accountable to the Board, the Board is accountable to the stakeholders. So, these accountabilities compel the company to carry out its actions versatilely. Also, Telstra’s reviewing and monitoring make sure that all employees behave under ethical standards when it comes to the workplace. That keeps the company away from any legal troubles. So, these recommendations … Read more
Senator Paul Sarbanes and Representative Michael Oxley drafted the Sarbanes-Oxley Act or “SOX” in 2002 in order to curb the incidence of corporate fraud. The “Act” was signed into law on July 30th 2002 by President George W. Bush with the express purpose of restoring public confidence in the financial markets; and after enacting “the … Read more
In this case, Dena Brenner, a young woman uses her position as Payroll Manager of the International Agricultural Seed Company, to commit fraud by paying the company’s payroll. What is interesting about this case is that the fraud was performed through of the use of a phantom employee that in this case was a former … Read more
