Posted in SOX WhistleBlowing in the news
at 18/02/2008
PROVEN FACT: SOX Whistleblowers Expose Corporate Fraud
Kudos right back to SoxFirst for its recent discussion of an interesting paper written by Adair Morse and Luigi Zingales and Alexander Dyck entitled Who Blows the Whistle on Corporate Fraud? As SoxFirst summarizes, the article discusses an indepth study of all reported cases of corporate fraud in companies with more that 750 million dollars in assets between 1996 and 2004.
Employee Whistleblowers were the highest contributors to fraud detection. The article also found that monetary incentives for detection of frauds against the government influence detection without increasing frivolous suit. The article encourages extending more incentives to corporate whistleblowers.
The “proof is in the pudding” and in this article. The problem continues to be corporate fraud and SOX Whistleblowers are the answer.
SOX WHHISTLEBLOWERS deserve our encouragement, help AND MORE SARBANES-OXLEY PROTECTIONS!!!
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