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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.

Learning Objectives:
After studying this course you will be able to:
  • List and describe each of the sources of accounting irregularities and scandals
  • Explain the Enron debacle and its major reasons
  • Give some examples of recent financial restatements
  • Define Special Purpose Entities (SPEs)
  • Recognize the stock option controversy: to expense or not to expense
  • Describe briefly a series of rules and regulations put out by the FASB, NYSE, SEC, and AIMR
  • Understand the major features of the Corporate Responsibility Law—the Sarbanes-Oxley (SOX) Act of 2002
  • Define corporate governance and explain how governance can be measured quantitatively
  • Identify the true costs of complying with the SOX Act
  • Describe several strategies for dealing with the SOX Act
  • Explain how software and technologies can be helpful in implementing the SOX Act
  • Understand corporate social responsibility (CSR) and business ethics
  • Summarize some key sections of the SOX Act
u>Course Format
Upon ordering this course, you will immediately receive instructions how to download the course as an Online pdf document. Included in this email will be log-on instructions for taking the certification exam. You have one year from date of purchase to complete the course.

Exam Format
After you have completed reviewing the text material, you may take your exam in our convenient, untimed online format. Tests average 5 questions for each CPE credit offered. For example, a CPE test worth 20 credits would include about 100 questions.

A score of 70% or better is required to pass this course, although there is no limit to the number of times you may take the exam in order to pass.

CPE Certification
When you successfully pass the exam, your Certificate of Completion will be displayed on the screen. Print it out on your printer by using the “Print” command in your web browser.

This course is accepted in all but the following states for CPE credit: FL, MN, MS, OR, SC, & TN


Course Level: Basic
Field of Study: Accounting
Prerequisites: None


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.
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The Sarbanes-Oxley Act & Corporate Governance Online course
  • Course ID:
    187581
  • Duration:
    n/a
  • Price:
    $117