securities and Exchange Commission (SEC), the evolution of the Sarbanes-Oxley standards, performing a top down risk assessment (RA), evaluating entity level and soft controls, SOX sections 404, 302, 806, 902, and 906, and the connection to an internal control framework and the Committee of Sponsoring Organizations (COSO) 2013.
The Sarbanes-Oxley Act of 2002 (also known as SOX) was enacted to safeguard shareholders, investors, and the general public against corporate accounting inaccuracies and fraudulent accounting activities. SOX compliance testing is a year-round effort for public companies.
This course focuses on the validation of control operations, which is executed through tests of controls. Tests can be performed in multiple ways and will be dependent on the type of control. In some instances, several tests may be performed on one control.
Information within this course comes from readily available public domain documents and is utilized by the trainer as a supplement for relaying the course content.
Note: The concepts outlined in this course are up to date and relevant in regards to the Sarbanes-Oxley legislation. Although there have not been any changes in the legislative concepts of the law since it’s release in 2002, some aspects of executing the work have evolved. This speaker is preparing a series of courses titled “Sarbanes-Oxley 20 years later”. Those courses can be found individually on the platform and would be beneficial for anyone involved with compliance.
NOTE: The Instructor has created 5 new segments on Sarbanes-Oxley Update - 20 Years Later:
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
- Identify methods to ensure the proper controls are selected for testing.
- Identify the variance between key controls and secondary controls.
- Understand and execute testing procedures for design and operating effectiveness of controls.
- Evaluate methods for executing testing such as: inquiry, observation, reperformance, walkthroughs, and data mining.
- Explore the nature of timing for your test of controls.
Last updated/reviewed: March 15, 2024
Included In Certifications
This course is included in the following Certification Programs:
16 CoursesSarbanes-Oxley (SOX) Certification
- Sarbanes Oxley 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) - Assessing Data Impact
- XBRL - Connection to SOX 302/404 and Critical Roles
- Tools For Sarbanes-Oxley Compliance
93 Reviews (348 ratings)
Reviews
Anonymous
(SOX process manager)
This is a good overview of S404 testing and all the complexities that accompany it. It would have been great to have some more detail on inspection as the method of testing as the other methods (inquiry, observation and re-performance) were covered with examples. Also, I was pining for more detailed review of design effectiveness testing and how testing overall should cover management review controls and controls that cover system generated reports.
Anonymous
(None)
Course did a good job of providing a foundation for testing and examples of different types of tests that may be employed. The inclusion of data analytics and their use in testing was nice and I hope the instructor considers perhaps devoting an entire series of lectures relating them to SOX/IA.
Anonymous
(-)
This is an excellent course on testing controls - very informative and well-presented. A must for those new to control testing, but also full of experienced insight for those who have been doing this type of work for a while to also benefit.
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
(Internal Auditor)
This was neat course! Short but sweet, yet thorough as always! This was a really good lesson on the testing of controls and the types of testing methods for different categories of controls. Really well done!
Carol Brunsden
(Auditor at Intelligent Software)
This course was a great review of the types of testing used when conducting a Sarbanes Oxley audit. It covered the type of information and the means to ensure that controls provide evidence to prevent a MM.
Cory Goodman
(Internal Auditor - Finance at Republic Finance)
Course material was presented clearly. Slides meaningfully demonstrated the important concepts covered. The instructor is knowledgeable about the subject matter and offers valuable personal insight.
Anonymous
(Manager SOX & Accounting)
The testing principles in this webinar are very informative and further enhances the understanding of what is involved with SOX Compliance. As always, very well explained with good examples.
Anonymous
(Senior Associate)
A great course for anyone learning about SOX testing and the nature, timing and extent of procedures to be performed. Good to see it also covered data analysis which is a hot topic these days.
Anonymous
(NFR Specialist III)
This course is a very good material for beginners, but also experienced professionals. It is clearly and accessibly structured with key points brought to attention of the students.
Anonymous
(Auditor II)
This course was helpful in understanding how to test controls. If you know anything about internal controls, this course might cover general knowledge you already know.
Jon McGinnis
(Internal Audit Director at One Call)
This is a great refresher even for a non SOX audit activity. My Company is not public, but these are still foundational audit techniques I can share with newer staff.
Anonymous
(Director of Internal Audit)
Very thorough overview of SOX testing. Very good session for new auditors to SOX testing. Validated what we are doing at our company for our SOX testing.
Randy Maddox
(Internal Control Senior at Jack Cooper Transport)
Lynn Fountain's webinars are concise and thorough. Anyone without experience would get a clear understanding of the subject matter and what's required.
