The Ethics Of Fraud -- Sarbanes-Oxley

Fraud is a problem that cannot be legislated away. Additional regulations cost companies more money, but often don't add any substantive benefits related to fraud prevention and detection.

Fraud prevention is enhanced by moving toward a more ethical corporate culture in conjunction with policies and procedures that truly prevent fraud. Substantive internal controls specifically designed to reduce and eliminate fraud are the key. Companies should actively work toward improving anti-fraud efforts with or without regulations because fraud prevention is good for business.

Tracy Coenen