January 26th, 2008
the purpose of sarbanes oxley and avoidance of fraud
There is so much scope for fraudulent acts to be committed in the corporate sector today, that it is necessary to take sufficient steps to avoid the same. The purpose of sarbanes oxley act is felt quite acutely when one realizes that prevention of fraud is a lot better than having to find ways of coping with the punishments for various kinds of frauds that are committed. Auditors of firms will also be able to give a clear view on what the purpose of sarbanes oxley act is; an easy to understand view is one that is aimed for.