The Sarbanes-Oxley Act of 2002, also called “Sarbox” or “SOX,” is a federal law meant to track and control corporate financial reporting, accounting, and spending by imposing severe penalties and fines for violations.
SOX was enacted in response to several major corporate and accounting scandals in the 1990’s and early 2000’s, including Enron, Tyco International, Adelphia, Peregrine Systems, and WorldCom. Its purpose is to protect consumers by requiring corporations to follow very strict rules in reporting their financial and accounting information to the federal Securities and Exchange Commission (SEC). The Act covers a wide range of duties and responsibilities. When a company is suspected of violating the act, the SEC will investigate that company to determine if any violations actually occurred. If you suspect that your company, or one of your competitors, is in violation of the act, then it would be in your best interest to call a private investigator such as ICS to find out the truth. Don’t get caught in the collateral damage of an SEC investigation – be proactive and get the truth out. Call ICS today and let us put our decades of experience to work for you.
Sarbanes-Oxley Act and Securities Investigations Information:
• The Sarbanes-Oxley Act has 11 Main Categories
o 1. Public Company Accounting Oversight Board, which provides independent oversight of corporate accounting practices by certifying independent auditors and implementing standard operating procedures
o 2. Auditor Independence, which establishes standards for auditors and eliminates conflicts of interest
o 3. Corporate Responsibility
o 4. Enhanced Financial Disclosures
o 5. Analyst Conflicts of Interest
o 6. Commission Resources and Authority
o 7. Studies and Reports, which inform the public about various accounting practices, auditing firms, and more
o 8. Corporate and Criminal Fraud Accountability
o 9. White Collar Crime Penalty Enhancement
o 10. Corporate Tax Returns
o 11. Corporate Fraud Accountability
• How can ICS help?
o Provide objective, independent inquiry into corporate practices and securities investigations
o Offer discreet, confidential, and effective service with decades of experience
• Related ICS Services
o Computer Forensic Services
o Undercover Investigations
o Employee Screening Programs
o Criminal Investigation Services
o Public Records Research
o Comprehensive Information Resources
o Private Investigations (International)
o Private Investigations (United States)
o Reputation Defense
o Personal Investigations
o Shredded or Destroyed Document Reconstruction
ICS Experience and Expertise:
- Operating since 1967
- Far greater operational reach than any other investigative service in the world
- Built through experience and expertise with a mix of law enforcement and military backgrounds
- All services are performed and billed on an hourly basis.
- Investigators are available 24/7.
- Global resources network for domestic and international work
- Constantly evolving technical capabilities to adapt to advances in electronics and technology
- Use of cutting edge technology and equipment
- Free Consultation for Needs Analysis
- Design an Action Plan
- Engagement and Fees
- Execute Action Plan
- Present Thorough Documentation of All Results/Findings
Are you in need?
Sarbanes-Oxley Investigations are complex, and they require quite a bit of number crunching and financial auditing and analysis, but they can go deeper than that. If you suspect that a corporation is not complying with the standards that SOX has set, then ICS can help find out for sure. It may require further background checks, surveillance, and monitoring to build a case, and then our investigators can analyze data and information to find out if the corporate reporting is accurate and complete. If you suspect that something is not right in your company or at a competitor, then call ICS today and let us find the truth.