Understanding Risk Management And Compliance – January 2012
The January 2012 edition of the International Association of Risk and Compliance Professionals (IARCP) newsletter (http://www.risk-compliance-association.com)
On December 2, 2011, we had the 10-year anniversary of Enron filing for Chapter 11 bankruptcy.
This bankruptcy, which was at the time the largest in corporate history, led to the creation of new laws and regulations, including the Sarbanes Oxley Act.
The Sarbanes-Oxley act was enacted on July 30, 2002, less than a year after Enron filed for Chapter 11.
Today Sarbanes Oxley is as important as it has been all these years. Amended by the Dodd Frank Act, the Sarbanes Oxley rules continue to apply and change the lives of hundreds of thousands of professionals around the world...