Sarbanes-Oxley (SOX) Testing

🎓 Course Title: Sarbanes-Oxley (SOX) Testing
📚 Course Headline: Dive Deep into Effective SOX Testing Strategies!

Understanding the Foundation of SOX Compliance: Before we delve into the nitty-gritty of Sarbanes-Oxley (SOX) testing, it's crucial to understand the legislative landscape and the entities responsible for its enforcement. This course begins by providing an comprehensive overview of the Sarbanes-Oxley Act, introducing you to key authoritative bodies such as the Public Company Accounting Oversight Board (PCAOB) and the Securities and Exchange Commission (SEC). We explore the evolution of SOX standards and how they align with the broader internal control framework outlined by the Committee of Sponsoring Organizations (COSO) 2013.

Mastering SOX Sections: Our journey through SOX testing involves a deep dive into the intricacies of each section, including:

• Section 404: Understanding and implementing internal controls over financial reporting (ICFR).
• Section 302: Assessing the role of management in evaluating and disclosing the effectiveness of ICFR.
• Section 806: Examining the prohibitions against manipulating financial numbers or audits.
• Section 902: Dealing with auditor independence, qualifications, and responsibilities.
• Section 906: Criminal penalties for altering documents, false certifications, and securities fraud.

Risk Assessment and Control Evaluation: We'll guide you through the process of conducting a top-down risk assessment (RA) to identify and evaluate entity-level controls and soft controls that impact financial reporting. This ensures a solid foundation for your SOX testing strategy.

The Art of SOX Testing: At the core of this course lies the validation of control operations through tests of controls. You'll learn various testing methodologies and understand how to apply them effectively based on the nature of the control you're examining. Whether it's substantive procedures, compliance audits, or a combination of both, we'll help you navigate the complexities of SOX testing.

Continuing Education Opportunity: Elevate your professional expertise with Continuing Education Credits (CPE)! This course is designed to provide valuable CPE credits for over two dozen different professional certifications, including finance, accounting, treasury, internal audit, HR, and more. To claim your CPE credit, ensure you take this course on the Illumeo platform, which is an approved CPE provider by the relevant governing bodies.

🔍 Key Takeaways:

• A comprehensive understanding of SOX legislation and its implications.
• Insight into the role of PCAOB and SEC in SOX enforcement.
• A thorough grasp of SOX sections 404, 302, 806, 902, and 906.
• Mastery of risk assessment processes and control evaluation techniques.
• Expertise in executing effective tests of controls to validate operations.
• The opportunity to earn CPE credits for your professional development.

Join us on the Illumeo platform to transform your knowledge of Sarbanes-Oxley compliance into actionable testing strategies that meet regulatory standards and enhance your organization's financial integrity. Enroll in this course today and step into a world where SOX compliance is not just a requirement but a strategic advantage! 🌟