CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

The Sarbanes-Oxley Act and Corporate Governance

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
6 Credits: Accounting

Course Description

A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Since the turn of the century, the U.S. has seen some large corporate collapses and scandals due to shoddy and deceptive accounting practices. Many companies, shareholders and employees suffered as stock prices fell and reputations were tarnished when businesses such as Nokia, Lucent Technologies, energy, and internet-related businesses conducted questionable practices.

This 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 404, 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), including stock option expensing, are also covered. The illegal practice of stock option backdating is described as well.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Recognize the sources of accounting irregularities such as the use of special purpose entities (SPEs) and improper revenue recognition

Chapter 2

  • Identify the controversy with expensing stock options and specific issues addressed by ASC 718.

Chapter 3

  • Recognize different rules and regulations put out by the FASB, NYSE, and the SEC.

Chapter 4

  • Identify key elements of corporate governance.
  • Identify attributes of good governance, social responsibility and other ethical standards.

Chapter 5

  • Recognize the major features of the Sarbanes-Oxley(SOX) Act of 2002 Corporate Responsibility Law.

Course Specifics

Course ID
1213553
Original Release Date
October 14, 2021
Number of Pages
134
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Delta CPE LLC Headshot
Delta CPE LLC

For many years, Delta CPE LLC has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.

The Sarbanes-Oxley Act and Corporate Governance

Expert Instructors
Format
CPE CREDITS
6 Credits: Accounting

$174.00$204.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
6 Credits: Accounting

Course Description

A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Since the turn of the century, the U.S. has seen some large corporate collapses and scandals due to shoddy and deceptive accounting practices. Many companies, shareholders and employees suffered as stock prices fell and reputations were tarnished when businesses such as Nokia, Lucent Technologies, energy, and internet-related businesses conducted questionable practices.

This 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 404, 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), including stock option expensing, are also covered. The illegal practice of stock option backdating is described as well.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Recognize the sources of accounting irregularities such as the use of special purpose entities (SPEs) and improper revenue recognition

Chapter 2

  • Identify the controversy with expensing stock options and specific issues addressed by ASC 718.

Chapter 3

  • Recognize different rules and regulations put out by the FASB, NYSE, and the SEC.

Chapter 4

  • Identify key elements of corporate governance.
  • Identify attributes of good governance, social responsibility and other ethical standards.

Chapter 5

  • Recognize the major features of the Sarbanes-Oxley(SOX) Act of 2002 Corporate Responsibility Law.

Course Specifics

Course ID
1213553
Original Release Date
October 14, 2021
Number of Pages
134
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Delta CPE LLC Headshot
Delta CPE LLC

For many years, Delta CPE LLC has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.

The Sarbanes-Oxley Act and Corporate Governance

Expert Instructors
Format
CPE CREDITS
6 Credits: Accounting

$174.00$204.00

Clear