MYCPE ONE

Section 302 And Connection To XBRL 2 Credits

Section 302 And Connection To XBRL 2 Credits

  • Lynn Fountain

    CPA (US), CGMA, CRMA, cPIA, MBA

  • Rating

    4.3

  • Reviewed on

    February, 2025

  • Subject Area

    Auditing

Learning mode

On Demand
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate

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AI Review Summary

Generated by AI based on all course reviews

Learning Objectives

  • To identify internal controls and link to SOX
  • To recognize compliance requirements
  • To XBRL and management assertion
  • To discover XBRL control point accuracy
  • To evaluate XBRL information handling
  • To identify XBRL roles & liabilities

Course Overview

You may have heard of XBRL and wonder if there is any connection to SOX sections 302 and 404. 

Well, the answer is …. yes.

XBRL stands for extensible Business Reporting Language and is a global electronic information format designed to transmit and store a business information in a machine-readable format.

The idea behind XBRL is simple.  Historically business reports treated financial information as blocks of text like a printed document or a web page. Blocks of text cannot be read by computers. But with XBRL, identifying tags provide each individual item of data with an electronic context. The SEC now mandates XBRL for publicly traded companies.

The XBRL tags are part of taxonomies developed by market constituents and are 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. 

This IIA-approved CPE course is built on the foundation of XBRL knowledge and explores the link between the SOX Act of 2002, internal controls, and eXtensible Business Reporting Language (XBRL) requirements. 

It will review why XBRL should be considered an internal control issue within organizations and compliance requirements for organizations. Additionally, this continuing education course will help identify how XBRL relates to control point accuracy.

This online CPE Auditing course also outlines the various impact of XBRL and inline XBRL on internal control processes and SOX sections 302 & 404 and why XBRL processes should be part of your 302 and 404 financial evaluation processes. This online continuing professional education course provides valuable insight into how to prepare for those impacts and learn how to address them in detail.

Key topics covered in this online CPE webinar:

  • Background
  • Authoritative guidance
  • SOX and compliance applicability
  • Control processes
  • Controls for XBRL handling information
  • Inline XBRL


You might be interested in the Certification course for SOX Specialists.

On Demand Credits for All Qualifications

License details Credits Status
Auditing for Certified Public Accountants (CPA-US) 2 CPE Approved
Internal Auditing for Certified Internal Auditors (CIA) 2 CPE Eligible
Auditing for Certified Fraud Examiner (CFE) 2 CPE Eligible
Auditing for Certification in Risk Management Assurance (CRMA) 2 CPE Eligible
Auditing for Certified Financial Forensics (CFF) 2 CPD Eligible
Auditing for Certified Government Auditing Professional (CGAP) 2 CPE Eligible
Auditing for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Approved
Auditing for Internal Audit Practitioner (IAP) 2 CPE Eligible
Certified Internal Controls Auditor (CICA) 2 CPE Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 2 CPE Eligible
Auditing for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Approved
Certified Controls Specialist (CCS) 2 CPE Eligible
Auditing for Maine Licensed Public Accountant (ME-LPA) 2 CPE Approved

Additional Information

Credits

2

Course Level

Intermediate

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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About Instructor

Lynn Fountain

Lynn Fountain CPA (US), CGMA, CRMA, cPIA, MBA

Owner, Lynn Fountain Consulting and Training

  • 4.5
  • rating
  • rating
  • rating
  • rating
  • rating

Lynn Fountain has over 39 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance.  Lynn has held two Chief Audit Executive (CAE) positions for international companies.   In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees.  The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.

Ms. Fountain is currently engaged in her own consulting and training practice.  She has successfully executed on several consulting assignments spanning areas of accounting, risk, ERM and internal audit.  She is a highly sought-after trainer and international speaker and has produced hundreds of courses delivered through seminars, conferences and on-demand training.  She is the author of three separate technical books.  

  • Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations”.
  • Leading the Internal Audit Function
  • Ethics and the Internal Auditor’s Dilemma

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


On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses accepted by NASBA and other professional organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent (43%)

Very Good (45%)

Average (11%)

Poor (1%)

Terrible

AL

Andrea Letizia, CPA (US)

5

This instructor truly lived and knew the concepts presented in the webinar. This is one of the first ones I've been totally impressed with!

DL

Dana Long, CIA

5

Informative albeit dated. The presenter states it is 2015 in the course.

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