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Enterprise Risk Management 2

Enterprise Risk Management

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Title: Enterprise Risk Management

Essay Details:

Subject: Miscellaneous

Author: John M

Date: October 18, 2013

Level: University

Grade: A

Length: 10 / 2767

Essay text:

These findings were then recommended to public companies, independent auditors, the Securities Exchange Commission and other regulators, and various educational institutions (COSO, 2008). Unfortunately, many organizations failed to follow these guidelines and millions of employees and shareholders were affected by fraudulent activities within these organizations. Enron, Tyco, WorldCom, and Adelphia were some of the companies who reported fraudulent information regarding returns on investments and operating capital. As a result of these companies using fraudulent methods in accounting, legislation was passed in the SOX Act to punish those who felt the need to betray those who had invested money and trust into the organization...

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