Anonymous
(Senior Analyst)
Excellent course!!!Stated learning objectives were met, stated prerequisite requirements were appropriate and sufficient and instructor was effective.
Anonymous
(Internal Auditor)
I enjoyed the level of detail provided for this course, the presenter is knowledgeable and provides great examples and keeps it interesting enough.
Anonymous
(Manager - BP SOX)
The presenter was knowledgeable and provided great examples. This is a course I would highly recommend to those new to SOX or to testing of ICOFR.
Anonymous
(Senior Auditor)
This was a good overview of SOX control testing strategies and documentation. Course content were clear, well explained, and to the point.
Anonymous
(Director)
This course is very good. A lot of valuable information were provided. The materials are helpful and the time allotted is about right.
Joy Franklin
(Auditor at Assurant)
This webinar was very informative, and the detailed definitions and examples provided for SOX testing help to further my understanding.
Brenda Dugan
(Financial Controls Compliance Manager at United Community Bank)
The objectives of this course were met. Lynn provides multiple considerations and an overview of what is required before a
testing.
Anonymous
(Senior Internal Auditor)
Great content, easy to follow, I like it. It is recommended to perform all the modules consecutive to have a structured knowledge.
Anonymous
(SVP Accounting and Internal Control)
Great primer on testing. Increased information about continuous auditing/complete sample through data mining could be helpful.
Anonymous
(NFR Specialist)
very good presentation and helpful and I agree that it will further help me in my work and upgrade my skills and knowledge
Anonymous
(Consultant - Process Specialist)
This is a great course for those new to SOX concepts, or for those who have forgotten what they learned in college.
Anonymous
(SOX Reporting Manager)
Clear and concise information around the testing attributes associated with the compliance testing of key controls.
Anonymous
(Controls Specialist)
This was a thoroughly delivered course by Lynn - as always. Nature of testing and walkthroughs is well covered.
PRAVEEN KUMAR TOMAR
(Specialist Master at Deloitte Touche Tohmatsu LLC)
Excellent course material and very well articulated by the trainer, and supported by a good number of examples.
Multimer Cayabyab
(Sr. Analyst at LCL)
Informative discussion of testing of controls based on SOX, it also includes data mining and analytical topics.
Anonymous
(Internal controls manager)
This course gave good understaning of the testing methods to evaluate if the control is operating effectively.
Alexandre MAYER
(Internal Control Officer at N/A)
Good refresher on SOx testing. Good to go back to some of those concepts. The lecturer is as always very good.
Mariem Issler
(Director Internal Control, Processes and.. at Thales)
This course define the testing process and requirements for an organization to ensure controls are effective.
Anonymous
(Consultant)
I liked the amount of detail discussed with regard to actual testing procedures. Not too much in the weeds.
Anonymous
(Senior IT Auditor)
This course provided great insight into Testing of Controls, especially Walkthroughs and Re-performace.
Daiane Cavalcante
(Jr Manager Accountant at Hookipa Pharma Inc)
Course was very useful and insigthful, the presenter gave good examples and it was also easy to follow.
Lilian Dendrinos
(consultant at DLC Group)
Great class for newbies and for seasoned auditors. I'll definitely keep this as a reference source.
Anonymous
()
This is a very interesting course on SOX testing. The material is very easy to understand and concise.
ERIC ABAIDOO
( at Tullow Oil)
It is a good lecture.It can be rather confusing sometimes.I think more time should be allowed for it.
Anonymous
()
The repetition of testing principles through different topics will help me remember what I learned.
Anonymous
(Internal Auditor)
Great overview of design and operating effective. Language was quite simple and easy to understand.
Waqar Ali Shah
( at LRH)
Good explanation of the key concepts and providing in-depth knowledge of how and when to test ICFR
Paulo Sitoe
(Internal Auditor at Nokia)
Great learning about tst procedures and design. Type of testing that can be done and data mining.
Anonymous
()
Provided great detail over the various testing methodologies over control operating effectiveness
Anonymous
(CPA)
This course was excellent and provided important information that I will utilize in the future.
Anonymous
(Treasury Manager)
Great introduction to what is, in my opinion, the most difficult section of the SOX compliance.
Anonymous
()
course go through common stuff over testing not providing anything new for experienced auditors
Anonymous
(Analyst)
The course is clear and organized. I was surprised to learn about data mining in SOX testing.
Anonymous
(Specialist SOX Compliance)
This course is very interesting and gives ideas for testing and what needs to be considered.
Anonymous
(Audit Director)
This testing course was very informative with good context the nature and timing of testing.
Anonymous
()
This was a helpful review of SOX testing and the slides will be a good resource. Thank you.
