The Role of Sarbanes Oxley Act in Curbing Corporate Fraud
and finance director respectively, were accused of financial fraud while in their professional capacity which was considered abuse of office (Colson, 2017). Failure of the Company’s AIS to Prevent the Fraud The company’s management failed to maintain a system of internal controls to ensure reliable and accurate financial reporting. Ideally, after financial transactions are obtained aptly, they must be scrutinized for precision (Young, 2013). The cash receipts, cash disbursements, and job cost reports all must be revised to ascertain the accuracy of the quantities that the paperwork provides. If incorrect figures are forwarded into the Accounting Information… Continue Reading...
