Three years ago Sarbanes-Oxley was put into play to enforce those transparent financial controls over a company's activities. Credit Enron and Worldcom with unearthing all those lack of controls that served as the springboard for such a regulation.
Of course, this does not belong solely to the United States as the Third EU Anti-Money Laundering Directive and the EU 8th Directive soon followed after the Greek Parmalat matter that drove compliance issues to the top of the heap in Europe.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access