Survey respondents agree that SOX serves to identify fraudulent activity, but they do not believe the recent cultural change among U.S. business leaders toward "institutional integrity" and fraud prevention will stick. Only 17 percent believe there will be a "shift" among technology business leaders to institutional integrity.
A survey of certified fraud examiners says that the Sarbanes-Oxley (SOX) law -- passed in the wake of scandals at technology companies like MCI/Worldcom -- is an effective tool in fraud identification, though few believe it is actually changing the culture of business.
The survey, conducted by Oversight Systems, Inc., based in Atlanta, called 2005 Oversight Systems Report on Corporate Fraud, was provided to the E-Commerce Times.
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