Remove 2001 Remove Authorization Remove Evaluation
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. Risk assessment to evaluate risks associated with the various procedures and data sources used to produce the company’s financial reporting. Review the check register or general ledger.

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. Risk assessment to evaluate risks associated with the various procedures and data sources used to produce the company’s financial reporting. Review the check register or general ledger.

Audit 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Breakthrough Innovation to Help Overcome Today’s Public Safety Challenges

everbridge

According to the EM-DAT Emergency Event Database, there were 432 natural hazard-related incidents in 2021, compared to an average of 357 annual catastrophes for the period 2001-2020. Public warning technologies have been widely discussed, tested, and evaluated. billion in damages ( [link] ). Understand who is affected.

Alert 69
article thumbnail

Internal Controls & Fraud Prevention

Reciprocity

These consequences came to pass when the Enron scandal broke in 2001. The collapse of Enron, along with several other corporate frauds circa 2001, led to enactment of the Sarbanes-Oxley Act in 2022. When news broke about a massive financial misstatement fraud at Enron, its share price quickly collapsed from around $90 to less than $1.

Audit 52
article thumbnail

SIA New Member Profile: The Homeland Security Consulting Group

Security Industry Association

11, 2001, I was working as a U.S. I was asked to lead the program, providing technical evaluations of the products and services submitted for evaluation, and after several years I left for the private sector to become a consultant to help the applicants through the SAFETY Act process. Tell us the story of your company.