Abstract
to be more accountable for the accuracy of their financial statements and for the internal controls surrounding the collection, measurement, and reporting of the information contained in these statements. Failures of financial institutions and widely publicized frauds within corporations such as Miniscribe, Phar-Mor, and Leslie Fay have led to perceptions that fraud and corruption may be the rule within businesses rather than the exception. In response, Congress, the Securities and Exchange Commission, and the various stock exchanges have conducted investigations and proposed changes in corporate governance and reporting standards (Verschoor 1991). Firms are finding it necessary to take clearly identifiable steps to limit the likelihood of fraudulent practices within their organizations.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
