A cautionary tale of corporate crime: by the time Bernie Ebbers was sentenced to 25 years in prison two months ago, Walter Pavlo had finished his time behind bars for wire fraud, money laundering, and obstruction of justice while working for MCI.(Financial Trends) Levinsohn, Alan Fresh out of graduate business school in 1992, Pavlo, 29 […]
Category: Strategic Finance
Driving financial process improvement: continuous monitoring can catch common transaction errors and control violations that a manual review might miss. Patrick Taylor Today’s business environment challenges many finance organizations to simultaneously strengthen their internal controls and sustain compliance with the Sarbanes-Oxley Act of 2002 (SOX). But financial executives must not lose focus of their true […]
The Kroll Global Fraud Report-part 2 Michael Castelluccio * LAST MONTH, WE LOOKED AT SOME OF THE GENERAL conclusions in the 41-page Kroll Global Fraud Report from Kroll Inc., the risk-consulting subsidiary of Marsh & McLennan Companies, Inc. Four conclusions from the 892 senior executives interviewed include: Corporate fraud is serious, widespread, and multifaceted; new […]
Exposing enterprise data: XBRL GL, Web services, and Google, Part 1 Gianluca Garbellotto What would be the value to your organization if the data in it could flow together, regardless of the source, and be accessed by any application-even a standard search engine? Not only is it possible, but it’s no more expensive than the […]