November 24, 2005
Fraud is Everywhere...Maybe the UK needs some Sarbanes-Oxley
Not too long ago, Tony Blair came out strongly against Sarbanes-Oxley. We wrote about this "nosiness" on this blog. One wonders if continued reports of fraud coming out of the UK may make Tony wonder if the UK needs to do more on this front. Fraud is everywhere Tony! It is just a matter if you tolerate it or whether you want to root it out.
An excerpt on fraud in the UK:
"Compass Group Is Under Review by U.K. Fraud Office
Nov. 24 (Bloomberg) -- Compass Group Plc, the world's largest caterer, is under review by the U.K.'s Serious Fraud Office amid allegations in the U.S. of corruption in some contracts awarded by the United Nations.
The SFO, part of the U.K. criminal justice system, said it will assess whether a closer inspection of Chertsey, England-based Compass is appropriate and if so, by which investigating authority.
``The SFO has a duty to record and consider reports of possible overseas corruption involving U.K. persons and/or corporate entities,'' the government group said today in an e- mailed statement. ``Consequently, we have noted the reports concerning Compass and will in due course come to a view.'' For the complete article click here.
If your company needs to comply with Sarbanes-Oxley or the Canadian equivalents, MI-52-109/MI-52-111, see www.issuescentral.com for more information on how to cut cost on your compliance efforts and fully adhere to the legislation.
An excerpt on fraud in the UK:
"Compass Group Is Under Review by U.K. Fraud Office
Nov. 24 (Bloomberg) -- Compass Group Plc, the world's largest caterer, is under review by the U.K.'s Serious Fraud Office amid allegations in the U.S. of corruption in some contracts awarded by the United Nations.
The SFO, part of the U.K. criminal justice system, said it will assess whether a closer inspection of Chertsey, England-based Compass is appropriate and if so, by which investigating authority.
``The SFO has a duty to record and consider reports of possible overseas corruption involving U.K. persons and/or corporate entities,'' the government group said today in an e- mailed statement. ``Consequently, we have noted the reports concerning Compass and will in due course come to a view.'' For the complete article click here.
If your company needs to comply with Sarbanes-Oxley or the Canadian equivalents, MI-52-109/MI-52-111, see www.issuescentral.com for more information on how to cut cost on your compliance efforts and fully adhere to the legislation.
