Fraud Deterrence

Fraud deterrence has gained public recognition and spotlight since the 2002 inception on the Sarbanes-Oxley Act. And large number of reforms enacted by means of Sarbanes-Oxley, one major objective was to get back public confidence inside the reliability of financial markets inside the wake of corporate scandals like Enron, WorldCom along with Waste Management. Section 404 of Sarbanes Oxley required that public companies provide an independent Audit of internal controls above financial reporting.