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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

Learning Objectives

  • Understand the legal requirements around Section 806 - protection for employees of publicly traded companies who provide evidence of fraud.
  • Examine how Dodd-Frank Act legislation impacts Section 806.
  • Understand the legal requirements around Section 902 – attempts/conspiracies to commit criminal fraud.
  • Understand the legal requirements around Section 906 - criminal penalties for certifying a misleading or fraudulent financial report.
  • Evaluate the variances between SOX Section 906 and 302.
  • Explore recent lawsuits related to the legislation.
Last updated/reviewed: May 11, 2022

Included In Certifications

This course is included in the following Certification Programs:

16 CoursesSarbanes-Oxley (SOX) Certification

  1. Sarbanes Oxley (SOX) Overview
  2. SOX: Authoritative Bodies
  3. Sarbanes-Oxley (SOX) Standards - Evolution
  4. Information Technology General Controls Primer
  5. COSO 2013 Overview
  6. Sarbanes-Oxley (SOX) Section 404
  7. Sarbanes-Oxley Section 302: ICFR
  8. Sarbanes-Oxley (SOX) And Fraud Sections
  9. Sarbanes-Oxley (SOX) - Top Down Risk Assessment Part 1
  10. Sarbanes-Oxley (SOX) - Top Down Risk Assessment Part 2
  11. Sarbanes-Oxley (SOX) - Entity Level Controls
  12. Sarbanes-Oxley (SOX) Identifying and Documenting Controls
  13. Sarbanes-Oxley (SOX) Testing
  14. Sarbanes-Oxley (SOX) - Assessing Material Impact
  15. XBRL - Connection to SOX 302/404 and Critical Roles
  16. Tools For Sarbanes-Oxley Compliance

38 Reviews (123 ratings)Reviews

5
Anonymous Author
It was very well structured, well-paced and easy to follow training course. Structuring the course in segments as well as offering a continuous play option is perfect for any learning style. The examples given were good.
5
Anonymous Author
This was an in-depth introduction to Fraud in SoX including 806 902 and 906 which I have did not have the experience to the same degree as 302 and 404. Thank you Lynn.
4
Anonymous Author
I was surprised how many SOX sections and laws are required to protect whistleblowers and prosecute unethical business leaders. It's more pervasive than I realized.
5
Member's Profile
This course provides clear understanding of the SOX Section 902, 906 and 806 with case study and specific example that each organization need to pay attention to.
4
Anonymous Author
This course gave good understanding of the content of these sections. The trainer knows her topics well and is able to give real life examples like law cases.
3
Anonymous Author
A course that describes different provisions of the SOX act. It needed to be simplified with particular examples in each case to help retain information.
4
Anonymous Author
Excellent discussion of these legislative sections. Real-life examples (court cases and professional experience) enhance the material significantly.
5
Member's Profile
very interesting and educative course with important and relevant information that will make a difference in our daily corporate routine.
5
Member's Profile
Lynn Fountain once again provides a wealth of information. A must for anyone involved with SEC compliance and financial reporting.
5
Member's Profile
Efficient and concise way to cover the material. I liked everything about the course, kept short enough to not get boring.
5
Anonymous Author
I enjoyed the course. It was basically a refresher course for me but it reinforced my knowledge on the Subject Matter
4
Anonymous Author
This is a great course for those new to sox concepts, or for those who have forgotten what they learned in college.
4
Anonymous Author
Overall very helpful class. Could have spent a little more time on the interactions with the securities laws.
4
Anonymous Author
Good overview of these sections to gain a general understanding. Some of them I didn't realize fell within SOX.
5
Anonymous Author
Great, succinct overview of fraud and whistle-blower provisions in the SOX legislation with real life examples.
4
Anonymous Author
This course was a little boring solely based on nature of material, good job by Lynn to present boring material
4
Anonymous Author
Dividing the topic into three separate sections was a good idea. They are distinctly different. Educational.
5
Anonymous Author
This is a very good summary of Sections 806, 902 and 906 from an historical and practical pint of view.
5
Anonymous Author
The course was clear presenting the subject, which sometimes is not as well-known as sections 302, 404.
4
Member's Profile
This was little complex. But really nice. The protection of whistleblowers by the law is essential.
3
Anonymous Author
Good course covering the stated sections and including interesting case studies for Section 806.
4
Member's Profile
Good course, a lot of information. Wish there was more detail on the differences of 906 and 302
5
Anonymous Author
This course was excellent and provided very good information that I will utilized in the future.
4
Anonymous Author
Very insightful information about Sarbanes-Oxley (SOX) And Fraud Sections and meaningful.
5
Anonymous Author
Informative and enjoyable course with a suitable amount of depth for the subject matter.
5
Member's Profile
Good background of the fraud aspect of auditing and the history behind the legislation it
4
Anonymous Author
This is an informative course that provides a great overview of these sections of SOX.
5
Anonymous Author
Provide a great learning of other relevant section which we are usually not aware of.
4
Member's Profile
course material was very well laid out. I found it succint and well presented.
5
Anonymous Author
Good to understand how wide affects SOX has, this is useful information.
4
Member's Profile
Very good course, Its good to have a one presentation rather than many
4
Member's Profile
Good material. Easy to understand. Enjoyed the legal case summaries.
3
Member's Profile
Course easy to follow and well structured. Nothing else to be added.
5
Anonymous Author
Excellent analysis of Sarbanes Oxley sections 906, 302 902 and 806.
5
Member's Profile
I very much enjoyed the strict legal aspects of SOX.Excellent!
3
Anonymous Author
This course gave a good overview of these sections.
5
Member's Profile
Excellent easy to understand
5
Anonymous Author
Very concise.

Prerequisites

Course Complexity: Advanced

No Advanced Preparation or Prerequisites are needed for this course. 

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
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
INTRODUCTION and OVERVIEW
  9:05Introduction Sarbanes-Oxley (SOX) Section 806, 902, 906
Section 806
  9:15Sarbanes-Oxley Section 806
  3:12Sarbanes-Oxley Section 806 Expectations
Law Suits
  5:48Lawsuits - Lockheed
  6:50Lawsuits - Spinner
Section 902 and 906
  4:20DODD - FRANK
  9:18Sarbanes-Oxley Section 902
  6:53Sarbanes-Oxley Section 906
  1:59Court Cases
  4:37Sarbanes-Oxley Section 906 Vs. 302
CONCLUSION
  3:13Course Summary
Continuous Play
  1:04:29Sarbanes-Oxley Section 806, 902, 906
SUPPORTING MATERIALS
  PDFSlides: Sarbanes-Oxley (SOX) Section 806, 902, 906
  PDFSarbanes-Oxley (SOX) Section 806, 902, 906 Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM