April 04, 2006
Internal Control Provisions of Sarbanes-Oxley "Flushing Out" Bribery
It seems that another one of the consequences of SOX is a renewed look at bribery and its corrosive effects. According to the following April 3, 2006 article (Coming Clean About Bribery) found at CFO.com, there is a dramatic increase in formal disclosures as to violations of the Foreign Corrupt Practices Act (FCPA) as it relates to bribery. The improved internal control activities driven by SOX are the primary reasons for this increase.
To further view this article at CFO.com please click here .
To improve your organization's internal controls over financial reporting learn more about the Compliance Playbook(R) at www.issuescentral.com. If you are a Canadian-based publicly traded firm, please go to www.compliancepartner.ca to learn more about the Compliance Partner(tm) product offering.
To further view this article at CFO.com please click here .
To improve your organization's internal controls over financial reporting learn more about the Compliance Playbook(R) at www.issuescentral.com. If you are a Canadian-based publicly traded firm, please go to www.compliancepartner.ca to learn more about the Compliance Partner(tm) product offering.
