Sarbanes Oxley (SOX) Entity Level and Soft Controls

This course covers methods and alternatives to measuring and assessing ELCs and soft controls.

Ratings: 4.42 / 5.00




Description

Entity level controls (ELCs) are often difficult to identify and even more difficult to assess.  Soft controls are similar to entity level controls. They do not lend themselves to normal validation processes.  Assessors must often utilize interviews, questionnaires and observations or other unique methods.

Other courses have looked at top-down risk assessment (RA) and discussed ELCs and some methods for assessment. This course delves further into understanding approaches to assessing the design and operating effectiveness of ELCs and soft controls.  We cover methods and alternatives to measuring and assessing ELCs and soft controls.

This course is brought to you by Illumeo. Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job. Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination. Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

What You Will Learn!

  • Explore Hard vs. Soft entity level controls (ELCs).
  • Recognize challenges of evaluating soft controls.
  • Explore Methods for assessing soft controls and determining effectiveness:
  • - Committee of Sponsoring Organizations (COSO).
  • - Maturity Model.
  • - Cause and effect analysis.
  • - Questionnaires and surveys.
  • Discover how to link soft controls to COSO principles and financial statement assertions.

Who Should Attend!

  • Anyone interested in Accounting, Finance and related fields.