Explore the background of the Sarbanes-Oxley Act of 2002 (SOX) and recognize the purpose of auditing standards . Explore Auditing Standard 2 (AS2) and AS5 (AS5) Explore the Next Phase – The 2013 Committee of Sponsoring Organizations (COSO) Framework . The Public Company Accounting Oversight Board (PCAOB) has developed standards for publicly traded companies . In the U.S., Standards are promulgated by the Auditing Standards Board (ASB), a division of the American Institute of Certified Public Accountants (AICPA) The GAAS are Standards against which the quality of audits are performed and judged .

What you’ll learn in Sarbanes-Oxley (SOX) Auditing Requirements

  1. Discover the background of the Sarbanes-Oxley Act of 2002 (SOX) as well as recognize the objective of bookkeeping standards.
  2. Explore Bookkeeping Criterion 2 (AS2).
  3. Administration evaluation procedure, Top down approach.
  4. Fraud, Terms, Entity level controls and walkthroughs.
  5. Discover Auditing Standard 5 (AS5).
  6. Trick changes, Top down technique.
  7. Entity controls, Significant Accounting professionals, Meanings.
  8. Check Out the Next Phase – The 2013 Committee of Funding Organizations (COSO) Structure.

Description

Typically Accepted Bookkeeping Specifications (GAAS) are Standards versus which the quality of audits are executed and also evaluated. In the U.S., Specification are promoted by the Bookkeeping Criteria Board (ASB), a division of the American Institute of Qualified Public Accountants (AICPA). Since the passage of the Sarbanes-Oxley Act of 2002 (SOX), the Public Company Accounting Oversight Board (PCAOB) has actually established standards for publicly traded business. Sections 103(a)( 2 )(A) as well as 404(b) of the SOX Act guided the Board to establish Professional criteria regulating the independent auditor’s attestation as well as reporting on administration’s assessment of the performance of Internal Control Over Financial Reporting (ICFR).

Who this course is for:

  • Anyone interested in Accounting, Finance, Internal Auditing, or related fields.
File Name :Sarbanes-Oxley (SOX) Auditing Standards free download
Content Source:udemy
Genre / Category:Finance & Accounting
File Size :5.74 gb
Publisher :Illumeo Learning
Updated and Published:04 Apr,2022
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