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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. SOX,” as the law is known, is intended to reduce the risk of accounting fraud and unreliable financial reporting among publicly traded companies – but financial fraud can still happen.

Audit 52
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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. SOX,” as the law is known, is intended to reduce the risk of accounting fraud and unreliable financial reporting among publicly traded companies – but financial fraud can still happen.

Audit 52
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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. These auditors must know how to assess fraud risk. Leverage ZenRisk to Mitigate Fraud Risk in Your Organization.

Audit 52
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Fire and Rain: Adapting to an Era of Global Instability 

MHA Consulting

Geopolitical risk is arguably at the highest level it’s been in 50 years. Try a Dose of Risk Management A World in Tumult There’s a consensus among the key executives I’ve talked to recently: the current global environment contains more risk for organizations than at any time in the last half century. counterparts.