View Cart

             Course   Search


Email Address


Forgot Password? Click Here
Courses by Number of Hours   
Courses by Field of Study
Courses by Authors
Video Courses - Only
QAS Courses - Only
EA Courses - Only
RTRP Courses - Only
Pilot Courses - FREE
FREE CPE Courses
Course and Site Instruction
Business Services
Boards and Associations
Not For Profit Organizations
CPA Continuing Education
CPE for CPAs
CPE Courses
CPE Ethics
CPE Online
CPE Requirements
CPE Accounting
  Home > Course Details

Course Details - Go to Course Contents

   Updated ! ! !   QAS   Registry
Title :

Spreadsheet Controls Under Sarbanes-Oxley Section 404

Author :

Joseph P Helstrom, CPA

Status :


CPE Credits :


IRS Credits :


Price :


Passing Score :


Primary Subject-Field Of Study :

Computer Science - Accounting and Auditing

Description :

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 Auditing Standard No. 5 as well as what specific compensating spreadsheet controls are supported by Excel 2007 and Excel 2010. This course has been written for 2007. Steps that differ in Excel 2010 have been noted in gray shadow boxes.

Usage Rank :


Release :


Version :


Prerequisites :

Excel 2007/ Excel 2010 is needed.

Experience Level :


Additional Contents :

Complete, no additional material needed

Advance Preparation :

Should have familiarity with formulas and functions

Delivery Method :


Intended Participants :

Anyone needing Continuing Professional Education (CPE)

Approved Audience :

NASBA QAS - NASBA Registry -  - 

Revision Date :


NASBA Course Declaration :

Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.

Comments :

CPE, online, self-study, self study, CPA, CPAs, continuing professional education, continuing education, accounting, spreadsheets, sox, sarbanes oxley, internal controls

Learning Objectives :

Course Learning Objectives

The objectives of this course are:
    • To recognize fundamental aspects of Section 404 of the Sarbanes-Oxley Act and Public Accounting Oversight Board Auditing Standard No. 5
    • To describe the process for evaluating spreadsheets under the rules of Section 404 and Auditing Standard No. 5
    • To describe specific compensating spreadsheet controls supported by Microsoft Excel

Course Contents - Go to Details

Chapter 1 - Spreadsheet Controls under Sarbanes-Oxley Section 404

Course Learning Objectives

Sarbanes Oxley

Public Company Accounting Oversight Board

PCAOB Standard No. 5


Auditing Standard No. 5 Approach

Identifying Entity-Level Controls

Identifying Significant Accounts and Disclosures and Their Relevant Assertions

Understanding Likely Sources of Misstatement

Selecting Controls to Test

Specific Procedures Related to Spreadsheets to Comply with Section 404 and PCAOB Auditing Standard No. 5

Inventory all spreadsheets

Determine how current spreadsheets are being used

Determine the risk factors of the spreadsheet

Evaluate compensating controls for risk factors

Documentation of procedures


Controls that Excel supports

Access to the spreadsheet is limited to authorized users  – Passwords

Controls to validate user input  – data validation

Review Questions 

Spreadsheets protected against unauthorized changes – Cell protection

Spreadsheets protected against unauthorized changes –Workbook Protection

Spreadsheet Documentation is Adequate – Comments

A Logic inspection by an independent party is performed – Formula Auditing

Highlighting all cells containing formulas

Trace Precedent and Dependent Cells

Error Checking

Watch Window

Logic Inspection – Inspect Document

Controls not supported by Excel


Review Questions:  



Back To Top

Cart is empty
Subtotal: $0.00 will donate 1% of ALL purchases. See our donations.

Coupons and Specials

Payments secure through

Merchant Services by
iTransact Merchant Services

Save 10-25% or more on fees

Or we will assure you that you already have an exceptional rate


Hostgator 1 Cent Offer


Showcase Courses

IFRS in the U.S.A.: An Implementation Guide
Payment Processing Considerations to Comply with IRS and PCI-DSS Regulations & Policies (Video)
California’s Regulatory Review for CPAs
Texas Ethics: An Overview for CPAs (TSBoA Approved)
Spreadsheet Controls Under Sarbanes-Oxley Section 404
Fraud Audit Techniques Using Excel
The Ultimate Guide to Retirement Planning from a Tax Perspective
All Courses




Click to verify BBB accreditation and to see a BBB report. Trusted Commerce

CPE for Thursday, October 8th, 2015
Copyright© 2002-2015
Home | Privacy | Refunds | Login | System Requirements | FAQs | Contact Us | Facebook | Facebook
27854 Yule Circle Evergreen, Colorado 80439
Phone: ☎ (888) 273-0273

McAfee Secure sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams