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Sarbanes-Oxley – Staying Current: A Detailed Overview

  • CRMA
  • CMA
  • CPA (US)
  • CVA

Published: January, 2022

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  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Overview

  • Sarbanes-Oxley simplified
    2 mins
  • Enron: Destruction of investor confidence
    14 mins
  • Special purpose entities
    31 mins
  • PCAOB oversight power
    46 mins
  • Signing officers requirements
    61 mins
  • Nationally recognized statistical rating organizations
    81 mins

Course Description

Back in the late 90s and early 2000s, a number of instances of financial fraud were uncovered in large public corporations, leading to a growing feeling of distrust in the market. Back in 2001, for instance, a scandal surrounded the American energy company Enron when they were discovered to have used fraudulent accounting practices and loopholes to hide their losses in financial reports. This incident, along with numerous other scandals like it, prompted the creation of the Sarbanes-Oxley Act to provide more oversight.                 

SOX aims to protect investors by focusing on improving financial accountability. The Sarbanes-Oxley Act of 2002 made company executives personally responsible not only for the accuracy of their company’s financial statements and disclosures but also for reporting on the effectiveness of its Internal Controls. Complying with the requirements of the Act sometimes can seem like an overwhelming task, but this entertaining and informative presentation will walk you through the latest requirements quickly and easily. This CPE webinar will provide you with a freshly detailed overview of the Sarbanes-Oxley Act of 2002.

Major Topics Covered in Online CPE Accounting Webinar:

  • The 3 critical questions: Is it accurate? Are you sure? Can you prove it?
  • Review how exactly Enron brought about the destruction of investor confidence
  • Summarize the accountability and disclosure requirements of signing officers
  • Evaluate the practice of co-certification
  • Examine updates and highlights of the Act
  • Describe the penalties under the Act
  • Assess the risk of misstatement
  • Address specific departmental concerns
  • The future of SOX

Learning Objectives

  • To become acquainted with the latest information on SOX regulation and investigation regarding SOX compliance
  • To identify the ongoing procedures to remain SOX compliant
  • To get an overview of the penalties set out by the Act
  • To identify ways of using a simple and effective Risk Management process.
  • To identify ways of breaking processes to make SOX compliance easier to achieve
  • To track how SOX compliance produces constant process improvement

Recommended For

  • This Online CPE webinar on Accounting is recommended for CPAs, CMAs, CRMA, CIA, CVA, and other Accounting professionals who desire to help their clients with better internal control processes

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CPE Credit for Certified Valuation Analyst (CVA)
  • 2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 2 CPE Credit for Certified Management Accountants (CMA)
  • 2 CPE Credit for Certification in Risk Management Assurance (CRMA)

Presenter

About Presenter

Michel Morley

Founder Mike Morley

Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

 “Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Faq

FAQs content

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