This paper reports on a preliminary investigation of a new interactive SOX 404 internal control evaluation simulation that was created to provide an alternative way of acquiring experiential learning that students could find to be realistic, interesting, and useful. The online multimedia simulation was developed as a supplement to traditional textbook-oriented courses and includes representative tasks for planning, evaluating entity-level control, evaluating activity-level control, and reporting. The study contributes to our understanding of instructional technology and the need for additional realistic experiential learning experiences called for by the profession (Albrecht, W. S & Sack, R J, 2000). A total of fifty-seven students tested the simulation; ten in a graduate auditing course, fourteen in an undergraduate auditing course, and thirty-three in two accounting systems courses. One week after the simulation exercises were concluded, the students completed a questionnaire to assess their perceptions of the simulation for realism, interest, and utility in learning. The results of the study indicate that the students found the simulation to be both interesting and realistic and that it helped them improve their understanding and appreciation of internal control evaluation, interviewing skills, and higher- order thinking. The results also suggest that interactive simulation may be used in additional to or as an alternative to field study or internships.