SEC Accounting and Auditing Compliance Series

The U.S. Securities and Exchange Commission (SEC) was founded by President Franklin D. Roosevelt in 1934. It was created by Section 4 of the Securities Exchange Act of 1934. It is comprised of a large independent agency of the United States federal government that was created following the stock market crash in the 1920s to protect investors and the national banking system. The primary purpose of the SEC is to enforce the law against market manipulation.
As outlined in our introductory course, SEC Structure and Responsibility, there are many compliance rules and regulations that publicly traded companies must follow. In addition, the SEC has far reaching powers in the oversight of the various legislations and can assess penalties to companies (or accounting firms), who do not adequately comply with those mandates.
The Commission's rulemaking process is intended to ensure that aspects of regulatory changes are analyzed before a change takes effect. A need for rulemaking can be identified internally by the Commission or externally by Congress, another government agency, private industry or the general public.
As part of the SEC mission to protect investors, the SEC outlines an abundance of reporting requirements for publicly traded companies. This course will delve into Regulation S-X, S-K and 8K that lays out reporting requirements for various SEC filings used by public companies.
A 10-K is a comprehensive report filed annually by a publicly-traded company about its financial performance and is required by the SEC. The report contains much more detail than a company's annual report which is sent to its shareholders before an annual meeting. Some of the information a company is required to document in the 10-K includes its history, organizational structure, financial statements, earnings per share, subsidiaries, executive compensation, and any other relevant data.
Total: 5 courses (10 CPE hours)

Fees
Regular Fee $229.00

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