The Sarbanes-Oxley Act of 2002 (“the Act”) sets forth, among other things, new corporate governance standards for public companies within the United States. Under the new requirements, it will be incumbent upon boards of directors, CEOs and CFOs to not only design and implement appropriate corporate governance processes, but also to assess the risks their businesses face today and can reasonably expect to face in the future, and to manage those risks in an appropriate manner. This course provides an introduction to the Act and its most relevant sections.
Program Registration:
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If you are not a KL+ member you will not receive CPE credit for the course
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Learning Objectives:
Upon completion of this course, the learner will be able to:
- Give an account of the origins of the Act
- Describe key sections (302, 404, 409, and 906)
- Explain the role of the SEC
- Explain the role of the PCAOB
Estimated Course Duration: 1 hour (1 CPE)
Delivery Method: Online Self-Study
Field of Study: Accounting
Program Level: Overview
Advance Preparation/Prerequisites: None
Program Content:
Overview of the Sarbanes-Oxley Act
- A brief history
- New requirements
Broad Groups of the Act’s Requirements
- Expands reporting requirements and accountabilities for public companies
- Expressly prohibits certain actions
- Empowers audit committees with expanded responsibilities
- Substantially increases the penalties for officers and directors committing a crime
- Creates new oversight for external auditors
- Increases SEC oversight activity
Key Sections of the Act
- Section 302
- Section 404
- Section 409
- Section 906
Overview of the Securities and Exchange Commission
- Role of the SEC
- The SEC and Sarbanes-Oxley
Overview of the Public Company Accounting Oversight Board
- Role of the PCAOB
- Current Status of the PCAOB
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4. Enter your email address and password and then click the
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5. The training module will launch automatically. NOTE: Most training modules are narrated. To view speaker notes during the presentation, click the Notes tab.
In order to earn CPE credit, you must complete the training module within one year of enrollment and score 70% or above on the Final Exam.
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