Remove 2001 Remove Application Remove Audit
article thumbnail

Internal Controls to Prevent Financial Statement Fraud

Reciprocity

energy company coasted on accounting fraud until it imploded in 2001, leading to the passage of the Sarbanes-Oxley Act the following year. Internal controls assure the audit committee, board of directors, and senior management that the company’s financial reporting is reliable and compliant with applicable laws and regulations.

Audit 52
article thumbnail

Internal Controls to Prevent Financial Statement Fraud

Reciprocity

energy company coasted on accounting fraud until it imploded in 2001, leading to the passage of the Sarbanes-Oxley Act the following year. Internal controls assure the audit committee, board of directors, and senior management that the company’s financial reporting is reliable and compliant with applicable laws and regulations.

Audit 52
article thumbnail

VMware vs. OpenStack: Choosing the Right Cloud Management Solution

Pure Storage

The company gained major attention in 2001 with the release of VMware ESX Server (now known as VMware ESXi Server ), a hypervisor-based platform that revolutionized server virtualization. History and Development Its flagship product, VMware Workstation, enabled users to run multiple operating systems on a single physical machine.