SOX: Authoritative Bodies

Field: Auditing | Delivery Method: Self Study | CPE Hours: 1.5

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Prior to the Sarbanes-Oxley Act of 2002, public accounting firms were unregulated. Their activities were monitored by the American Institute of Certified Public Accountants. With the passing of the Act, Congress established the Public Companies and Accounting Oversight Board (PCAOB). The Board is tasked with the oversight of the public accounting firms for issuer companies and ensuring the SOX legislation is appropriately applied.


Understanding origin of legislation and authoritative bodies along with their powers is important to complying with the Act. Both the PCAOB and the SEC are important organizations related to Sarbanes-Oxley and their history, powers of authority and ability to assess sanctions and fines is something that organizations should be integrally familiar with. This course will provide a detailed outline of the roles and responsibilities of those organizations as well as some background information. Lesson objectives include:

  • Authoritative body background
  • Understanding the SEC and PCAOB relationship
  • PCAOB History
  • PCAOB responsibilities and authorities
  • Timeline of PCAOB Actions
  • Penalties for SOX non-compliance
  • PCAOB update

Field: Auditing
CPE: 1.5
Delivery Method: Self-Study
Format: Video



Your Instructor


Lynn Fountain
Lynn Fountain

Consultant, CPA, CGMA, CRMA, MBA, Past Chief Audit Executive

Business Consultant, Trainer, Author


Ms. Fountain has over 40 years of experience spanning public accounting, industry accounting and consulting. Sixteen years of that experience has been in the field of internal audit, risk managment and process improvement. She is well adept to assist your organization evaluate business strategy, perform risk assessments, establish a Sarbanes-Oxley process, synergizing internal audit processes or perform process improvement projects.


As a past corporate executive Lynn has a passion for working with professionals to enhance their processes and provide leading edge education. She has authored and delivered hundreds of training courses for accounting, finance and audit professionals. Her training is filled with not just theory but real world application.


Ms. Fountain has authored three technical publications:

-Leading the Internal Audit Function 

-Raise the Red Flag

-Ethics and the Internal Auditor's political dilemma


Lynn is a recognized leader in the internal audit profession as well as a recognized business professional.  


Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has active, current CPA, CGMA, and CRMA credentials.


https://www.lynnfountain.net/


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