Why Employee Confidential, Anonymous Reporting Mechanisms are Necessary
Like a computer network and a website, an employee hotline was once
just a good idea that top companies had adopted. Now it's become a
mandatory part of doing business.
By Jacob Blass, President
Employee Fraud Looms as Major Threat to Business Owners
Why should you care about ethics in the workplace? Well, besides it being the right thing to do, it can save you a lot of money and heartache. A company with fewer than 100 employees that experiences employee fraud suffers a median loss of $98,000, according to a 2004 study from the
Association of Certified Fraud Examiners.
How Sarbanes-Oxley Can Affect Your Organization
The late 90s and early part of this century found the country rocked by
corporate scandals of an unprecedented nature. Congress mobilized to
meet the crisis of shaken investor confidence by creating The
Sarbanes-Oxley Act of 2002, which forced publicly traded companies to
adopt policies and procedures regarding fraudulent activity. Read about
it
here.
By Jacob Blass, President
Global Trend: More Science, More Fraud
New York Times Report on the Increasing Cases of Fraud in Scientific Research
Board Oversight: Core Recommendations from the Natl Assoc of Corporate Directors
The National Association of Corporate Directors (NACD) is an independent,
not for profit organization dedicated exclusively to improving corporate board
performance. In 2006, they identified recommendations to the SEC and
NASDAQ to improve board performance in light of Sarbanes Oxley.
The Race to Stay Ahead of the Regulators in Europe
After scandals shook much of the Continent, many companies started to police themselves voluntarily. But now lawmakers are setting new rules and playing catch-up.
Little-Noticed SOX Provision Gains Traction
Two-and-a-half years after the passage of the Sarbanes-Oxley Act, a little noticed provision on whistleblowing is gaining traction.
Fraud Prevention on Top of Agenda for Corporate Boards in 2005
Sarbanes-Oxley Compliance Journal
AICPA Addresses Fraud in Audit Committee Guidance
As part of its ongoing fraud-prevention program, the American
Blowing the Sarbanes-Oxley Whistle
...many [public companies] have paid too little attention to
Independent Experts Emerge as the Boards Best Friend
Corporate Board Member