The Sarbanes-Oxley Act and Corporate GovernanceCode: 18-SOX
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Course description and objectives: The past years has 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 legislationmost notably, the Sarbanes-Oxley (SOX) Act. Many of the issues surrounding the SOX Actespecially 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), including stock option expensing, are also covered. The illegal practice of stock option backdating is described as well.
Presentation Method: QAS Self-Study
CPE credit: 6 Hours
Program Level: Update
Advance Preparation: None
Exam expiration date: Participants must submit exams for grading within one year from the date of purchase
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NASBA QAS Sponsor number 108096