One of the main purposes of the Sarbanes Oxley Act of 2002 was to make
the leadership teams of the different organizations more responsible for
their financial data that is released. With this in mind, what
involvement did the leadership have in this fraud, if any? If the
leadership team was not involved, do you feel they did everything
possible to stop untruthful information from being reported as required
by the SOX Act?
In this course, we have studied several different
types of fraud. What type of fraud do you believe occurred with this
company? What evidence supports this type of fraud was committed?
Information on the external auditors hired by the company as it relates to the fraud.
Penalties
imposed and/or potential penalties. In addition to the consequences for
those directly involved in the fraud, how have the other employees and
the community been impacted?
Any attempt by the company to change its actions.
Based
on the changes you have identified that organization has added, what
additional recommendations do you have for this organization to prevent
this fraud from happening again?
No comments:
Post a Comment