CPE Self-Study

SEC Investigations: Are There Benefits to Cooperation and Self-Reporting?

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    SEC Investigations: Are There Benefits to Cooperation and Self-Reporting? Backordered Product #: 165560
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When fraud is identified, or suspected, in an organization, companies and their boards are not always aware of what steps to take. Should they conduct a thorough internal investigation, or should they alert the Division of Enforcement at the Securities and Exchange Commission (SEC) about a potential securities law violation? Are there tangible benefits to self-reporting to the SEC?

The SEC's Division of Enforcement's formal cooperation program includes various measures designed to encourage individuals and companies to provide assistance to SEC investigators. Depending on the level of cooperation, benefits may accrue to those who are proactive.

In this course, panelists have an impactful discussion and explore what questions boards and company management should be asking of their counsel, their chief compliance officers, chief audit executives, and external auditors. At what point should the SEC be informed of potential misconduct? What are the risks if a company does not self-report? Kara Brockmeyer, SEC Foreign Corrupt Practices Act Chief, will share information on the SEC Cooperation Program, including recent enforcement actions involving cooperation agreements, and how the Commission defines "cooperation."

Learning Objectives

This course will prepare you to do the following:

  • Gain insight into when to self-report fraud or suspected fraud to the SEC
  • Identify how companies may benefit from participating in the SEC's Enforcement Cooperation Initiative
  • Recognize factors to consider before approaching the SEC
  • Understand what is considered cooperation by the SEC

Who Will Benefit

  • External/internal auditors
  • Board members
  • Financial executives
  • Compliance professionals
  • Securities lawyers

About the Authors

Center for Audit Quality

About the Publisher


About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

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