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Certified
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EU Sarbanes Oxley Expert -
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Certified
Japanese Sarbanes Oxley Expert
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Welcome to the
Sarbanes Oxley Compliance Professionals Association (SOXCPA)
the largest Association of Sarbanes Oxley professionals in the
world
Dear Risk and Compliance
Management
Professional,
Many years
after the bankruptcy of Enron, in the middle
of a new market crisis, we are still working in risk and
compliance management jobs and projects around the world. But what is next?
No,
it is not about what is next for firms. It is not about
corporate failures.
It is about
us.
What is
next for us? What should we do?
In the middle of a crisis, we have
to be careful.
We have some good news for you.
Risk and Compliance Management becomes much more important.
Sarbanes Oxley knowledge is evidence that you know what
organizations need. You understand risks, controls, policies,
procedures, accountability, testing, documentation,
preparation for audits.
After the
market crisis, firms have to comply
with a more serious interpretation of the Sarbanes Oxley Act.
Auditors and Supervisors ask for more. Now, in the
new era of re-regulation, where governments and analysts explain
that we are seeing the consequences of lax regulation,
we have to learn more, we have to do more, and we
have to provide evidence about our knowledge.
The Sarbanes Oxley Act has become much more
important after the Dodd Frank Act.
The new US financial regulatory reform, the
Dodd Frank Act, amends some sections of the
Sarbanes Oxley Act.
Sarbanes Oxley is part of the
new regulatory reform. They did not delete the Sarbanes Oxley
provisions, they have made them more strict and clever.
For example, whistleblowers now have a
monetary incentive to report matters to the SEC (they may
be entitled to as much as 10 percent to 30 percent of the monetary
sanctions imposed).
Management should clearly
explain to all employees the importance of prompt reporting
of violations.
Public companies should do much more for complaints
submitted to audit committees or employee hotlines to address
areas of potential concern.
The Dodd-Frank Act also
provides an employee with remedies
against the employer that has violated the whistleblower
provisions of the Dodd-Frank Act.
These remedies include
reinstatement with the same seniority status that the
individual would have had, two times the
amount of back pay otherwise owed to the individual, with
interest, and even compensation for
litigation costs, expert witness fees, and reasonable attorneys’
fees.
Does it look like the
end of Sarbanes Oxley? No, it is Sarbanes Oxley on steroids.
Our proposal:
1. Become
a member of the Sarbanes Oxley Compliance
Professionals Association (SOXCPA)
The global marketplace is an
intensely competitive environment where
specialized knowledge is a matter of survival. You have to
develop a personal competitive advantage.
4 reasons to join:
1. The SOXCPA is the largest association of Sarbanes Oxley Compliance
Professionals in the world.
2. Membership is free. You can
unsubscribe any time. We meet international standards in privacy.
3. You will receive (at no cost) a monthly email, so
you will
learn about Sarbanes Oxley related developments and opportunities
every month.
4. We offer a
distance learning and online
certification program at a cost that is unheard of.
2. Become
a Certified Sarbanes Oxley Expert
Provide
independent evidence that you are a Sarbanes Oxley Expert
The
Cost: US$ 147
What is included in this
price:
A. The
official presentations we use in our
instructor-led classes (1015 slides)
Course Synopsis:
www.sarbanes-oxley-association.com/CSOE_Course_Synopsis.htm
B. Up to
3 Online Exams.
There is only
one exam you need to pass, in order to become
a
CSOE.
If you fail, you must study again
the official presentations, but you do not
need to spend money to try again. Up to 3 exams are included in
the price.
C.
Personalized Certificate printed in full color.
Processing, printing,
packing and posting to
your office or home.
To find more you may visit our Distance Learning and
Certification pages:
www.sarbanes-oxley-association.com/Distance_Learning_and_Certification.htm
Join us.
Keep current. Take advantage of the opportunities.
Membership is free, and you
can leave any time.
You will enjoy the
free monthly newsletter with Sarbanes Oxley news, alerts,
challenges and opportunities.
Best Regards,
George Lekatis
President of the Sarbanes Oxley Compliance
Professionals Association (SOXCPA)
General Manager and Chief
Compliance Consultant, Compliance LLC
1200 G Street NW Suite 800,
Washington DC 20005, USA
Tel: (202) 449-9750
Email:
lekatis@sarbanes-oxley-association.com
Web:
www.sarbanes-oxley-association.com
HQ: 1220 N. Market Street Suite
804, Wilmington DE 19801, USA
Tel: (302) 342-8828
Free E-book for all Members: 100 Job Descriptions in Risk and
Compliance Management
www.sarbanes-oxley-association.com/100_Job_Descriptions_in_Risk_and_Compliance_Management.htm
Free E-book for all Members:
6 Figure Jobs in Risk and Compliance Management and what it
takes to get hired
www.sarbanes-oxley-association.com/6_Figure_Jobs_in_Risk_and_Compliance_Management_and_what_it_takes_to_get_hired.htm
Join the SOXCPA. Membership is Free:
www.sarbanes-oxley-association.com/How_to_become_member.htm
Member Benefits:
www.sarbanes-oxley-association.com/Member_Benefits.htm
Links:
www.sarbanes-oxley-association.com/Links.htm
THE SARBANES OXLEY ACT OF 2002
One Hundred Seventh Congress of the United States of America
AT
THE SECOND SESSION
Begun and held at the City of
Washington on Wednesday, the twenty-third day of January, two thousand
and two.
