Spreadsheet Controls Under Sarbanes-Oxley Section 404

CourseDescription:
Spreadsheets have become pervasive in most companies and have many uses.Those that are used in the financial reporting process are of most concern to the assessment of the effectiveness of internal controls over financial reporting mandated by Sarbanes-Oxley. This course discusses how to evaluate spreadsheets under the rules of Section 404 and AS 2201as well as what specific compensating spreadsheet controls are supported by Excel 2007, Excel 2010, Excel 2013and Excel 2016.This course has been writtenfor Excel 2007.  Steps that differ in Excel 2010, 2013and 2016have been noted in gray shadow boxes for the few instances where there is a difference.

Learning Objectives:
The objectives of this course are:
Recognize fundamental aspects ofSection 404 of the Sarbanes-OxleyAct and Public Accounting Oversight Board AS 2201
Recognizethe process for evaluating spreadsheets under the rules of Section 404 and AS 2201
Identifyspecific compensating spreadsheet controls supported by Microsoft Excel

NASBA Category:Audit (1 Hour)/ Computer Science (1 Hour)
Level:Basic/Overview(See Prerequisites)
Prerequisites: Excel 2007/ Excel 2010/ Excel 2013/ Excel 2016 is needed.

Revision Date:  4/8/2017

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
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