Sarbanes-Oxley update - Accounting Risk Assessment considerations

Field: Auditing | Delivery Method: Self Study | CPE Hours: 2.0

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It’s been 20 years and counting since the Sarbanes-Oxley legislation was passed. In theory the legislative requirements outlined are still in place. Although the requirements haven’t changed, time has changed and as a result, execution of the processes has most likely changed.


On the platform are a series of courses that outline the full scope of the Sarbanes-Oxley Act and the various SOX sections. Twenty-years later the information in these courses remains relevant. However, it would be amiss to not recognize that the passage of time has changed our world. Think of various events such as economic change, technological evolution, the pandemic etc. These are just a few of the changes that may have impacted the manner in which we execute some of the processes outlined in the SOX legislation.

This is the first in a series of courses that will evaluate how various aspects of the SOX 404 process may be impacted by the passage of time and the evolution of risks. We will address some questions that corporate personnel and auditors might want to consider when executing their annual compliance process.

This course, we will focus on the accounting risk assessment and considerations that may have changed since the original legislation was passed.

Lesson Objectives
  • Review concepts of SOX process.
  • Review Accounting Risk Assessment factors per AS5.
  • Consider changes required to Accounting Risk Assessment and considerations of SAS 145.
  • Consider impact of evolving issues
    • The impact of technology
    • Impact of critical audit matters
    • Third-party providers
    • The impact of COVID
    • The impact of ESG
  • Review a six-step process to executing an accounting risk assessment.


Field: Auditing
CPE: 2.0
Delivery Method: Self Study
Format: Video


Your Instructor


Lynn Fountain
Lynn Fountain

Consultant, CPA, CGMA, CRMA, MBA, Past Chief Audit Executive

Business Consultant, Trainer, Author


Ms. Fountain has over 40 years of experience spanning public accounting, industry accounting and consulting. Sixteen years of that experience has been in the field of internal audit, risk managment and process improvement. She is well adept to assist your organization evaluate business strategy, perform risk assessments, establish a Sarbanes-Oxley process, synergizing internal audit processes or perform process improvement projects.


As a past corporate executive Lynn has a passion for working with professionals to enhance their processes and provide leading edge education. She has authored and delivered hundreds of training courses for accounting, finance and audit professionals. Her training is filled with not just theory but real world application.


Ms. Fountain has authored three technical publications:

-Leading the Internal Audit Function 

-Raise the Red Flag

-Ethics and the Internal Auditor's political dilemma


Lynn is a recognized leader in the internal audit profession as well as a recognized business professional.  


Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has active, current CPA, CGMA, and CRMA credentials.


https://www.lynnfountain.net/


Course Curriculum


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