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Sarbanes-Oxley Act Training

ProTrain Online

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Description

The series of corporate financial scandals that took place in the United States has led to the framing of new legislation called Sarbanes-Oxley Act that strengthens corporate governance and restores investor confidence and eliminates corporate corruption and fraud.

The law was intended to bolster public confidence in the nation's capital markets and imposes new duties and significant penalties for non compliance on public companies and their executives, directors, auditors, attorneys and securities analysts.

Course Topics

Overview of Sarbanes-Oxley Act
Public Company Accounting Oversight Board
Auditor Independence
Corporate Responsibility
Enhanced Financial Disclosures
Analyst Conflicts of Interest
Commission Resources and Authority
Studies and Reports
Corporate and Criminal Fraud Accountability
White-Collar Crime Penalty Enhancements
Corporate Tax Returns
Corporate Fraud and Accountability

Outcomes

After completing this course you will be conversant with:

Accountability standards for Corporate Boards, Audit Committees and for External Auditors

Criminal penalties prescribed for misconduct by the Corporate Officials and violations of the Securities Exchange Act of 1934

Establishment of Public Company Accounting Oversight Board under the Securities and Exchange Commission to oversee public accounting firms and issue accounting standards

Certification of financial reports by Chief Executive Officers and Chief Financial Officers

Requirements that publicly traded companies furnish independent annual audit reports on the existence and condition of internal controls as they relate to financial reporting

Enhanced financial disclosures

Requirements for stringent internal controls both for general governance as well as Information Technology (IT) systems