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The European flavour of the Sarbanes
Oxley Act:
European Sarbanes Oxley - The 8th Company Law Directive
Which is the real reason behind the 8th Company Law Directive?
A. The need for better corporate governance and for more effective
audits?
B. An effort to make the EU market more competitive and to attract
more investors?
C. An effort to avoid some of the extraterritorial provisions of
U.S. laws like Sarbanes-Oxley? For example, EU finance ministers
have raised concerns about U.S. authorities’ access to a European
firm’s audit work papers.
D. An effort to impose extraterritorial obligations just like
Sarbanes-Oxley? For example, several non-EU companies now raise
concerns about EU authorities’ access to their audit work papers.
E. A post Sarbanes-Oxley regulatory retaliation?
F. The competition with the Offshore Financial Centers which, one
more time, try to enact new legislation to respond and to persuade
the EU that they enforce the same or equivalent measures.
G. An opportunity to regulate the EU market (and all the foreign
companies listed in EU) and to restore investor confidence?
Perhaps all the above!
1. It is good to start from the European Union's Financial
Services Action Plan:
The Financial Services Action Plan
There are 42 original measures: Some are non-legislative, a few
are regulations, and there are almost 30 directives. Over 20 of
the original measures are likely to affect the financial sector.
www.financial-services-action-plan.com
2. Next step: The 8th Company Law Directive, the European answer
to Sarbanes-Oxley
The 8th Company Law Directive is similar to the US Sarbanes Oxley
Act. This directive is called the European Sarbanes Oxley.
Although there are important similarities, there are also very
important differences. The directive in an easy to read format.
www.8th-company-law-directive.com
3. Next step: Presentations and Training
8th Company Law Training and Presentations
Similarities and differences between 8th Company Law Directive of
the European Union and the Sarbanes-Oxley Act of the USA.
Implementation and compliance training and presentations.
www.8th-company-law-training.com
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Certified
Sarbanes-Oxley Expert (CSOE)
distance learning and
online certification program
The
Cost:
US$
147
What is included in this
price:
A.
The
official presentations we use in our
instructor-led classes (1015 slides)
Course Synopsis:
www.sarbanes-oxley-association.com/CSOE_Course_Synopsis.htm
B.
Up to
3 Online Exams
There is only
one exam you need to pass, in order to become
a
Certified
Sarbanes-Oxley Expert (CSOE).
If you fail, you must study again
the official presentations, but you do not
need to spend money to try again. Up to 3 exams are included in
the price.
To
learn more you may visit:
www.sarbanes-oxley-association.com/Questions_About_The_Certification_And_The_Exams_1.pdf
www.sarbanes-oxley-association.com/CSOE_Certification_Steps_1.pdf
C.
Personalized Membership Certificate printed in full colour
Processing, printing,
packing and posting to your office or home
To
learn more:
www.sarbanes-oxley-association.com/Distance_Learning_and_Certification.htm
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