Oversight Systems Inc. announced the findings of its 2005 Report on Corporate Fraud, a survey of certified fraud examiners. The report explains that most fraud examiners view the provisions of Sarbanes-Oxley to be an effective tool in fraud identification, though few think it will change the culture of business leaders.

The survey results (available at www.oversightsystems.com/survey) indicate that 65 percent of respondents feel SOX has been either "somewhat" or "very" effective in identifying incidences of financial-statement fraud. Only 19 percent of those surveyed found SOX to be ineffective.

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