SOX 404 Compliance: A One-Day Overview Self-Study Webinar (10 Hours)


This self-study webinar is a comprehensive guide to the SOX 404 process. An expert shows you the “ins and outs” of 404 compliance, providing the practical knowledge to get you up to speed. You’ll learn to:

  • Successfully comply with 404 internal control reporting requirements
  • Calculate materiality for the size and complexity of your company
  • Relate AS2201 to management’s work
  • Implement the documentation methods right for you
  • Identify, evaluate and communicate deficiencies

To provide accountants and other financial professionals with the practical knowledge to successfully implement the 404 process. You’ll learn how to set up your compliance project and manage it from start to finish. You’ll take advantage of lessons learned and be able to meet your reporting requirements.

  • Sarbanes-Oxley requirements—an overview
  • Guidance for smaller public companies
  • Scoping and managing your project
  • Risk assessment models and dealing with materiality
  • Documentation requirements, including SAS 70
  • Taking advantage of PCAOB AS2201
  • Applying the latest SEC guidance
  • Determining a top-down approach
  • Understanding entity-level controls
  • Identifying key controls—process vs. control
  • Control objectives and focal points
  • Internal control testing: timing, requirements, failures
  • Significant deficiencies and material weaknesses
  • Financial statement assertions and assertions by management
  • Roles of internal and external auditors
  • Role of the Audit Committee and management responsibility
  • Attestation by external auditors
  • COSO demystified

Identify the significance of the Sarbanes-Oxley Act of 2002 when it was passed in 2002

Identify those section(s) of the Sarbanes-Oxley Act addressing the issue of internal control over financial reporting (ICFR)

Identify the historical intent of Section 404 relative to smaller public companies

Recognize the scope of Section 404 of Sarbanes-Oxley

Recognize the first year effect of Section 404 on audit fees

Identify the first year reporting issues and results under Section 404

Recognize the early guidance regarding the appropriate form and level of controls for each organization

Identify the early opinions of authoritative bodies regarding the results of the first year of internal control audits

Recognize the degree to which internal control over financial reporting is meant to provide assurance of achieving an entity’s control objectives

Recognize the results of the study of Section 404(b) for smaller issuers mandated by the Dodd-Frank Act

Recognize the early guidance given in regards to the interplay between the audit of internal control and the audit of the financial statements

Identify the early PCAOB criticism of the SOX 404 audits of internal control

Recognize early stakeholder’s criticisms of AS No. 2

Recognize key elements of AS 5

Identify the characteristics of CAMs

Recognize the scope of required CAM communications

Identify the primary purpose and objectives of the COSO framework

Identify the role of an entity’s control environment

Identify the recommended role of an entity’s audit committee in the context of the control environment

Recognize characteristics of an inadequate control environment

Identify those factors that should be monitored when assessing the risk of fraud

Recognize the party primarily responsible for an entity’s risk assessment

Identify the goal of risk management

Identify the role of IT in controlling risk

Identify the methodology for identifying significant locations

Recognize the various categories of deficiencies in internal control over financial reporting

Recognize the role of documentation in the assessment of internal control over financial reporting

Identify the necessary characteristics of a service organization’s control environment

Identify the degree to which compliance with Section 404 should be ongoing

Identify the degree to which outside consultants in Section 404 compliance may be needed 

Recognize the role of controls in the prevention or detection of fraud


Basic knowledge of auditing and financial accounting.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: