| Is
compliance a numbers game?
Senator Paul S Sarbanes, co-author of the Sarbanes-Oxley
Act, thinks so. He identified that $6 trillion had been
lost in shareholder value prior to the introduction of the
Act. That is what prompted him to introduce the legislation.
The Association of Certified Fraud Examiners also agrees.
It claims that $660 billion is lost annually through internal
fraud in the US alone.
Independent research by audit firms indicate fraud is prevalent
in the majority of businesses interviewed.
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