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SOX General Controls, Application Control, Spreadsheet Controls

  • Accountant
  • CRMA
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • QIAL
  • CWS

Published: April, 2022

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

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

SOX (part of United States federal law) requires the chief executive and chief financial officers of public companies to attest to the accuracy of financial reports (Section 302) and require public companies to establish adequate internal controls over financial reporting (Section 404). Passage of SOX resulted in an increased focus on general IT controls, as these support financial processing and therefore fall into the scope of management's assessment of internal control under Section 404 of SOX.

This webinar will speak directly about the importance of general controls (GC), application controls (AC) and spreadsheet controls as they relate to Sarbanes-Oxley.  In the initial years of SOX compliance, many felt that a material weakness could not result from a failure of any type of IT control. The world had changed. IT is no longer simply a back-office function. IT is of strategic importance to ICFR.  It must be adequately evaluated from both a GC and AC level

The COBIT framework may be used to assist with SOX compliance, although COBIT is considerably wider in scope PCAOB and 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.

Major topics covered in this online CPE webinar:

  • Information technology and SOX
  • IT Control Framework
  • IT Entity controls
  • Application vs. General Controls
  • Information Technology General Controls
  • Application controls
  • IT Baselining
  • Spreadsheet processes

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  • 1.1 Introduction
  • 00:06:19
  • 1.2 Agenda
  • 00:02:12

  • 2.1 IT and SOX
  • 00:05:15
  • 2.2 Sarbanes-Oxley Sequence
  • 00:01:13

  • 3.1 IT SOX Controls
  • 00:04:01
  • 3.2 IT Control framework
  • 00:00:31
  • 3.3 COBIT
  • 00:02:05

  • 4.1 Approach
  • 00:01:57
  • 4.2 IT Approach
  • 00:02:22
  • 4.3 IT Risk factors
  • 00:02:27

  • 5.1 IT Entity Controls
  • 00:12:32
  • 5.2 Application vs General Controls
  • 00:06:21

  • 6.1 IT General Controls
  • 00:04:17
  • 6.2 ITGC Specific to FR
  • 00:00:57

  • 7.1 Security Administration
  • 00:03:57
  • 7.2 Change Management
  • 00:02:56

  • 8.1 Backup & Recovery
  • 00:03:07
  • 8.2 SDLC Controls
  • 00:01:55
  • 8.3 FS Assertions and Controls
  • 00:02:31
  • 8.4 IT SOD
  • 00:02:06

  • 9.1 What is an application controls and their categories
  • 00:05:05
  • 9.2 Classification
  • 00:02:52
  • 9.3 Edit vs. Validation
  • 00:00:50

  • 10.1 IT Baselining
  • 00:04:50
  • 10.2 Updating baselining
  • 00:05:03

  • 11.1 Spreadsheets
  • 00:03:55
  • 11.2 Spreadsheets Controls
  • 00:02:27

  • 12.1 Summary
  • 00:02:39
  • 12.2 Ending Speech
  • 00:00:11

Learning Objectives

  • To identify controls to evaluate as it relates to information technology (IT) and SOX
  • To explore the IT control framework and recognize how to approach towards IT evaluation
  • To explore IT entity controls
  • To differentiate application controls (AC) vs general controls (GC)
  • To identify information technology general controls (ITGC) that are specific to financial reporting

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, Compliance professionals involved in forming and assessing internal controls. 

Who Should Attend?

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

Course Qualification

Webinar Qualifies For

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

Additional details

  • Course Level :
  • Credits :
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
  • Advance Preparation :


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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

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.


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