Welcome to the top 10 cyber security issues and SOX. A lot of our clients ask how cyber security interacts with SOX. As you know SOX is about financial reporting and the disclosures and controls around financial reporting and how they impact financial reporting. Cyber security is relevant to SOX to the extent that the losses impact your financial …
Today, we cover the Top 10 SOX trends in 2016. We want to share what we see working with multiple clients and various Big 6 auditors. At the end of each year, our team gets together […]
Auditing Standards No. 5 has over 100 pages, which makes for very heavy reading. I’m going to make it easy for the beginner to understand. I do that by highlighting certain paragraphs, words and concepts. We are at the end of the series and we’re going to group six sections together to create what I call the “wrap-up for…
Welcome to part 10 of SOX 404: Auditing Standard 5 (AS5). AS 5 have over 100 pages so I’m going to make it easier to understand by talking through keywords and key concepts. In this session, we cover: Special Considerations for […]
Welcome to part 9 of Auditing Standard 5.This training series gives context to SOX 404 requirements. In part 8, we talked about selecting controls to test, testing the design of controls and testing if the controls operate […]
Welcome to Part 8 of Auditing Standard No. 5. This segment focuses on the following: Selecting Controls to Test; Testing Design Effectiveness; and Testing Operating Effectiveness. This training gives context to SOX 404 requirements. This is meant to be easy to understand, especially for those with first time exposure to…
Welcome to part 7 of Auditing Standard Number 5. This segment is Understanding Likely Sources of Misstatement. Because AS5 has over a hundred pages of heavy reading, I made it easier by breaking it down to smaller parts, giving you the cliff notes version to […]
Welcome to part 6 of Auditing Standard 5. This section is Identifying Significant Accounts and Disclosures and because AS5 has over a hundred pages of heavy reading, I want to make it easy to understand. So I am providing the cliff notes to…
In this blog, you will learn more about identifying entity-level controls or ELCs as part of Auditing Standards No. 5. We discussed entity-level controls in part 4, but we’ll talk about it here in more detail. So if you want to learn more about SOX 404 requirements, then read on.
Want a refresher on SOX Section 404 requirements without reading the entire Auditing Standard 5? Need a summary to AS5? This is part 4 of a series to de-mystify SOX 404. It covers the Using a Top-Down Approach which mentions: financial statement level …