An Act
To protect investors by improving the
accuracy and reliability of corporate disclosures made pursuant to the
securities laws, and for other purposes.
Be it enacted by the
Senate and House of Representatives of the United States of America in
Congress assembled,
SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
(a) SHORT TITLE.—This Act may be cited as the ‘‘Sarbanes-Oxley Act
of 2002’’.
(b) TABLE OF CONTENTS.—The table of contents for
this Act is as follows:
Sec. 1. Short title; table of contents.
Sec. 2. Definitions.
Sec. 3. Commission rules and enforcement.
TITLE I—PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD
Sec. 101.
Establishment; administrative provisions.
Sec. 102. Registration
with the Board.
Sec. 103. Auditing, quality control, and
independence standards and rules.
Sec. 104. Inspections of
registered public accounting firms.
Sec. 105. Investigations and
disciplinary proceedings.
Sec. 106. Foreign public accounting
firms.
Sec. 107. Commission oversight of the Board.
Sec. 108.
Accounting standards.
Sec. 109. Funding.
TITLE II—AUDITOR
INDEPENDENCE
Sec. 201. Services outside the scope of practice of
auditors.
Sec. 202. Preapproval requirements.
Sec. 203. Audit
partner rotation.
Sec. 204. Auditor reports to audit committees.
Sec. 205. Conforming amendments.
Sec. 206. Conflicts of interest.
Sec. 207. Study of mandatory rotation of registered public accounting
firms.
Sec. 208. Commission authority.
Sec. 209. Considerations
by appropriate State regulatory authorities.
TITLE
III—CORPORATE RESPONSIBILITY
Sec. 301. Public company audit
committees.
Sec. 302. Corporate responsibility for financial
reports.
Sec. 303. Improper influence on conduct of audits.
Sec.
304. Forfeiture of certain bonuses and profits.
Sec. 305. Officer
and director bars and penalties.
Sec. 306. Insider trades during
pension fund blackout periods.
Sec. 307. Rules of professional
responsibility for attorneys.
Sec. 308. Fair funds for investors.
TITLE IV—ENHANCED FINANCIAL DISCLOSURES
Sec. 401. Disclosures
in periodic reports.
Sec. 402. Enhanced conflict of interest
provisions.
Sec. 403. Disclosures of transactions involving
management and principal stockholders.
Sec. 404. Management
assessment of internal controls.
Sec. 405. Exemption.
Sec. 406.
Code of ethics for senior financial officers.
Sec. 407. Disclosure
of audit committee financial expert.
Sec. 408. Enhanced review of
periodic disclosures by issuers.
Sec. 409. Real time issuer
disclosures.
TITLE V—ANALYST CONFLICTS OF INTEREST
Sec. 501.
Treatment of securities analysts by registered securities associations
and national securities exchanges.
TITLE VI—COMMISSION
RESOURCES AND AUTHORITY
Sec. 601. Authorization of appropriations.
Sec. 602. Appearance and practice before the Commission.
Sec. 603.
Federal court authority to impose penny stock bars.
Sec. 604.
Qualifications of associated persons of brokers and dealers.
TITLE VII—STUDIES AND REPORTS
Sec. 701. GAO study and report
regarding consolidation of public accounting firms.
Sec. 702.
Commission study and report regarding credit rating agencies.
Sec.
703. Study and report on violators and violations
Sec. 704. Study
of enforcement actions.
Sec. 705. Study of investment banks.
TITLE VIII—CORPORATE AND CRIMINAL FRAUD ACCOUNTABILITY
Sec.
801. Short title.
Sec. 802. Criminal penalties for altering
documents.
Sec. 803. Debts nondischargeable if incurred in
violation of securities fraud laws.
Sec. 804. Statute of
limitations for securities fraud.
Sec. 805. Review of Federal
Sentencing Guidelines for obstruction of justice and extensive
criminal fraud.
Sec. 806. Protection for employees of publicly
traded companies who provide evidence of fraud.
Sec. 807. Criminal
penalties for defrauding shareholders of publicly traded companies.
TITLE IX—WHITE-COLLAR CRIME PENALTY ENHANCEMENTS
Sec. 901.
Short title.
Sec. 902. Attempts and conspiracies to commit criminal
fraud offenses.
Sec. 903. Criminal penalties for mail and wire
fraud.
Sec. 904. Criminal penalties for violations of the Employee
Retirement Income Security Act of 1974.
Sec. 905. Amendment to
sentencing guidelines relating to certain white-collar offenses.
Sec. 906. Corporate responsibility for financial reports.
TITLE
X—CORPORATE TAX RETURNS
Sec. 1001. Sense of the Senate regarding
the signing of corporate tax returns by chief executive officers.
TITLE XI—CORPORATE FRAUD AND ACCOUNTABILITY
Sec. 1101. Short
title.
Sec. 1102. Tampering with a record or otherwise impeding an
official proceeding.
Sec. 1103. Temporary freeze authority for the
Securities and Exchange Commission.
Sec. 1104. Amendment to the
Federal Sentencing Guidelines.
Sec. 1105. Authority of the
Commission to prohibit persons from serving as officers or directors.
Sec. 1106. Increased criminal penalties under Securities Exchange Act
of 1934.
Sec. 1107. Retaliation against informants.
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