The Role of Sarbanes Oxley Act in Curbing Corporate Fraud
2017, Tesco’s store portfolio included Tesco Extra, Superstores, Express, Metro, One Stop, online Stores as well as Petrol Stations (Colson, 2017). With some growth in budget rivals and the reduced non-food spending from consumers, Tesco appeared to have lost appeal to some of its customers. The company’s shares even lost its value by 49 percent as it continued to struggle in the competitive market with rivals Lidi and Aldi (Colson, 2017). Eight Tesco executives were suspended in October 2014 due to Fraud claims after the discovery was made on the company’s inflation of its profits by £250 million (Colson, 2017). Consequently, the… Continue Reading...