Sarbanes-Oxley (SOX) General and Applications Controls
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Sarbanes-Oxley (SOX) General and Applications Controls

This course speaks directly to the importance of general controls (GC), application controls (AC) and spreadsheet.
New
0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1 student enrolled
Last updated 8/2017
English
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Current price: $12 Original price: $100 Discount: 88% off
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Includes:
  • 3 hours on-demand video
  • 2 Articles
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion

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What Will I 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)
View Curriculum
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.

Who is the target audience?
  • Anyone interested in accounting, finance, risk management, or related fields.
Compare to Other Accounting Courses
Curriculum For This Course
14 Lectures
03:05:55
+
Introduction
12 Lectures 03:05:50


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

Sarbanes-Oxley General Controls, Applications Controls and Spreadsheet Controls
01:32:57
+
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
About the Instructor
Illumeo Learning
4.4 Average rating
326 Reviews
1,387 Students
242 Courses
Condensed and Efficient Courses for Busy Professionals

Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.

Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.

Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Lynn Fountain (Illumeo)
4.6 Average rating
17 Reviews
94 Students
31 Courses

Ms. Fountain has over 30 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She is a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in Internal Audit, Sarbanes-Oxley, Enterprise Risk Management, Fraud, Governance and Compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She currently performs consulting for companies on internal audit, risk management, internal controls, financial reporting and accounting along with performing training. She has also been instrumental in the establishment of ERM, Sarbanes-Oxley and Governance frameworks

Ms. Fountain has developed and delivered leading edge training sessions on COSO, Internal Audit, ERM, Accounting, Leadership, Governance, Compliance and Ethics. She has numerous recorded webinars on Illumeo dot com.

Ms. Fountain has authored a publication for the Institute of Internal Auditors Research Foundation (IIARF) titled “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations”. The publication will be released April 20, 2015. In addition, she is authoring a publication for Auerbach on “The Realities of performing the Chief Audit Executive Role”. The publication will be released in the Fall 2015. In addition, she has performed as an adjunct instructor for the School of Business for Grantham University and the School of Business at the University of Kansas.

Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate.