SOX 404

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Course Description
Course Qualification
Presenter
FAQ

Course Description

Sarbanes-Oxley was passed in 2002 and year one of attestation for publicly traded companies was 2004. SOX section 404 is the most prominent of the many requirements covered under the legislation.

The most contentious aspect of SOX is Section 404, which requires management and the external auditor to report on the adequacy of the company's internal control on financial reporting (ICFR). This is the costliest aspect of the legislation for companies to implement, as documenting and testing important financial manual and automated controls requires enormous effort.

The online CPE webinar is a comprehensive guide to the SOX 404 process. Our expert Lynn Fountain shows you the “ins and outs” of 404 compliance, providing the practical knowledge to get you up to speed

Key topics covered in this online CPE course:

Summary of SOX 404 requirements
COSO and the Internal Control Framework
SEC and PCAOB ongoing SOX 404 requirements
Accounting Risk Assessment
Documentation Requirements
Testing Requirements
Significant Deficiency and Material Weakness
PCAOB 2012 Report on Public Companies ICFR

This online CPE webinar is designed to provide accountants and other financial professionals with the practical knowledge to successfully implement the 404 processes.

You’ll learn how to set up your compliance project and manage it from start to finish. You’ll take advantage of lessons learned and be able to meet your reporting requirements.

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

Modules

1.1 Introduction of SOX legislation
00:06:10

1.2 SOX Primer overview
00:01:47

2.1 Sequence of events and Internal control
00:11:41

2.2 COSO update and new concepts
00:03:30

2.3 Operating environment
00:02:40

2.4 Assessing effectiveness
00:04:55

2.5 SEC ongoing requirements
00:05:01

2.6 Relevant assertions
00:08:35

2.7 Accounting risk assessment
00:20:40

3.1 What to document?
00:07:13

3.2 Process flows and documentation requirements
00:06:02

3.3 Identifying control types
00:03:18

3.4 Documenting - Non - Routine, Estimates, Process
00:03:10

Learning Objectives

To recognize a process methodology to use for SOX 404 attestation
To differentiate the key requirements of SOX documentation
To identify key requirements of sourcing risks and documenting controls
To describe requirements to assess design effectiveness and then validate operating effectiveness
To recognize and apply the materiality concept
To identify the proper levels of reporting for your SOX 404 process
To recognize the importance of understanding all elements of the COSO framework
To identify how to properly attest to the COSO principles
To identify and apply the steps of the SOX Section 404 process
Describe key control
To recognize correct statements about the control environment
To identify how a process flow should show
To describe risk tolerance

Recommended For

This IIA Approved SOX webinar is recommended for CIA and all other titles governed by IIA.
This online CPE webinar is recommended for CPA, CMA, Accountants and Finance Professionals, CFOs, CEOs, Legal and compliance professionals, Board members, and Audit committee members involved in forming and assessing internal controls.

Who Should Attend?

Accountant
Accounting Firm
Accounting Managers
Accounting Practice Owners
Accounts Director
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
CPA in Business
Entrepreneurial CPA
Senior Accountant
Staff of Accounting Firm
Young CPA

Course Qualification

Webinar Qualifies For

2 General Credit for Accountant/Bookeeper
2 CPE Credit for Certification in Risk Management Assurance (CRMA)
2 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
2 CPE Credit of Auditing for Certified Management Accountants (CMA)
2 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
2 CPE Credit for Internal Audit Practitioner (IAP)
2 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
2 CE Credit for Certified Wealth Strategist (CWS)
2 CPD Credit of Auditing for Certified Financial Forensics (CFF)
2 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
2 CPE Credit for Certified Government Auditing Professional (CGAP)
2 CPE Credit for Certified Government Financial Manager (CGFM)
2 CPE Credit of Auditing for Certified Valuation Analyst (CVA)
2 CPE Credit of Auditing for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)

Additional details

Course Level :

Basic
Credits :

2
Instructional Method :

QAS Self Study
Pre-requisites :

None
Advance Preparation :

None

NASBA APPROVED

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

MY-CPE LLC (Sponsor Id#: 143597) 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.

Presenter

About Presenter

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

Owner, Lynn Fountain Consulting and Training

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.

About Company

Lynn Fountain Consulting and Training

www.lynnfountain.net/

Ms. Fountain has become known as an international trainer on topics of Leadership, Internal Audit, Accounting, Finance, Ethics, Business Processes, Bookkeeping, Cybersecurity and Business Issues. She has over 150 training topics that can be tailored to meet your needs.

Faq

FAQs content

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