FMN Accounting  |  Format: Flash

Taking a New Look at the SEC's Enforcement Powers

Course Overview
On the one hand, the Securities and Exchange Commission reported that, after several years of increases, it brought fewer enforcement actions last year. On the other hand, the SEC unanimously approved the PCAOB�s standard for a new auditor�s report, including the controversial communication of so-called �critical audit matters.� Charles Hecht, a partner of Wolf Haldenstein LLP, briefs us on the landscape for a wide variety of securities enforcement issues, from corporate disclosures to whistleblower protection.

Learning Objectives
Upon successful completion of this segment, you should be able to:

  • Recognize the core principles of SEC enforcement activity;
  • Identify the steps a company should take if they discover a cyber attack;
  • Recognize the implications of Critical Audit Matters disclosure on companies and external auditors; and
  • List Mr. Hecht�s recommendations for companies and individuals as they relate to whistle-blowing.

    Catalog Number: FMN1262-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: FMN Online
    Advanced Preparation:
    Work experience in financial reporting or accounting, or an introductory course in accounting.
    Course Level: Update
    Field of Study: Accounting
    Content Partner: FMN Online
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    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
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Jul 10, 2018 / Feb 13, 2020