Sarbanes-Oxley (SOX): Top Down Risk Assessment Part 2
- 4
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Brief Introduction
This course focuses on the methodology steps reviewed in Segment One of developing a top-down risk assessment.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 Auditing Standard 5 (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 course focuses on the methodology steps reviewed in Segment One of developing a top-down risk assessment. We delve further into understanding how to examine entity-level controls and their importance on determining account significance. We review the steps outlined in Segment One and apply those steps towards two separate scenarios. This allows the participant to think through the process and application and to examine how a scoring methodology may be beneficial within their individual process.
Requirements
- Requirements
- No advanced preparation or prerequisites are required for this course, but completion of the other courses in this series will be helpful.
Illumeo Learning
4 Raiting
Introduction to Sarbanes Oxley (SOX)
- 3.9
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This course is an overview of the proper processes, controls and tests for adequate internal control. If you would like Continuing Education Credit (e....
Sarbanes-Oxley (SOX) General and Applications Controls
- 4.3
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This course speaks directly to the importance of general controls (GC), application controls (AC) and spreadsheet. The world has changed, and IT is no longer simply a back office function....
Sarbanes-Oxley (SOX): Top Down Risk Assessment Part 1
- 4.1
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This course covers critical concepts of AS5 risk factors when identifying significant accounts and more. If you would like Continuing Education Credit (e....
Sarbanes-Oxley (SOX): Top Down Risk Assessment Part 2
- 4
-
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This course focuses on the methodology steps reviewed in Segment One of developing a top-down risk assessment....
