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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.
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.
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