The theory underlying US securities laws is that investors are helpless without reliable information [Zelizer, 2002]. When Enron's collapse and other corporate frauds made it clear that "practically every element of our system of safeguards failed until it was too late to repair the damage," Congress reinforced those laws by passing the Sarbanes-Oxley (SARBOX) Act [O'Malley, 2002]. This new law...

Recent changes to the law governing the obstruction of justice have coincided with a string of highly visible prosecutions, including those of Martha Stewart,1 Frank Quattrone,2 and I. Lewis “Scooter” Libby, Jr.3 Among such prosecutions, that of the accounting firm Arthur Andersen LLP is foremost in legal significance. From the start, the government and Arthur Andersen disputed how the jury wou...

In 2002, the Sarbanes-Oxley Act was passed into law requiring all U.S. based, publicly traded companies to report on the status of their internal controls governing the reporting of financial information. Because of the close relationship between financial reporting and IT, the requirements of the Sarbanes-Oxley (SOX) Act has also greatly impacted IT Governance and the way IT projects are manag...

This paper maintains that archiving has been overlooked as a key spreadsheet internal control. The case of failed Jamaican commercial banks demonstrates how poor archiving can lead to weaknesses in spreadsheet control that contribute to operational risk. In addition, the Sarbanes-0xley Act contains a number of provisions that require tighter control over the archiving of spreadsheets. To mitiga...

a r t i c l e i n f o Occupational fraud is a $652 billion problem to which disgruntled employees are a major contributor. Much security research addresses reducing fraud opportunity and increasing fraud detection, but detecting motivational factors like employee disgruntlement is less studied. The Sarbanes–Oxley Act requires that companies archive email, creating an untapped resource for deter...