<p>This course will be an overview of:</p> <ul> <li>The Committee of Sponsoring Organizations (COSO) of the Treadway Commission Study established internal control to be a process with five interrelated components. Learn how the far-reaching COSO principles enable compliance with the stringent requirements of the watershed Sarbanes-Oxley Act of 2002 .</li> <li>Review the Internal Control framework as developed in the COSO study.</li> <li>Understand how the COSO ICF enables compliance with the requirements of the Sarbanes-Oxley Act.</li> <li>Summarize the Act&#39;s effects on the components of an entity&#39;s internal control system. <ul> <li>Summarize the Act&#39;s effect on the control environment, including the audit committee&#39;s role and the rules governing public accounting firms;</li> <li>Discuss the Act&#39;s effect on risk assessment and how it is important to the management certification of the internal control system;</li> <li>Describe the Act&#39;s effect on control activities, focusing on the assessment, documentation, testing, and materiality of control activities; and</li> <li>Summarize the Act&#39;s effect on monitoring, information, and communication.</li> </ul> </li> </ul>