Course No: 144520
Field of Study: Accounting
A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Since the turn of the century,the U.S. has seen some largecorporate collapses and scandals due to shoddy and deceptive accounting practices. Many companies, shareholders and employees suffered as stock prices felland reputations were tarnishedwhen businesses such as Nokia, Lucent Technologies, energy, and internet-related businessesconducted questionable practices.
This course examines developments in finance and accounting and a series of corporate accounting scandals on the heels of the Enron debacle thathave led to currentsweeping accounting guidelines, proposals, and legislation—most notably, the Sarbanes-Oxley(SOX) Act. Many of the issues surrounding the SOX Act—especially Section 404, Internal Control over Financial Reportingand Sections 302 and 906, Management Certifications—are discussed. The general issues on corporate governance and corporate social responsibility (CSR), including stock option expensing, are also covered. The illegal practice of stock option backdating isdescribed as well.
Advance preparation: none
Course Material: Online Material
Type of delivery method: QAS Self-study
The program participant will have one year from the date of purchase to complete the course and final examination.
Web CPE is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.
Web CPE is registered with the IRS to provide Continuing Education (CE) programs to the Enrolled Agents and other tax return practitioners.