Remove 2001 Remove Authorization Remove Evaluation Remove Mitigation
article thumbnail

Internal Controls & Fraud Prevention

Reciprocity

So what can your organization do to minimize the possibility of fraud and mitigate its potential harm? These consequences came to pass when the Enron scandal broke in 2001. The collapse of Enron, along with several other corporate frauds circa 2001, led to enactment of the Sarbanes-Oxley Act in 2022. Strong internal controls.

Audit 52