The Sarbanes-Oxley Act of 2002 requires the documentation of transaction flows and processes affecting key financial reporting elements. This course focuses on the different approaches to documenting these processes and controls.
Program Registration:
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Learning Objectives:
Upon completion of this course, the learner will be able to:
- Describe Section 404 documentation requirements
- Identify types of process maps
- Write procedural and process narratives
- Construct a Risk and Control Matrix
Estimated Course Duration: 1 hour (1 CPE)
Delivery Method: Online Self-Study
Field of Study: Auditing
Program Level: Intermediate
Advance Preparation/Prerequisites: None
Program Content:
Documentation Requirements
- PCAOB Auditing Standard No. 2
What is Process Mapping
- What are they?
- Benefits of process maps
- Types of transaction flows
How are processes and transaction flows documented?
- Top-down flowchart (level 1)
- Process flowchart (level 2)
- Process interfunctional chart (level 3)
- Process mapping symbols
- Tools for creating process maps
Process Narratives
- What are they?
- How are they created?
Risk and Control Matrix
- What is it?
- What elements are included?
- How are they created?
Download PDF Course Description:
(1 page, 62 KB)
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5. The training module will launch automatically. NOTE: Most training modules are narrated. To view speaker notes during the presentation, click the Notes tab.
In order to earn CPE credit, you must complete the training module within one year of enrollment and score 70% or above on the Final Exam.
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