Inside the Sarbanes-Oxley Regulations
The Sarbanes–Oxley Act of 2002 is a set of federal governmental regulations enacted following a surge of big business accounting scandals among the Enron Corporation, World Com, Tyco International, and others. The legislation is officially entitled the Public Company Accounting Reform and Investor Protection Act of 2002. Its provisions detail new, strict reporting regulations for all U.S. public company boards of directors and public accounting firms that report on their activities.
The guiding regulatory arm created in the Sarbanes–Oxley legislation is the Public Company Accounting Oversight Board, a private-sector, non-profit corporation charged with oversight of public company auditors to "protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports."
Other provisions of the regulations include the mandatory certification of all financial reports by companies' chief executive officers and chief financial officers (if applicable). Sarbanes–Oxley regulations prevent most personal loans to CEOs and other major financial officers while increasing criminal and civil penalties for insider trading or violations of securities laws. Maximum jail sentences and fines are increased for corporate executives who report untruthful financial statements. Auditors, under the act, are to be granted full impartiality and independence of any corporate organization listed on the stock exchanges.
Because of increased operating costs under Sarbanes–Oxley, many smaller companies who once publicly traded have de-listed to become privately held to avoid complying with the regulations. Act sponsors Senator Paul Sarbanes (D–Md.) and Rep. Michael G. Oxley (R–Oh.), are retiring after the current term.
| Schools are listed in alphabetical order by state then city. |
| University of Phoenix |
[Online] |
Whether you’re seeking an associate’s, bachelor’s, master’s or doctoral degree, University of Phoenix can help you reach your goal much sooner than you might expect.
Programs:
BS in Business/Accounting
BS in Business/Finance
MBA/Accounting
Single Courses - Finance
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| ECPI Online |
[Online] |
A tech degree from ECPI means success in the real world. For over 36 years, ECPI has taught courses that focus on the skills employers need.
Programs:
Accounting Systems Administration
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| Ellis University |
[Online] |
Looking to take your career to another level? Ellis University, developed in association with New York Institute of Technology, gives you the opportunity to earn your undergraduate degree, graduate degree, or advanced certificate, all online, on your terms. Choose from a wide range of programs in fields such as Accounting, Business Administration, Advertising, Computer Science, Education and more.
Programs:
A.A.S. - Accounting
BS - Finance
BS - Managerial Accounting
BS - Professional Accounting
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| Everest College |
[Online] |
Advance your education and your career by earning your college degree. Everest College can help train you for a rewarding, long-term career in areas such as business, healthcare, legal studies, or technology. Get the skills employers are looking for and succeed beyond your wildest dreams. Financial aid is available to students who qualify.
Programs:
Accounting
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| Everest University Online |
[Online] |
Advance your career (or start a new one) without interrupting your life. At Everest University Online, you’ll get the tools to prepare for a better future. Earn your Associate’s, Bachelor’s, or Master’s degree in fields such as Business and Criminal Justice. Take classes at the times and places you choose, balance the demands of family and a career, and get personalized, one-on-one attention from expert instructors in your field of study.
Programs:
Accounting Associate
Accounting Bachelor
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| Indiana Business College |
[Online] |
Indiana Business College, with 12 campus locations across Indiana as well as a variety of online programs and courses, can help. We provide quality, career focused education in a variety of areas, including business, culinary arts, criminal justice, health sciences, information technology and veterinary studies. We also offer lifetime employment assistance to our graduates: over 90% of Indiana Business College grads are able to obtain employment within a year of graduation.
Programs:
Accounting
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| Kaplan University |
[Online] |
Earn your degree, advance your career, and achieve your goals with an online degree or certificate from Kaplan University. And do it all without missing a day of work. Kaplan University offers accredited online degree programs in Business, Criminal Justice, Technology and Design, and Paralegal Studies. Kaplan also offers Continuing Education, allowing working professionals to earn certificates in Forensic Nursing, Legal Nurse Consulting, Life Care Planning, and Financial Planning.
Programs:
A.A.S. in Business Administration/Accounting
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| Keiser University eCampus Online |
[Online] |
Keiser University eCampus Online offers degrees in fields that are in high demand and provides job placement assistance to all its students and alumni. We research trends for growing fields and tailor our curriculum to prepare students for entry and advancement to rewarding careers.
Programs:
Bachelor's - Accounting
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| Penn Foster Schools |
[Online] |
Looking for an edge in your career? Penn Foster offers affordable, career-focused distance education programs designed to give you the skills you need to launch a new career in one of today’s hottest, most in-demand fields. Study online, in print, or in combination, and take advantage of our expert faculty and friendly support staff. Program options include business, health services, technology, engineering, criminal justice, paralegal studies and many more.
Programs:
Finance and Business
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