SEC Reporting

The Sarbanes-Oxley Act and Corporate Governance - Part 1 (Updated)

Course Overview
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.

The Sarbanes-Oxley Act and Corporate Governance - Part 1 (Updated), along with The Sarbanes-Oxley Act and Corporate Governance - Part 2 (Updated), 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 segment, you should be able to:

  • Recognize the sources of accounting irregularities, including the Enron scandal and Special Purpose Entities (SPEs).
  • Identify the controversy with expensing stock options and specific issues addressed by ASC 718.
  • Recognize different rules and regulations put out by the FASB, NYSE, and the SEC.


Prerequisites/Advanced Preparation:

None

Speaker / Author:

Steve Spafford, MBA, CPA, has over 20 years’ experience as a CPA working with large public accounting firms, and in numerous executive roles at multinational public corporations. He is a member of DeltaCPE LLC, a leading publisher of continuing professional education courses for CPAs, and has edited CPA ethics courses provided to over 35 states.

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Price (USD)

Standard: $49.90

Details

Course Code : 99DEL45

Release Date : 10/04/2019
Expire Date : 10/04/2021
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Overview
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : SEC Reporting

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