SOX Archives - Page 3 of 4

#24 | Part 8 – Controls Testing, Design Effectiveness and Operating Effectiveness in Demystifying SOX 404 – Auditing Standard 5

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…

#23 | Part 7 – Understanding Likely Sources of Misstatement in Demystifying SOX 404 – Auditing Standard 5

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 […]

#22 | Part 6 – Identifying Significant Accounts and Disclosures in Demystifying SOX 404 – Auditing Standard 5

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…

#21 | Part 5 – Entity-level Controls in Demystifying SOX 404 – Auditing Standards 5

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.

#20 | Part 4 – Top-Down Approach in Demystifying SOX 404 – Auditing Standards 5

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 …

#19 | Part 3 – Work of Others and Materiality in Demystifying SOX 404 – Auditing Standards 5

Welcome to Part 3 of Auditing Standard Number 5. AS5 has over a 100 pages which is really daunting to read for most people. I am going to make it easy to understand by focusing on key phrases. In this session we cover, Using the Work …

#18 | Part 2 – Fraud Risk in Demystifying SOX 404 – Auditing Standards 5

Want the cliff notes to Auditing Standard 5 without reading it? What is the role of risk assessment? What’s “the story” behind addressing the risk of fraud? I will go over all of this in part 2 of a series to de-mystify SOX 404. It will cover the following sections from the…

#17 | Part 1 – Integrated Audit and Planning in Demystifying SOX 404 – Auditing Standards 5

This training blog is made for you to understand Auditing Standards No. 5 without having to go through over a hundred-page book lecture. This will give context to the SOX 404 requirements, so it’s recommended for those looking for a refresher or just new to SOX 404.

#10 | Part 3 SSAE – 16 How to Review and Map Controls for Equity Edge

Welcome to Part-3 of SSAE16 How to Review and Map Controls for Equity Edge. In this final part, we will focus on: What controls am I relying on? What do I do after I review the SSAE 16 report as evidenced of my review and documentation?

#9 | Part 2 of SSAE – 16 How to Review and Map Controls for Equity Edge

Welcome to Part 2 of SSAE16 – How to Review and Map Controls for Equity Edge. Many of our public clients used Equity Edge and part of SOX compliance; they have to review the SOC 1 reports to see if they can rely on the controls and what else they need to do to document them.