SOX Overview

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Course Description
Course Qualification
Presenter
FAQ

Course Description

It's been more than 20 years since the Committee of Sponsoring Organizations of the Tread way Commission (COSO) released its Internal Control—Integrated Framework (the original framework). The original framework is widely accepted as a leading framework for designing, implementing, and conducting internal control and assessing the effectiveness of internal control. Since then, technology has drastically changed the business operating environment and the associated risks.

In May 2013, the COSO foundation released an update to the framework. The framework was updated due to global economic changes, enhanced information technology and increased shareholder expectations. Professionals must obtain a basic understanding of the concepts, principles and potential impact, including changes from the 1992 framework and the key COSO components and 17 principles.

This course provides an overview of the important concepts of COSO 2013. You'll learn about the important changes in the COSO framework and explore opportunities for management to place a renewed focus on internal control and enhance and solidify their Sarbanes-Oxley attestation. You will able to discover importance of internal control in today’s business and reason for COSO update and its important key changes. Various keys to the Risk Assessment will be explained to you in this 1 CPE webinar of COSO overview.

Major topics covered in this online CPE webinar:

Definition And Benefits Of IC
Icc Basic Tenets
COSO 2013 Benefits And Challenges
1992 Framework And Its Key Concepts
COSO Update And Key Changes
Keys To COSO 17 Principles
Control Environment
Risk Assessment
Control Activities
Information And Communication
Monitoring

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Modules

1.1 SOX 404 and COSO
00:02:01

1.2 COSO Components
00:07:21

2.1 Summary
00:02:09

2.2 Ending Speech
00:00:19

3.1 Introduction of SOX legislation
00:10:16

4.1 Sarbanes-Oxley Act of 2002
00:13:02

4.2 Initial Challenges
00:03:19

4.3 SOX Jeopardy - Key Terms
00:01:29

4.4 Legislative roll out
00:17:44

4.5 Sequence of Events
00:08:04

4.6 Where’s Waldo - COSO 1992 vs COSO 2013
00:03:09

Learning Objectives

To explain definition of internal controls
To summarize COSO 2013 benefits and challenges
To determine important keys to COSO 17 principles
To review 1992 framework and its key concepts
To discuss COSO update and its key changes
To learn principles relating to Control Environment

Recommended For

This online CPE webinar for CPAs is recommended for internal as well as external auditors interested in COSO Overview learning.

Who Should Attend?

Accountant
Accounting Firm
Accounting Managers
Auditors
Certified Management Accountant (CMA)
Chartered Professional 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

Course Qualification

Webinar Qualifies For

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

Additional details

Course Level :

Basic
Credits :

1
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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