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CPE Self-Study
SEC Investigations: Are There Benefits to Cooperation and Self-Reporting?
NASBA FIELD OF STUDY
Ethics
LEVEL
Intermediate
CPE CREDITS
Online: 2.0
Gain insight into when to self-report fraud or suspected fraud to the SEC. In this CPE course, panelists explore what questions boards and company management should be asking of their counsel, their chief compliance officers, chief audit executives, and external auditors.

CPE On-Demand
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  • Windows 7 to present

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  • Mozilla Firefox

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Product details

Who Will Benefit

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

Learning Objectives

  • 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

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."

Ratings and reviews
Author(s)

Center for Audit Quality Anti-Fraud Collaboration

The Anti-Fraud Collaboration, comprised of the Center for Audit Quality, Financial Executives International, the National Association of Corporate Directors, and The Institute of Internal Auditors, promotes the deterrence and detection of financial reporting fraud through the development of thought leadership, awareness programs, educational opportunities, and other resources targeted to the unique roles and responsibilities of the primary participants in the financial reporting supply chain. For more information, visit www.AntiFraudCollaboration.org.

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

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CREDIT INFO
CPE credits
Online
: 2.0
NASBA Field of Study
Ethics
Level
Intermediate
Prerequisites
A basic understanding of Corporate Management, Risk Management, Internal Investigations and Corporate Governance.
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
CAQ6
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