December 02, 2004
PCAOB Calls on Whistleblowers to Talk
There are no longer any excuses to say that you did not know where to call if fraud is detected. Sarbanes-Oxley has made it obvious and available to report fraud. It will be interesting to see if there is an increase in such reports. But it certainly is a good try. Some fraud will never be detected without the knowledge of insiders. Where there is collusion or really perfect fraud, it may be impossible to detect without the help of those who have the facts.
For an excerpt on an article on this topic, read here:
"The Public Company Accounting Oversight Board (PCAOB) has made it easier to submit enforcement tips and complaints via a new online form (www.pcaobus.org/tips), email (tips@ pcaobus.org), or toll-free number (800.741.3158). The new system allows individuals to easily provide information concerning any matter relating to the board and its responsibilities under the Sarbanes-Oxley Act of 2002.
"As the recent scandals have shown, individuals with integrity do often step up and take a stand when they see misconduct taking place," said Claudius Modesti, PCAOB director of enforcement and investigations. "We want to make sure that these individuals have an easily accessible way of reporting any information that they might have."
For the complete article, click here.
To see how your organization can affordably and effectively comply with Sarbanes-Oxley, click www.issuescentral.com to see how Issues Central Sarbanes-Oxley Compliance Playbook(tm) can make the compliance task easier and more effective.
For an excerpt on an article on this topic, read here:
"The Public Company Accounting Oversight Board (PCAOB) has made it easier to submit enforcement tips and complaints via a new online form (www.pcaobus.org/tips), email (tips@ pcaobus.org), or toll-free number (800.741.3158). The new system allows individuals to easily provide information concerning any matter relating to the board and its responsibilities under the Sarbanes-Oxley Act of 2002.
"As the recent scandals have shown, individuals with integrity do often step up and take a stand when they see misconduct taking place," said Claudius Modesti, PCAOB director of enforcement and investigations. "We want to make sure that these individuals have an easily accessible way of reporting any information that they might have."
For the complete article, click here.
To see how your organization can affordably and effectively comply with Sarbanes-Oxley, click www.issuescentral.com to see how Issues Central Sarbanes-Oxley Compliance Playbook(tm) can make the compliance task easier and more effective.
