0Sarbanes-Oxley, Fraud Prevention, and IMCA:

Abstract Many companies are starting to grapple with the new regulatory compliance impacts of Sarbanes-Oxley, which holds officers of US publicly held companies accountable and responsible for the internal system of controls. For many, especially auditors and risk management officers, Sarbanes-Oxley represents an extremely rare opportunity to increase controls assurance to reduce the risk of fraud. Most organizations facing the enormous scope of Sarbanes-Oxley are overwhelmed by its scope, and are sometimes hampered by the perception that compliance will create not only an enormous amount of work, but will provide little value back to the business.