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SOX Executing A Top Down Accounting Risk Assessment

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Before starting this self study program, please go through the instructional document.


  • Top Down RA
    3 mins
  • Management Override
    12 mins
  • Controls over RA
    20 mins
  • Example Linkage
    34 mins
  • ELC Considerations
    52 mins

Course Description

Concepts for an accounting top down risk assessment can be well defined, but execution of a true top-down risk accounting risk assessment is still a challenge. The requirement of AS5 to consider multiple risk factors complicates the process. Organizations will often struggle with the best method to properly evaluate their accounts to determine those which present the potential for a material misstatement.

This session will focus on the methodology steps reviewed in Segment One of developing a to-down risk assessment and provide scenario examples of how they might be applied in real world. There are in total 5 key steps which are used to focus the scope of the SOX 404 processes.

We will dive further into understanding how to examine entity-level controls and their importance on determine account significance.  We will review the steps outlined in Segment One and apply those steps towards two separate scenarios.  This will allow the participant to think through the process and application and to examine how a scoring methodology may be beneficial within their individual’s process. 

Major topics covered in this online CPE webinar:

  • Top Down Risk Assessment
  • Evaluating ELCs
  • ELC Considerations
  • 5 key steps to top down risk assessment
  • Practical illustrations of implementing top down risk assessment

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Learning Objectives

  • To learn of key steps such as 
  • Assessing entity level controls
  • Determining significant accounts
  • Linking to assertions
  • Identifying related controls for significant accounts
  • Linking to COSO principles

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Auditors
  • Certified Management Accountant
  • Certified Public Accountant
  • Chief Accounting Officer
  • Cloud Accountants
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA