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Prior to the Sarbanes-Oxley Act of 2002 (SOX), public accounting firms were unregulated. Their activities were monitored by the American Institute of Certified Public Accountants (AICPA). With the passing of the Act, Congress established the Public Company Accounting Oversight Board (PCAOB).  The Board is tasked with the oversight of the public accounting firms for issuer companies and ensuring that SOX legislation is appropriately applied.

Understanding the origin of legislation and authoritative bodies along with their powers is important to complying with the Act. Both the PCAOB and the Securities and Exchange Commission (SEC) are important organizations related to Sarbanes-Oxley and their history, powers of authority, and ability to assess sanctions and fines is something that organizations should be integrally familiar with.  This course provides a detailed outline of the roles and responsibilities of those organizations as well as related background information.  


Learning Objectives

  • Explore the Authoritative body background
  • Explore the Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB) relationship
  • Explore PCAOB History
  • Recognize PCAOB responsibilities and authorities
  • Explore the timeline of PCAOB Actions
  • Recognize the penalties for SOX non-compliance
Last updated/reviewed: November 23, 2019

Included In Certifications

This course is included in the following Certification Programs:

17 CoursesSarbanes-Oxley (SOX) Certification

  1. Sarbanes Oxley (SOX) Overview
  2. SOX: Authoritative Bodies
  3. The Evolution of Sarbanes-Oxley (SOX) Auditing Standards
  4. Information Technology in Today’s Digital World: General Controls Primer
  5. COSO 2013 Framework Requirements and Implementation Overview
  6. Sarbanes-Oxley (SOX) Section 404
  7. Sarbanes-Oxley (SOX) Section 302: Internal Controls over Financial Reporting
  8. Sarbanes-Oxley (SOX) Section 806, 902, 906
  9. Sarbanes-Oxley (SOX): Preparing for a Top Down Risk Assessment Part 1
  10. Sarbanes-Oxley (SOX): Executing a Top Down Risk Assessment Part 2
  11. Sarbanes Oxley (SOX): Entity Level and Soft Controls
  12. Sarbanes-Oxley (SOX) Identifying and Documenting Controls
  13. Sarbanes-Oxley (SOX) Testing
  14. Sarbanes-Oxley (SOX) General Controls, Applications Controls, and Spreadsheet Controls
  15. Sarbanes-Oxley (SOX) Difficulty of Assessing Material Impact
  16. XBRL - Connection to SOX 302/404 and Critical Roles
  17. Tools For Sarbanes-Oxley Compliance

12 Reviews (38 ratings)Reviews

Member's Profile
The course was filled with a lot of useful information. It was easy to follow but there were some parts that I feel should have had more information. There was final exam questions that weren't fully touched upon in the material.
Member's Profile
Great overview and references. Understanding the history of the PCAOB and the evolution of the organization is extremely helpful in understanding more detailed areas of SOX (and your external auditors).
Anonymous Author
The course was helpful. However, I was just confused with the Auditing Standards, since there was a change during the year 2017.
Member's Profile
Very well presentation explaining the history of the SEC & PCAOB, what each is responsible for, and the powers that they have.
Anonymous Author
This course gave good understanding of the origin of the legislation and authoritative bodies related to Sarbanes-Oxley.
Member's Profile
Good description of the PCAOB and the SEC. Alot of info, appreciate the slides that can be used for review.
Member's Profile
This course was excellent and provided very useful information which I will utilize in the future.
Anonymous Author
This is a useful overview of the SEC and PCAOB history and activity to date.
Member's Profile
another challenging yet informative test! I really learned a lot!
Member's Profile
I have now understood the relationship between PCAOB and the SEC.
Anonymous Author
This course provided a lot of interesting information.
Anonymous Author
A lot of interesting information.


Course Complexity: Foundational

No Advanced Preparation or Prerequisites are needed for this course. 

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
  3:18Introduction to SOX: Authoritative Bodies
  14:12PCAOB Mission and Vision
  13:54PCAOB Standards and Issuance
  9:35PCAOB Reports
  11:152015 PCAOB Report and Conclusion
Continuous Play
  1:16:12Authoritative Bodies
  PDFSlides: Authoritative Bodies
  PDFAuthoritative Bodies Glossary/Index