Accounting  |  Format: Flash

The Sarbanes-Oxley Act and Corporate Governance

Course Overview
In past years we have witnessed a number of high-profile corporate scandals: Enron, Tyco International, HealthSouth, Global Crossing, and WorldCom. While these are the most glaring, there are many more companies whose shareholders and employees have suffered as stock prices fell, such as Nokia, Lucent Technologies, and many internet-related businesses. The 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 402, 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) are also covered.

Learning Objectives
After completing this course, the course participant should be able to:

  • Recognize the sources of accounting irregularities, including the Enron scandal and Special Purpose Entities (SPEs).
  • Recognize different rules and regulations put out by the NYSE, and the SEC.
  • Identify key elements of corporate governance and which software and technologies can be helpful in implementing the SOX Act.
  • Identify attributes of good governance, social responsibility and other ethical standards.
    Catalog Number: 99DEL32
    CPE Credits: 3 Registry / 3 QAS
    Author: Steve Spafford, CPA
    Advanced Preparation:
    Course Level: Overview
    Field of Study: Accounting
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Windows or Mac OS
    Release/Expiration Dates: Jan 30, 2017 / Dec 31, 2019