The Sarbanes-Oxley (SOX) Act & Corporate Governance

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Delivery Method: Self-Study. Make your purchase through our secure shopping cart. Once your purchase is completed, you will receive download instructions by email.
Format: Online pdf document. (Printed book available for addl. $20.00 plus s/h.)
Prerequisites: None
Advance Preparation Requirement: None
Level: Basic
CPE Credit: 12 Hrs. Accounting
Price without printed book: $105.00 Price with printed book: $125.00 plus s/h
Course expiration: You have one year from date of purchase to complete the course.
Course Description:
In past years we have witnessed a number of high-profile corporate scandals: Enron, Tyco International, Healthsouth, Global Crossing, and WorldCom (now-MCI). While these are the most glaring, there are many more companies whose shareholders and employees have suffered as stock prices have fallen, such as Cisco, Nokia, Lucent Technologies, and most internet-related businesses. The course examines recent developments in finance and accounting and a series of corporate accounting scandals on the heels of the Enron debacle that have led to new sweeping accounting guidelines, proposals, and legislation—most notably, the Sarbanes-Oxley (SOX) Act. Many of the issues surrounding the Act, such as the cost, problems, software and information technologies, and strategies for dealing with the SOX, are discussed. The general issues on corporate governance are also covered.

Course #7060 BOOK ONLY

$20.00

Order the book only:
-If you do not need CPE credit but are looking for excellent reference material.
-If you have already ordered the online course and now want to order the printed book, you can place that order here. (No CPE credit is available if you have not ordered the complete course).

About the Author

Dr. Jae K. Shim is one of the most prolific accounting and finance experts in the world. He is a professor of accounting and finance at California State University, Long Beach and CEO of Delta Consulting Company, a financial consulting and training firm. Dr. Shim received his M.B.A. and Ph.D. degrees from the University of California at Berkeley (Haas School of Business). Dr. Shim has been a consultant to commercial and nonprofit organizations for over 30 years.

Dr. Shim has over 50 college and professional books to his credit, including 2003 US Master Finance Guide, Barron’s Accounting Handbook, Barron’s Dictionary of Accounting Terms, GAAP 2003, Dictionary of Personal Finance, Investment Sourcebook, Dictionary of Real Estate, Dictionary of Economics, Dictionary of International Investment Terms, Encyclopedic Dictionary of Accounting and Finance, Corporate Controller’s Handbook of Financial Management, The Vest-Pocket CPA, The Vest-Pocket CFO, and the best-selling Vest-Pocket MBA. Seventeen of his publications have been translated into foreign languages such as Spanish, Chinese, Russian, Italian, Japanese, and Korean. Professor Shim's books have been published by Prentice-Hall, McGraw-Hill, Barron's, Commercial Clearing House (CCH), Southwestern, John Wiley, American Management Association (Amacom), and the American Institute of CPAs (AICPA).

Dr. Shim has been frequently quoted by such media as the Los Angeles Times, Orange County Register, Business Start-ups, Personal Finance, and Money Radio . Dr. Shim has also published numerous articles in professional and academic journals. He was the recipient of the Credit Research Foundation Award for his article on cash flow forecasting and financial modeling.

Learning Objectives:
After studying this course you will be able to:
1. List and describe each of the sources of accounting irregularities and scandals.
2. Explain the Enron debacle and its major reasons.
3. Give some examples of recent financial restatements.
4. Define Special Purpose Entities (SPEs).
5. Recognize the stock option controversy: to expense or not to expense.
6. Describe briefly a series of rules and regulations put out by the FASB, NYSE, SEC, and AIMR.
7. Understand the major features of the Corporate Responsibility Law—the Sarbanes-Oxley (SOX) Act of 2002.
8. Define corporate governance and explain how governance can be measured quantitatively.
9. Identify the true costs of complying with the SOX Act.
10. Describe several strategies for dealing with the SOX Act.
11. Explain how software and technologies can be helpful in implementing the SOX Act.
12. Understand corporate social responsibility (CSR) and business ethics.
13. Summarize some key sections of the SOX Act.