Internal Audit Best Practices

Best Practices for Internal Auditors/Part II: IC and SOX Testing

Course Overview
This course provides an overview of the regulatory environment that drives the testing of internal control over financial reporting to help internal auditors understand the intricacies of internal controls testing. The course also includes a discussion of the various elements in an effective internal controls testing program, the components of internal control, as well as the phases involved in a typical risk-based control testing program. The course concludes with overview actions that entities can take to strengthen internal controls.

Learning Objectives:

After completing this course, the course participant should be able to:

  • Differentiate between the various organizations involved in the SOX compliance landscape
  • Identify various elements of an effective internal controls testing program
  • Differentiate between the five components of internal control
  • Recognize the different types of internal controls
  • List the phases included within a typical risk-based controls testing program
  • Identify the steps involved in the SOX testing process and differentiate between the various testing methods
  • Recognize actions that can be used to strengthen internal control

  • Speaker / Author:

    Anthony S. Chan is president of CA Global Consulting Inc. He is a seasoned CPA, former audit partner, CFO and finance executive with over 25 years of professional experience in auditing and SEC reporting, mergers and acquisitions, business turnaround, internal controls and risk management, FCPA and SOX compliance, financial and operational due diligence as well as CFO advisory. He is Audit Committee Chair & Board of Director of the New York State Society of CPAs. Mr. Chan holds an MBA degree in Finance and Investments from Baruch College of the City University of New York and a B.A. degree with dual majors in Accounting and Economics from Queens College of the City University of New York.


    Price (USD)

    Standard: $49.90


    Course Code : 99CHA04

    Release Date : 08/01/2016
    Expire Date : 12/31/2022
    Credits :
    CPE 2.00
    QAS 2.00

    Length : 1hr 40min
    Course Level : Basic
    Course Type : Self-Study
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Auditing

    Theme : Internal Audit Best Practices

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