The Evolution of Sarbanes-Oxley (SOX) Auditing Standards
Field: Auditing | Delivery Method: Self Study | CPE Hours: 1.5
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Generally Accepted Auditing Standards (GAAS) are Standards against which the quality of audits is performed and judged. In the U.S., Standards are promulgated by the Auditing Standards Board (ASB), a division of the American Institute of Certified Public Accountants (AICPA). Since SOX passage, PCAOB has developed standards for publicly traded companies. Sections 103(a)(2)(A) and 404(b) of the SOX Act directed the Board to establish: Professional standards governing the independent auditor's attestation and reporting on management's assessment of the effectiveness of ICFR.
- Background and purpose of auditing standards
- Auditing Standard 2 (AS2)
- Management assessment process
- Top down approach
- Fraud
- Terms
- Entity level controls and walkthroughs
- Auditing Standard 5 (AS5)
- Key changes
- Top down approach
- Entity controls
- Significant Accountants
- Definitions
- Bottom Line
- Next Phase – COSO 2013
Field: Auditing
CPE: 1.5
Delivery Method: Self-Study
Format: Video
Your Instructor
Consultant, CPA, CGMA, CRMA, MBA, Past Chief Audit Executive
Business Consultant, Trainer, Author
Ms. Fountain has over 40 years of experience spanning public accounting, industry accounting and consulting. Sixteen years of that experience has been in the field of internal audit, risk managment and process improvement. She is well adept to assist your organization evaluate business strategy, perform risk assessments, establish a Sarbanes-Oxley process, synergizing internal audit processes or perform process improvement projects.
As a past corporate executive Lynn has a passion for working with professionals to enhance their processes and provide leading edge education. She has authored and delivered hundreds of training courses for accounting, finance and audit professionals. Her training is filled with not just theory but real world application.
Ms. Fountain has authored three technical publications:
-Leading the Internal Audit Function
-Raise the Red Flag
-Ethics and the Internal Auditor's political dilemma
Lynn is a recognized leader in the internal audit profession as well as a recognized business professional.
Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has active, current CPA, CGMA, and CRMA credentials.