Experts Available to Discuss Survey on Corporate Fraud, Sarbanes-Oxley’s Fifth Anniversary
0 Comments Published by claudia June 18th, 2007 in SOX, North America, Sarbox Tags: accounting scandals, certified fraud examiners, corporate fraud, sarbanes oxley act, survey participants, wall street, worldcom.TOPIC: An annual study by Oversight Systems found approximately 75 percent of certified fraud examiners claimed institutional fraud is more common now than five years ago according to an article by Wall Street and Technology. Four out of five survey participants cited the pressure “to do whatever it takes to meet goals” as the most common reason for corporate fraud. July 2007 marks the fifth anniversary of the Sarbanes-Oxley Act, which was passed in 2002 in an effort to prevent and deter accounting scandals, such as those that occurred with Enron and WorldCom.
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