Sections 806, 902 and 906 of the Sarbanes-Oxley act all have critical implications to companies working to comply with the Act.
Sections 806, 902, and 906 of the Sarbanes-Oxley act all have critical implications to companies working to comply with the Act. In fact, many people would contest that the topics addressed in these sections go to the heart of why the legislation was established – because of the instances of corporate misdeeds.
According to the Wall Street Journal, the Securities and Exchange Commission's (SEC’s) whistleblower program has generated tips from more than 6,500 people from at least 68 countries, resulting in more than $150 million in restitution and fines and more than $15 million in bounty payments to the whistleblowers.
Each of these acts addresses specific criteria to protect whistleblowers and helps bring confidence and assurance to investors through requirements of certifications, specification of penalties for non-compliance, and protection for whistleblowers.
Note: Information within this course comes from readily available public domain documents and is utilized by the trainer as a supplement for relaying the course content.
Field of Study: Specialized Knowledge
Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 24 years of her experience has been working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. In 2011, as the Chief Audit Executive for an international construction/ engineering firm, she was involved in the active investigation of a joint venture fraud. The investigation included work with the FBI and ultimately led to indictment of the perpetrators and recovery of $13M. Ms. Fountain is currently engaged in her own training and consulting business and is a regular trainer for the AICPA. Ms. Fountain is the author of three separate technical books. “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations” was published by the Institute of Internal Auditors Research Foundation. -“Leading The Internal Audit Function” and -“Ethics and The Internal Auditor Political Dilemma” were published by Taylor & Francis In addition Ms. Fountain was a contributing author to the certification program exam for the National Association of Accountants. She also has certificate programs on various on-line platforms. Ms. Fountain has performed as an adjunct instructor for the School of Business for Grantham University and developed the first internal audit curriculum for the School of Business at the University of Kansas. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate (non-active).
