- NY Credits : 3.0
- TX Credits : 3.0
The Sarbanes-Oxley Act of 2002, specifically 404, requires all publicly traded companies to assess their internal control on an annual basis. This legislation was passed in response to a critical need to restore the investing public's trust in financial reporting and management of publicly traded companies after the financial scandals of Enron and other organizations. This intermediate level course is most appropriate for the professional with detailed knowledge in this subject or the professional seeking to expand his or her knowledge base and who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.
Upon successful completion of this course, the user should be able to:
identify the COSO Internal Control: Integrated Framework, its background, objectives, and components,
recognize the importance of using a risk-based approach to identify control activities,
identify the different methods of information communication in organizations and the various types of information that must be captured and distributed,
recognize the basic business models and the activities they illustrate, and
identify the three matrices of the Framework Evaluation Tools and explain how each matrix links financial statement accounts to risk factors, financial statement assertions, business processes, and IT applications.