Jennifer Pawliw
(Staff Auditor 1 at Berkshire Bank)
Great course with a lot of useful information.
Anonymous
(Director)
Good overall course on testing of controls. Reminders throughout the course are pertinent.
Abu Shaikh Siddique
(Senior Internal Auditor at Nokia)
SOX testing course was detailed and meaningful which provides a very good understanding.
Anonymous
(Senior Internal Auditor)
Great explanations and examples. The material is really easy to understand and follow.
Anonymous
(Audit Manager)
The instructor did a good job of relating audit tasks back to the auditing standards.
Anonymous
(Accountant)
I found the details on the components of successful walkthrough procedures helpful.
Anonymous
(Finance Director)
Great course very informative and on point to guide you on key controls and testing
Michael Rogers
(Internal Auditor at Assurant)
Good information and background to work that I do as part of job responsibilities
Shreeya Srivastava
(IS/IT Internal Auditor at Nokia)
Very well-designed course and provide learner a brief learning about these topics.
Anonymous
(Staff Operations Auditor)
This was a great course covering the types of testing completed for SOX testing.
Edward Hill
( at None)
This course provided a nice high level overview of SOX testing requirements.
Anonymous
(Manager)
SOX testing requirements and options are clearly demonstrated in this course.
Anonymous
(Internal Control Manager)
It was a great learning experience about the SOX testing. Thank you so much.
Shupto Mahbub
(CFO at Shupto Mahbub)
Not that hard materials in this section but nicely presented and explained.
Anonymous auditor
(Internal Auditor at SGSC)
The learning activity was engaging and appropriate. It met my expectations.
Anonymous
(Reinsurance Accounting Manager)
Great course to obtain an overall understanding of the testing process.
Anonymous
(Manager)
organized and detailed information.
organized and detailed information.
Tanay Srivastava
(Sr IT/IS Auditior at Nokia)
Very good course, Its good to have a one presentation rather than many
Mirwais Nazar Mohammad
(Senior Manager Finance at Ivanhoe Electric Corp.)
Very helpful technical information explained very well with examples.
Anonymous
(Accountant)
Complete information and relevant to most recent development of SOX.
Maurine Dyer
(Sole Proprietor at MDyer Information Management)
All objectives identified for this course were met for this course.
Anonymous
(N/A)
Good course. I found the content easily digestible and relevant.
Anonymous
(Manager)
Great information, explained in a clear, easy to follow manner.
Anonymous
()
Good learning experience. Course well structured and presented.
Anonymous
(Lead Auditor)
Good overview of SOX testing and effective delivery of material.
Sarah Nikas
(Finance Controls and Compliance Lead at Cargill)
Good refresher for those that have some experience in this area
Anonymous
(Contractor)
thanks for the training. I found it very useful and didactic.
Anonymous
(IT Advisory Snr. Associate)
It felt more like a refresher course and nothing surprised me
Anonymous
(Accounts Associate)
The working and the explanation was good and understanding.
Anonymous
(Internal Auditor)
Good course covering the important aspects of SOX testing.
RAJASEKARAN SUBRAMANI
(Business Compliance Manager at HCL Americas)
Objectives Learnt, Requirements Met, Relevant, Appopriate
Sudhanshu Mewara
(Manager at KNAV PA)
I have completed the course and have no further comments.
Brandon Devlin
( at ATS Automation)
Informative course - not much more applicable to comment
Anonymous
(Sole Practitioner)
well thought out and acceptable for cpe review purposes
Anonymous
(Financial Reporting Manager)
Good overall review of SOX testing. Would recommend.
Jaden Turner
(Founder - CTO - CIO at QUIKER Quality Engineering)
This was a little more in-depth and I enjoyed it
Antonio Crawford
(Senior Internal Auditor - Budget/Busines.. at Individual)
Very nice refresher training.
Anonymous
(SOX Senior Auditor)
Excellent information.
James Gately
(CPA at Self-employed)
Great Presentation
Anonymous
(Salaried Consultant)
Great stuff.
Vahé Hovakimian
(Financial Analyst at Great Place to Work Institute)
great!
Mei Ren
(Regional Director at AECOM)
Great
Anonymous
(Internal Auditor)
Good
Prerequisites
Course Complexity: Intermediate
No Advanced Preparation or Prerequisites are needed for this course, but completion of the instructor's previous webinars on Sarbanes-Oxley (SOX) may be helpful.
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
.
Lynn FountainCPA, CGMA, CRMA, MBA, cPIA, Consultant, Author, Trainer
About Illumeo
Platform
Resources
Contact Us
- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 1608 W Campbell
- Av #221, Campbell, CA 95008
© 2024 Illumeo, Inc.