SOX Authoritative Bodies

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Course Description
Course Qualification
Presenter
FAQ

Course Description

Often, when the term Sarbanes-Oxley (SOX) comes up, individuals contemplate the testing processes that are required to be executed. As evidenced many things must occur prior to even beginning to contemplate what, when, and how to test.

Prior to the Sarbanes-Oxley Act of 2002, public accounting firms were unregulated. Their activities were monitored by the American Institute of Certified Public Accountants. With the passing of the Act, Congress established the Public Companies and Accounting Oversight Board (PCAOB). The Board is tasked with the oversight of the public accounting firms for issuer companies and ensuring the SOX legislation is appropriately applied.

Understanding the origin of legislation and authoritative bodies along with their powers is important to comply with the Act. Both the PCAOB and the SEC are important organizations related to Sarbanes-Oxley and their history, powers of authority, and ability to assess sanctions and fines are something that organizations should be integrally familiar with.

This online CPE course will provide a detailed outline of the roles and responsibilities of those organizations as well as some background information. Understanding the origin of legislation and authoritative bodies is important to comply with the Act

Key topics covered in this online CPE webinar:

Authoritative body background
Understanding the SEC and PCAOB relationship
PCAOB History
PCAOB responsibilities and authorities
Timeline of PCAOB Actions
Penalties for SOX non-compliance
PCAOB update

You might be interested in the Certification course for SOX Specialists.

Modules

1.1 Introduction
00:03:23

1.2 Agenda
00:01:41

2.1 Background
00:05:08

2.2 SEC
00:04:00

3.1 SEC and PCAOB
00:02:26

3.2 PCAOB Mission and Vision
00:01:57

3.3 PCAOB History
00:04:55

3.4 PCAOB Powers
00:07:30

3.5 PCAOB Standards Issuance
00:13:54

4.1 Penalties
00:12:51

4.2 PCAOB Reports
00:14:52

4.3 PCAOB Update
00:01:57

5.1 Summary
00:03:50

5.2 Ending Speech
00:00:30

Learning Objectives

To review PCAOB's mission & vision.
To determine the powers vested to PCAOB.
To discuss the PCAOB standards issuance.
To discuss general procedures of PCAOB.

Recommended For

This IIA Approved SOX webinar is recommended for CIA and all other titles governed by IIA.
This online CPE webinar is recommended for CPA, CMA, Accountants and Finance Professionals, CFOs, CEOs, and Compliance professionals involved in forming and assessing internal controls.

Who Should Attend?

Accountant
Accounting Firm
Accounting Managers
Accounting Practice Owners
Accounts Director
Certified Management Accountant (CMA)
Certified Public Accountant (CPA)
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
CPA in Business
Entrepreneurial CPA
Senior Accountant
Staff of Accounting Firm
Young CPA

Course Qualification

Webinar Qualifies For

2 General Credit for Accountant/Bookeeper
2 CPE Credit for Certification in Risk Management Assurance (CRMA)
2 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
2 CPE Credit of Auditing for Certified Management Accountants (CMA)
2 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
2 CPE Credit for Internal Audit Practitioner (IAP)
2 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
2 CE Credit for Certified Wealth Strategist (CWS)
2 CPD Credit of Auditing for Certified Financial Forensics (CFF)
2 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
2 CPE Credit for Certified Government Auditing Professional (CGAP)
2 CPE Credit for Certified Government Financial Manager (CGFM)
2 CPE Credit of Auditing for Certified Valuation Analyst (CVA)
2 CPE Credit of Auditing for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)

Additional details

Course Level :

Basic
Credits :

2
Instructional Method :

QAS Self Study
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 through its website: www.NASBARegistry.org.

Presenter

About Presenter

Lynn Fountain, CRMA, CPA (US), CGMA, MBA

Owner, Lynn Fountain Consulting and Training

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.

About Company

Lynn Fountain Consulting and Training

www.lynnfountain.net/

Ms. Fountain has become known as an international trainer on topics of Leadership, Internal Audit, Accounting, Finance, Ethics, Business Processes, Bookkeeping, Cybersecurity and Business Issues. She has over 150 training topics that can be tailored to meet your needs.

Faq

FAQs content

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