Sarbanes-Oxley Act and Corporate Governance (SOX Act) (6 hrs)

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Course Description

SOX Act and Corporate Governance – 6 hrs. CPE

A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Since the turn of the century, the U.S. has seen some large corporate collapses and scandals due to shoddy and deceptive accounting practices. Many companies, shareholders and employees suffered as stock prices fell and reputations were tarnished when businesses such as Nokia, Lucent Technologies, energy, and internet-related businesses conducted questionable practices. This course examines developments in finance and accounting and a series of corporate accounting scandals on the heels of the Enron debacle that have led to current sweeping accounting guidelines, proposals, and legislation—most notably, the Sarbanes-Oxley (SOX Act). Many of the issues surrounding the SOX Act, especially Section 404, Internal Control over Financial Reporting and Sections 302 and 906, Management Certifications —are discussed. The general issues on corporate governance and corporate social responsibility (CSR), including stock option expensing, are also covered. The illegal practice of stock option backdating is described as well.

Course information

Price: $77

This course is included in our Mega CPE Subscription.

Course No. 7060
Format: Online pdf (126 pages).
Instructional Delivery Method: QAS Self-Study
Prerequisites: None
Advance Preparation:None
Level: Overview
CPE Credit: 6 Hrs.
Field of Study: Accounting
Course expiration:  You have one year from date of purchase to complete the course.
Course Revision Date: July 2020


Sarbanes-Oxley Act and Corporate Governance Course Objectives

After completing this course, participants should be able to:

1. Recognize the sources of accounting irregularities, including the Enron scandal and Special Purpose Entities (SPEs).
2. Identify the controversy with expensing stock options and specific issues addressed by ASC 718.
3. Recognize different rules and regulations put out by the FASB, NYSE, and the SEC.
4. Identify key elements of corporate governance.
5. Identify attributes of good governance, social responsibility and other ethical standards.
6. Recognize the major features of the Sarbanes-Oxley (SOX) Act of 2002 Corporate Responsibility Law.

Ratings and Reviews

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2 Ratings
What's your experience? We'd love to know!
Steven Kotalik
Posted 1 year ago
Good class


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Kurt Hyde
Posted 1 year ago
Poor exam questions

The exam questions were ridiculously worded and not always supported by the material. The material was written well.

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