Sarbanes Oxley Act Compliance Disclosure: Ensure your corporate disclosures meet Sarbanes Oxley Act compliance regulations. SOX compliance disclosure is part of your fiduciary compliance program. SkillSoft gives you confidence in your corporate record compliance.

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Course Description

On July 30, 2002, President Bush signed into law the Sarbanes-Oxley Act of 2002. Sparked by a wave of dramatic corporate and accounting scandals, this federal securities legislation attempts to combat corporate fraud and to enhance the accuracy and reliability of corporate disclosures made pursuant to the securities laws. The act's provisions have helped to enhance audit committee responsibility and auditor oversight, including prior approval for non-audit services by the auditor and the disclosure of all non-audit services of the auditor approved by the committee. New standards for determining auditor independence have been established, and a new oversight board for the regulation of auditors has been created. The act has also increased criminal penalties for violations of securities laws. Many of the act's provisions apply to all companies--both U.S. and non-U.S.--that have registered equity or debt securities with the Securities and Exchange Commission (SEC) under the Exchange Act. However, some provisions apply only to companies that have equity securities listed on an exchange or on NASDAQ. Many of the act's provisions have been enhanced by stock market listing standards and SEC rulemaking. SkillSoft's Legal Compliance courses are developed and maintained with subject matter support provided by the Labor, Employment, and Employee Benefits Law Group of the law firm of Sheehan Phinney Bass + Green PA.

Sarbanes-Oxley and Improved Corporate Governance

• recognize why the Sarbanes-Oxley Act was introduced.
• identify the main provisions of the Sarbanes-Oxley Act.
• identify the benefits of the Sarbanes-Oxley Act.
• identify the functions of the PCAOB as outlined in Title I of the Sarbanes-Oxley Act.
• recognize the factors affecting auditor independence.
• identify the Sarbanes-Oxley provisions governing auditor independence.
• identify the guidelines outlined in the Sarbanes-Oxley Act for developing and enhancing financial disclosures and procedures.

The Role of Sarbanes-Oxley in Combating Fraud

• identify the provisions of Title III of the Sarbanes-Oxley Act that increase corporate responsibility.
• identify the provisions of the Sarbanes-Oxley Act that afford legal protection for corporate whistleblowers.
• recognize the benefits of whistleblower protection.

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