Sarbanes Oxley - Online

The series of corporate financial scandals that took place in the United States has led to the framing of new legislation called Sarbanes-Oxley Act that strengthens corporate governance and restores investor confidence and eliminates corporate corruption and fraud.

The law was intended to bolster public confidence in the nation's capital markets and imposes new duties and significant penalties for non compliance on public companies and their executives, directors, auditors, attorneys and securities analysts.

This is an online self study course that can be globally accessed 24/7 from any internet enabled computer.

Available TodayOnlineUSD$200
Instructional Method:
Self-Study
Level: Basic
CPE Credits: 24

Every professional involved in the global financial services industry
Students will be able to:
  • Identify Accountability standards for Corporate Boards, Audit Committees and for External Auditors
  • Describe Criminal penalties prescribed for misconduct by the Corporate Officials and violations of the Securities Exchange Act of 1934
  • Explain Establishment of Public Company Accounting Oversight Board under the Securities and Exchange Commission to oversee public accounting firms and issue accounting standards
  • Understand Certification of financial reports by Chief Executive Officers and Chief Financial Officers
  • Understand Requirements that publicly traded companies furnish independent annual audit reports on the existence and condition of internal controls as they relate to financial reporting
  • Describe Enhanced financial disclosures
  • Summarize Requirements for stringent internal controls both for general governance as well as Information Technology (IT) systems
Familiarity with Accounting Concepts and Finance Concepts
Overview of Sarbanes-Oxley Act
  • Overview of Sarbanes Oxley Act
  • Impact of SOX on Information Technology

Public Company Accounting Oversight Board

  • Procedures, Functions and Operations of Public Company Accounting Oversight Board
  • Securities and Exchange Commission’s oversight and enforcement authority over the Board

Auditor Independence

  • Auditor Independence under Sarbanes Oxley
  • The rules related to the non-audit services

Corporate Responsibility

  • Liability of the executive officers of the company in certifying accurateness of financial statements
  • Influence of Sarbanes Oxley Act (SOX) on the Information Technology

Enhanced Financial Disclosures

  • The enhanced financial disclosures according to Sarbanes Oxley (SOX) Act
  • The responsibilities of senior management and independent auditors in ensuring the accuracy and reliability of financial reporting and the effectiveness of internal controls adopted by organizations

Analyst Conflicts of Interest

  • Regulations relating to Research Reports
  • Disclosures in Research Reports

Commission Resources and Authority

  • Utilization of funds by the Commission
  • Prohibition of Penny Stock

Studies and Reports

  • Accounting firms
  • Credit Rating agencies
  • Roles of investment banks and financial advisors

Corporate and Criminal Fraud Accountability

  • Penalties for Corporate and Criminal Frauds

White Collar Crime Penalty Enhancements

  • Penalties for offenses such as mail and wire fraud
  • Corporate Responsibility for financial reports

Corporate Tax Returns

  • Signing of Corporate Tax Returns
  • Certification of Financial Reports
  • Devising and Assessing Internal Control Procedures

Corporate Fraud and Accountability

  • Liabilities for non-certification of financial reports
  • Penalties for tampering records

JOB AIDS

  • Legislations
  • Case Studies

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