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 has become 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.
A. 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.
B. 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:
1. The official presentations we use in our instructor-led classes (2247 slides – the 1271 slides cover what is needed for the exam and 976 slides cover the Dodd Frank Act that is not part of the exam).
Updated: February 17, 2011.
The presentations include the Auditing Standards 8 to 15 that apply to
Sarbanes Oxley audits, from the PCAOB (the Auditor’s Assessment of and
Response to Risk and Related Amendments to PCAOB Standards).
2. 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
3. Personalized Certificate printed in full color.
Processing, printing, packing and posting to your office or home.
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.
How to become a member Sign up for our Email Newsletter and become a member. Please write your email address at the box below and press GO. You will become a member of the Sarbanes Oxley Compliance Professionals Association (SOXCPA). Membership is Free. You will also receive a monthly newsletter with risk and compliance management news, alerts and opportunities.
Become a Member
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