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Does Anyone Care About SOX Anymore?

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Before starting this self study program, please go through the instructional document.

Overview

  • Yes: The people that count do care... a lot!
    7 mins
  • SOX asks 3 basic questions
    17 mins
  • Penalties
    30 mins
  • Revenue recognition issues
    47 mins
  • Registered public accounting firms
    56 mins
  • Signing officers responsibility for internal controls
    65 mins
  • When must you disclose
    76 mins
  • White-collar crime penalties
    85 mins
  • Compliance principles
    93 mins
  • Final note: IT department is a high priority
    96 mins

Course Description

The Sarbanes-Oxley Act of 2002, popularly known as SOX or Sarbox, is a U.S. law meant to protect investors from fraudulent accounting activities by corporations. Sarbanes-Oxley Act was enacted after several major accounting scandals in the early 2000s perpetrated by companies such as Enron, Tyco, and WorldCom. However, at times it is felt that only the internal auditor cares about the same. 

Many feel that the task of documenting their company’s Sarbanes-Oxley controls has become routine and downright boring. Though that fact is the SOX documentation process is one of the best ways for CFOs and CEOs to be comfortable in signing off documents that make them personally and criminally responsible for the accuracy and reliability of their public company's financial statements and the effectiveness of financial controls.

This webinar attempts to show why SOX is one of the most important tools for public company executives, accountants, as well as auditors with the following Key Topics.

Major Topics Covered:

  • What are the key items the SEC will be watching out for - now and into the future?
  • Compliance: the 3 key questions internal auditors still need to answer: 1) Is it accurate? 2) Are you sure? 3) Can you prove it?
  • The Do’s and Don’ts you need to know
  • The benefits of SOX
  • Resources you need to have

The attendees will have the chance to know the latest updates in the act, compliance requirements, and how to apply effective internal control. 

Learning Objectives

  • To be acquainted with the latest information on SOX regulation and investigation regarding SOX compliance
  • To identify the ongoing procedures you need to follow to remain SOX compliant
  • To recognize the penalties set out by the Act
  • To identify using a simple and effective Risk Management process
  • To break down processes for making SOX compliance easier for everyone to achieve

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounts Director
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Staff of Accounting Firm
  • Young CPA