The Sarbanes-Oxley Act has been called the single most important piece of legislation affecting corporate governance, financial disclosure, and the practice of public accounting since the U.S. securities laws of the early 1930s. This course will provide the learner with an overview of the Act, including changes in disclosure and reporting requirements that have resulted from it.
Objectives:
Describe the enhanced disclosure requirements
Describe the documentation needed for disclosure procedures
Describe the process of designing, maintaining, and evaluating disclosure controls and procedures
Describe the objectives and requirements of internal control over financial reporting
Describe the requirements for disclosing off-balance sheet transactions
Describe the proposed disclosure requirements for critical accounting estimates and changes to existing accounting policies
Topics:
Overview
Management certification
Disclosure controls and procedures
Internal controls
Management's discussion and analysis
Critical policies disclosure
Non-GAAP financial measures
Real-time disclosures
Technical Requirements:
P500+ Processor, 128MB of RAM; Windows 2000, 2003, XP, Minimum screen resolution 800x600, Internet Explorer 6.0 or higher; Windows Media Player 9.0 or higher; Adobe Flash Player 8.0 or higher; 56K minimum connection; broadband (256 kpbs or higher) connection recommended; Cookies enabled; Sound card with speakers or headphones strongly recommended.
