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myCPE

Sarbanes-Oxley (SOX) 20 Years Later - Evaluating Fraud Risk 2.5 Credits

Dec 20, 2024, 03:00 PM ET

Sarbanes-Oxley (SOX) 20 Years Later - Evaluating Fraud Risk 2.5 Credits

  • Rating

    4.5
  • Reviewed on

    February, 2024
  • Subject Area

    Auditing

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  • Access the course at your convenience
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  • Answer the polling questions
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Dec 20, 2024, 03:00 PM ET

Learning Objective

  • To revisit the various fraud sections.
  • To review the concept of fraud evaluations.
  • To examine current survey statistics on SOX efforts.
  • To explain the efforts of the Anti-Fraud Collaboration effort started in 2010.
  • To evaluate concepts identified in the AFC survey to enhance your fraud efforts.

Course Overview

In the wake of the Sarbanes-Oxley Act (SOX), which was introduced two decades ago, the landscape of corporate governance and financial accountability has evolved significantly. At the time of its enactment, SOX was a response to the rising concerns among legislators and investors regarding the rampant corporate fraud cases that had shaken public trust in financial markets.

SOX encompassed various sections aimed at addressing these concerns. Title V, focusing on Analyst Conflicts of Interest, aimed to enhance transparency and reduce conflicts of interest among financial analysts. Title VIII, known as Corporate and Criminal Fraud Accountability, sought to hold corporations accountable for fraudulent activities and reinforced penalties for white-collar crimes through Title IX.

Now, two decades later, the business world has transformed, and so has the nature of fraud. In today's digitally driven environment, fraudsters have devised increasingly sophisticated methods to perpetrate their schemes. To safeguard their integrity, financial information, and the interests of shareholders, companies must remain vigilant. This CPE course offers a comprehensive exploration of the evolving concept of fraud, providing insights and strategies to combat it effectively in a modern business landscape. 

Key Topics Covered in this CPE Auditing Webinar:

  • Understand the efforts of the Anti-Fraud Collaboration effort started in 2010.
  • Evaluate concepts identified in the AFC survey to enhance your fraud efforts.
  • Identify important concepts for detecting fraud in the future.
  • Examine the importance of skepticism, and review perspectives of financial reporting fraud and SEC investigations.
  • Examine fraud focus in the new environment, and Identify new methods to vet out fraud in the future.
  • Examine machine learning and artificial intelligence.

Join this CPE Webinar it will provide a look at the concept of fraud – 20 years after the Sarbanes-Oxley legislation was passed.

Looking to fulfill your Certified Fraud Examiner (CFE) CPE requirements? MY-CPE offers online CFE CPE Courses designed to help you earn valuable CPE credits while enhancing your skills and expertise in fraud examination and prevention. Our courses cover a wide range of topics relevant to the field of forensic accounting and fraud detection, ensuring you stay up-to-date with the latest trends and best practices. With flexible scheduling and expert-led content, MY-CPE provides a convenient and effective learning experience tailored to your needs. Join us today and take the next step in advancing your career as a Certified Fraud Examiner. 

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

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Additional Information

Credits

2.5

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Advance Your Career with Lynn Fountain's CE/CPE/CPD Webinars
Lynn Fountain , CRMA

Owner, Lynn Fountain Consulting and Training

  • 4.5
  • rating
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Lynn Fountain has over 39 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance.  Lynn has held two Chief Audit Executive (CAE) positions for international companies.   In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees.  The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.

Ms. Fountain is currently engaged in her own consulting and training practice.  She has successfully executed on several consulting assignments spanning areas of accounting, risk, ERM and internal audit.  She is a highly sought-after trainer and international speaker and has produced hundreds of courses delivered through seminars, conferences and on-demand training.  She is the author of three separate technical books.  

  • Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations”.
  • Leading the Internal Audit Function
  • Ethics and the Internal Auditor’s Dilemma

Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials. 


On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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Owen Mccafferty
Owen Mccafferty, CPA (US)

Lynn did a wonderful job of keeping the audience engaged in an area that I was not too hopeful. She really knows the nuance of compliance with SEC regulations and the resulting penalties, fines, and terms of incarnation for serious offenses. It really makes you pause before accepting a CFO/CEO position. The polls were a joy. They were timely and responsive after answering them.

Owen Mccafferty
Owen Mccafferty, CPA (US)

Lynn did a wonderful job of keeping the audience engaged in an area that I was not too hopeful. She really knows the nuance of compliance with SEC regulations and the resulting penalties, fines, and terms of incarnation for serious offenses. It really makes you pause before accepting a CFO/CEO position. The polls were a joy. They were timely and responsive after answering them.

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    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

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    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

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    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

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    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

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    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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