White Collar Crime Essay

Submitted By Lusowah
Words: 316
Pages: 2

How to implement SOX in a business environment (Lulu)
The Sarbanes-Oxley Act is a very multifaceted portion of legislation. When used properly the work can be leveraged to advance inner controls and threat management, consequently increasing the economy and better presentation for the company in general. Additionally, there are possible legal issues, non-compliance or unsuccessfully implemented compliance may have a harmful impact on the business’s stock prices. An intensive attempt by all affected is necessary for suitable completion.
In two years, a few businesses will have started to regulate, and merge major financial; get rid of unnecessary information systems and unite various proposals; reduce inconsistencies in details; make routine; decrease the handoffs; enhanced mix distant offices and acquisitions; teach the new employees faster; expand duties for controls; and do away with pointless controls. SOX-encouraged events are starting to be a pattern for falling in line with other legal rules.
In order to implement SOX in a business environment one would have to assemble the correct organizational approach in a business. Know that corporate fraud problem exist in this country. When the existence of fraud is known there can be anticipatory measures may be established to stop the issues that can lead to corporate fraud. Form tough ethical values in the business. In turn, to build sturdy ethical values and stay away from reason of doubtful and falsified behavior, the business…