Rebecca Fike
Partner | Vinson & Elkins LLP
John A. Rademacher
Principal | Charles River Associates
Christopher W. Ahart
Senior Counsel | United States Securities and Exchange CommissionAccounting Fraud & SEC Investigations: Recent Enforcement Initiatives and Compliance Issues | On-Demand Webinar
Broadcast Date: Friday, Wednesday, January 11, 2023 | 3:00 pm to 4:00 pm (ET)
The Securities and Exchange Commission’s (SEC) recent investigation on the alleged accounting fraud committed by Synchronoss Technologies, Inc. and its several employees signals the Commission’s heightened enforcement scrutiny on individual accountability. Top executives are now faced with a notice for potential SOX 304 Reimbursement. This underscores the need to develop a robust internal control and compliance culture for financial reporting.
As the SEC’s enforcement activities continue to ramp up and the regulatory landscape remains uncertain, businesses must stay updated and be well-versed on any grounds that would result in potential liability risks.
Join experienced regulatory and compliance practitioners, John A. Rademacher (Charles River Associates), Rebecca Fike (Vinson & Elkins), and Christopher W. Ahart (U.S. Securities and Exchange Commission), as they provide a comprehensive discussion on the recent SEC enforcement actions and considerations for fostering an ethical culture and reducing compliance risks. Speakers, among other things, will also offer best practices and effective compliance strategies amidst the ever-changing legal landscape.
Key Topics:
- SEC Enforcement Actions on Accounting Fraud Cases: Individual Accountability and SOX 304 Reimbursement
- Analyzing Recent SEC Accounting Fraud Investigations
- Potential Implications and Risk Issues
- Best Practices and Compliance Strategies
- What Lies Ahead
Learning Objectives:
- Understand recent SEC enforcement initiatives to identify misconduct and stop accounting fraud.
- Determine the implications of Synchronoss Technologies, Inc.’s accounting fraud case and other notable developments.
- Identify potential risks and pitfalls as well as effective compliance and anti-fraud prevention strategies.
Agenda:
Christopher W. Ahart, Senior Counsel, United States Securities and Exchange Commission,
Rebecca Fike, Partner, Vinson & Elkins LLP
- SOX 304
- Important Points on SOX 304
- Synchronoss
- Conduct of Key Figures in Synchronoss Under SOX 304: Stephen G. Waldis, CEO
- Conduct of Key Figures in Synchronoss Under SOX 304: Karen Rosenberger, CFO
- Comparing Outcomes in Recent SOX 304 Cases
- The Seaboard Factors—How the SEC (Generally) Views Cooperation
- Seaboard’s Present Inapplicability to SOX 304
John A. Rademacher, Principal, Compliance Guru, Charles River Associates
- Fostering a culture of compliance through leaderships’ words and actions
- Coordinating an appropriate and thorough response to allegations of misconduct
- Reducing compliance risk through effective remediation of misconduct
- Demonstrating a commitment to integrity through organizational justice
- Ensuring efficient and trusted reporting mechanisms and complaint-handling processes
Who Should Attend:
- Financial Crime Lawyers
- Corporate Lawyers
- White-Collar Lawyers
- Securities Lawyers
- Finance Executives
- Financial Compliance Officers
- Financial Crime Investigators
- Fraud Risk Managers
- Fraud Investigators
- Compliance Professionals
- Fraud Analyst
- Internal Auditors
- Accountants
- General Counsel
CLE Credit:
Course Level: Intermediate
Advance Preparation: Print and review course materials | Method of Presentation: On-demand Webcast (CLE); Group-Internet Based
Prerequisite: General knowledge of financial reporting | Course Code: 1410307
NY Category of CLE Credit: Areas of Professional Practice | NASBA Field of Study: Accounting – Technical
Total Credit: 1.0 CLE | 1.0 CPE (Not eligible for QAS (On-demand) CPE credit)