Sarbanes-Oxley (SOX) And Fraud Sections

Sections 806, 902 and 906 of the Sarbanes-Oxley act all have critical implications to companies working to comply with the Act.  In fact, many people would contest that the topics addressed in these sections go to the heart of why the legislation was established – because of the instances of corporate misdeeds.

According to the Wall Street Journal, the Securities and Exchange Commission’s (SEC’s) whistleblower program has generated tips from more than 6,500 people from at least 68 countries, resulted in more than $150 million in restitution and fines and more than $15 million in bounty payments to the whistleblowers.

Each of these acts address specific criteria to protect whistleblowers and help bring confidence and assurance to investors through requirements of certifications, specification of penalties for non-compliance and protection for whistleblowers.

Information within this course comes from readily available public domain documents and is utilized by the trainer as a supplement for relaying the course content.

Note: The concepts outlined in this course are up to date and relevant in regards to the Sarbanes-Oxley legislation. Although there have not been any changes in the legislative concepts of the law since it’s release in 2002, some aspects of executing the work have evolved. This speaker is preparing a series of courses titled “Sarbanes-Oxley 20 years later”. Those courses can be found individually on the platform and would be beneficial for anyone involved with compliance.

NOTE: The Instructor has created 5 new segments on Sarbanes-Oxley Update – 20 Years Later:

Sarbanes-Oxley Update – 20 Years Later: Accounting Risk Assessment Considerations
Sarbanes-Oxley Update – 20 Years Later: Sourcing Emerging Risks Part 1
Sarbanes-Oxley Update – 20 Years Later: Evaluating Testing Processes
Sarbanes-Oxley Update – 20 Years Later: Sourcing Emerging Risks Part 2
Sarbanes-Oxley Update – 20 Years Later: Examining Fraud Risks