Sarbanes-Oxley (SOX) General and Applications Controls
4.1 (69 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
269 students enrolled

Sarbanes-Oxley (SOX) General and Applications Controls

This course speaks directly to the importance of general controls (GC), application controls (AC) and spreadsheet.
4.1 (69 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
269 students enrolled
Last updated 8/2017
English
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Current price: $69.99 Original price: $99.99 Discount: 30% off
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This course includes
  • 1.5 hours on-demand video
  • 2 articles
  • 2 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Identify controls to evaluate as it relates to Information Technology (IT) and Sarbanes-Oxley (SOX).
  • Explore the IT Control Framework, and recognize how to approach IT evaluation.
  • Explore IT Entity controls.
  • Explore Application Controls (AC) vs. General Controls (GC).
  • Identify Information Technology General Controls (ITGC) that are specific to Financial Reporting (FR).
Requirements
  • 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.
Description

This course speaks directly to the importance of general controls (GC), application controls (AC) and spreadsheet controls as they relate to Sarbanes-Oxley (SOX).  In the initial years of SOX compliance, many felt that a material weakness could not result from a failure of any type of Information Technology (IT) control. The world has changed, and IT is no longer simply a back office function. IT is of strategic importance to internal control over financial reporting (ICFR), and it must be adequately evaluated from both a GC and AC level.

The Public Company Accounting Oversight Board (PCAOB) and Securities and Exchange Commission (SEC) guidance states technology controls should only be part of SOX 404 to the extent specific financial risks are addressed. This approach can significantly reduce the scope of IT controls required in the assessment.  Scoping decision is part of the entity's top-down risk assessment and can utilize a baselining approach.  However, to understand the aspects of how to scope and baseline information technology controls, the assessor must have a strong understanding of how technology controls impact internal controls over financial reporting.

If you would like Continuing Education Credit (e.g. CPE, CE, CPD, etc.) for this course, it is available if you take this course on the Illumeo dot com platform under course title: Sarbanes-Oxley (SOX) General Controls, Applications Controls, and Spreadsheet Controls. Illumeo is certified to provide CPE in over two dozen different professional certifications covering finance, accounting, treasury, internal audit, HR, and more. However, in order to receive CPE credit the courses must be taken on an ‘approved-by-the-governing-body’ CPE platform, and for over two dozen corporate professional certifications, that is the Illumeo platform. Go to Illumeo dot com to learn more.

Who this course is for:
  • Anyone interested in accounting, finance, risk management, or related fields.
Course content
Expand all 13 lectures 01:32:58
+ Introduction
11 lectures 01:32:53
Identifying Technical Controls to Evaluate
03:55
IT Controls Framework
09:01
Technology Entity Controls
12:23
Application Vs. General Controls
10:25
ITGC Specific to FR
10:35
SDLC
06:21
Application Controls
08:30
IT Baselining
09:53
Spreadsheets
08:52
+ Supporting Materials
2 lectures 00:05
Slides: Sarbanes-Oxley (SOX) General Controls, Applications Controls
00:02
Sarbanes-Oxley (SOX) General Controls, Applications Controls
00:02
+ Review and Test
0 lectures 00:00

Review Questions: Sarbanes-Oxley (SOX) General Controls, Applications Controls, and Spreadsheet Controls

​Review Questions
6 questions

FINAL EXAM: Sarbanes-Oxley (SOX) General Controls, Applications Controls, and Spreadsheet Controls

FINAL EXAM
10 questions