Summary
Five years ago, in the wake of the Enron and WorldCom scandals, Sarbanes-Oxley (SOX) was enacted to prevent financial fraud. However, a recent survey of more than 80 US fraud examiners indicates that most believe fraud is more prevalent today than it was in 2002 when SOX was introduced. Three-quarters of respondents to Oversight Systems' most recent annual study on corporate fraud said institutional fraud was more prevalent today, compared with two out of three respondents in a 2005 survey. Only 3% respondents felt that fraud was less prevalent.
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Extract
Corporate Fraud On the Rise Despite Sox
Five years ago, in the wake of the Enron and WorldCom scandals, Sarbanes-Oxley (SOX) was enacted to prevent...
See the full content of this document
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