Santa Clara University

Benson Memorial Center

How Public Companies Can Address the Ethical Issue that Arise During an SEC Investigation - March 5

Mar 5, 2014
11:30 a.m. - 1:30 p.m.
Crowne Plaza Palo Alto
Markkula Center for Applied Ethics ; Morrison & Foerster

Concerned that financial fraud by companies may be continuing despite safeguards put in place under Sarbanes-Oxley, the SEC has announced that it will be taking a new and more active look at the financial reporting and disclosures of public companies. This new initiative is being spearheaded by the SEC’s Division of Enforcement, and its recently created “FRAud” (Financial Reporting and Audit) Task Force.

As a result of the SEC’s renewed enforcement efforts, public companies, officers and directors, and auditors can expect an increase in the number of investigations being conducted. The SEC will be taking advantage of whistleblower tips, market surveillance data, private lawsuits, industry sweeps and public filings in determining which companies will be subject to investigation. As a result, companies are at significant risk of being on the receiving end of an SEC subpoena. Being ready for the SEC, knowing how to respond to the staff, and understanding the ethical issues that arise are critical for companies in successfully navigating through an investigation.

Our panelists include SEC enforcement officials, outside counsel, auditors and ethics experts who will discuss recent developments at the SEC and what these mean to public companies and their officers and directors. During this program, our speakers will address:

Topics Will Include:

*The current financial reporting and accounting priorities at the SEC
*How to be prepared for an SEC investigation
*What to do when the SEC calls
*The ethical issues surrounding an investigation

This program is intended to help companies and their executives understand how and why the SEC opens an investigation, and how companies can best position themselves in the event of an investigation. Given the SEC’s aggressive rhetoric concerning financial reporting, understanding these issues is imperative for companies and their executives. Join the Markkula Center for Applied Ethics as we host a series of briefings to help companies get insight into the “black box” that often is an SEC investigation.


Michael Dicke, Associate Regional Director for Enforcement, U.S. Securities and Exchange Commission, San Francisco (March 4)
Steven Buchholz, Assistant Director for Enforcement, U.S. Securities and Exchange Commission, San Francisco (March 5)
Jim Balassone, Executive in Residence, Markkula Center for Applied Ethics, Santa Clara University
Randall J. Fons, Partner, Morrison & Foerster, Denver
Jim Meehan, Partner, PwC, San Francisco
Chris Paisley, Board and Audit Committee Member, Volterra, Equinix, and 3Par (March 4)
Christine Russell, Board and Audit Committee Chairs of Peak International and Quick Logic (March 5)

Who Should Attend:

CEOs and CFOs
General Counsel
Compliance Officers; Internal Auditors; Audit and Governance Committee Members
Members of Boards

Free and Open to the Public

This invitation is transferable and open to colleagues and guests.

For more information:
Jill Stolarik

More Information
Jim Balassone
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