From SOX Act's provisions, I found three very interesting provisions that were implemented to prevent frauds and misrepresentation of the financial records.
1. White collar crime penalties
2 independent auditor
3. Detective control
Although all the three provisions are significant to ensure the preventive control on frauds and under the table activities, I'd go on with 1st white collar crime penalties.
White collar crime penalties is stated in Title |X of SOX act which as it can be made out from the name for the white collar crimes and conspiracies. This provision intensifies the criminal penalties and charges on the people who intend to deceive people and business into making some personal income.
Clearly, people with white collars have
1. White collar crime penalties
2 independent auditor
3. Detective control
Although all the three provisions are significant to ensure the preventive control on frauds and under the table activities, I'd go on with 1st white collar crime penalties.
White collar crime penalties is stated in Title |X of SOX act which as it can be made out from the name for the white collar crimes and conspiracies. This provision intensifies the criminal penalties and charges on the people who intend to deceive people and business into making some personal income.
Clearly, people with white collars have