Fraud Mitigation and Biometrics Following Sarbanes-Oxley: Your Company Might Be Compliant, But You Are Still Exposed to Fraud!
Source: California State University
The old days of external auditors claiming that they are not responsible for detecting fraud and of managements depending upon management letters from external auditors for learning about weaknesses in their internal control systems have changed with the enactment of the Sarbanes-OXley Act (SOX). Following SOX, external auditors, corporate attorneys, directors, and managements of large companies have legal obligations to mitigate fraud. The full research paper will prove that even the company might be compliant; it is still exposed to fraud and major damages.