Description

The Sarbanes-Oxley Act is a mandatory requirement for all corporations listed in the US. Compliance is not an option.

This book is written as a “working manual” for the senior management to grasp the Act and its implications. It provides a section by section overview of the Act and the appropriate action to take in each case. The companion website accompanying the book provides Certification templates, a “What to do” and “Check” List and a description of the COSO Framework – the most popular Internal Control System framework.

There is coverage of how UK companies listed in, or doing business with America also have to comply with the Sarbanes-Oxley Act. A description of the UK version of SOX is also included.

The Appendix describes the (minor) variations for Canadian listed corporations based on Ontario Securities Commission and British Columbia Securities Commission rules.

Key Features

  • A simple explanation of the Sarbanes-Oxley Act for senior management looking for a no-nonsense guide
  • Provides a systematic procedure for compliance
  • Companion website includes templates and checklists to ease understanding and preparation for compliance

Readership

CFOs (Chief Financial Officers); CIO (Chief Information Officers); Senior Management (Management Accountants) and Boards of small to medium sized corporations (and emerging companies anticipating an IPO or acquisition/merger in the future) both in North America and the UK/Europe.

Table of Contents

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. PRE-APPROVAL 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 TR

Details

No. of pages:
160
Language:
English
Copyright:
© 2005
Published:
Imprint:
CIMA Publishing
Print ISBN:
9780750668231
Electronic ISBN:
9780080460840

About the editor

Michael Holt

Michael F. Holt is a Senior Technical and Business Documentation specialist with over thirty years experience. Mike's specialty lies in his ability to take complex and specialized concepts, documents and proposals, and present them in a clear, attractive and easily understood manner.

Affiliations and Expertise

Senior Technical and Business Documentation specialist, Victoria, BC, Canada

Reviews

"Michael Holt has created an incredibly useful toolkit for understanding the basics of the Sarbanes-Oxley Act. It's especially attuned to the needs of non-financial experts who must grasp the fundamentals and key issues. A must-read for decision-makers." --Rick Telberg, principal, Bay Street Group LLC, analysts and advisors to the accounting industry

"...a 'working manual' that leads you through the act section by section, with the appropriate actions to take for each. It also includes checklists and a section on the COSO Framework, as well as details on the ramifications SOX has for Canadian and UK firms. As if that weren't enough, it comes with a CD containing templates of all the forms in the book, and a PowerPoint presentation of compliance requirements." --Accounting Today