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Agreed, but we already have laws against fraud and bribery. The controls are the things that don't seem to be very effective at stopping fraud.
by mc32 5y ago
Agreed, but we already have laws against fraud and bribery. The controls are the things that don't seem to be very effective at stopping fraud.
- dymk 5y agoThe prosecution serves as a warning to those thinking they can do the same thing. Had these compliance laws not existed, there would be no incentive to _not_ commit fraud. Unless you think nobody is going to look at this and go “these are consequences that could apply to me”? SOX compliance builds a paper trail so crimes like this are recorded and uncovered.