This course introduces the history and meaning behind the Sarbanes-Oxley Act of 2002. In this course, you will learn about how the Act came to be and the many ways it improved accountability and ethical behavior among major companies. This course also information that sheds light on how the Sarbanes-Oxley Act changed the way auditors do business. You will learn why it is so important for auditors to remain independent and the steps they are legally required to take to maintain this independence. This course introduces the executive perspective regarding the Sarbanes-Oxley Act. In this course you will learn about the new responsibilities that were placed on management and auditors as a result of section 404 of SOX. You will also learn how section 802 penalizes executives found in violation of SOX and how section 1107 of SOX protects whistleblowers. This course concludes by explaining the effect the Sarbanes-Oxley Act had the on the financial industry. In this course, you will learn how SOX has both positively and negatively affected the U.S. financial industry.
