Lesson: Goals of SOX 2002

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In this lesson, Nick Palazzolo, CPA, discusses the goals of the Sarbanes-Oxley Act (SOX) of 2002, which aims to improve investor confidence by facilitating greater transparency in internal controls. He emphasizes the importance of understanding the competency of the audit committee and compliance of senior officers through a code of conduct. Nick also clears potential misconceptions by highlighting that SOX does not focus on profitability or the growth of a company, but rather on proper financial reporting and risk management.

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Ethics & Independence
Module: 3 Concepts, 42 Videos
AICPA Code of Professional Conduct Overview
1:04
AICPA Code of Professional Conduct Objectives
2:42
Introduction to AICPA Code of Professional Conduct
1:55
AICPA Requirements of Independent Auditors
2:06
Integrity and Objectivity
2:37
Form of Organization and Name Rule
3:22
Auditor Independence Impairments
19:22
Acts Discreditable to the Profession
2:11
AICPA Code of Professional Conduct
2:32
Client Records and Confidentiality
2:39
Contingent Fees
2:43
AICPA Code of Professional Conduct Summary
0:46
AICPA Rules and Standards Summary
7:19
AICPA Code of Professional Conduct Practice Questions
10:46
PCAOB & SEC Requirements Overview
0:23
PCAOB & SEC Requirements Objectives
1:05
Introduction to PCAOB and SEC Requirements
2:35
Overview of the Sarbanes-Oxley Act of 2002
4:44
SOX 2002 Penalties
2:45
Audit Partner Rotation
3:07
Goals of SOX 2002
0:56
Audit Committee and Financial Experts
4:55
Whistleblower Protections
1:20
Requirements of Management
4:30
Communication with Management and Those Charged with Governance
3:57
Conflict of Interest Provisions
1:41
Non-Audit Services Provided to an Audit Client
2:48
Recap of Sarbanes-Oxley Act of 2002
3:33
Independence Standards and Impairments
9:15
PCAOB and SEC Requirements
7:29
PCAOB & SEC Requirements Summary
0:58
PCAOB & SEC Requirements Practice Questions
9:34
Governmental Engagement Ethics Overview
0:23
Governmental Engagement Ethics Objectives
1:26
Introduction to Governmental Engagements
4:50
Independence Standards
2:09
GAGAS Ethical Principles
1:35
Threats to an Auditor's Independence
7:42
Employee Benefit Plans
2:41
GAAS vs. GAGAS vs. Single Audits
3:35
Governmental Engagement Ethics Summary
0:58
Governmental Engagement Ethics Practice Questions
13:49