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Sarbanes-Oxley News & Developments
New Reforms Have Made Dramatic Alterations to Corporate GovernanceHow will these reforms change a CFO job?
> > Enron former CFO Andrew Fastow negotiated and landed in prison with a 10 year sentence, many finance chiefs were hoping that some justice would help restore investor confidence. "Jail time will be an effective way to inhibit fraud," says Regina Sommer, CFO of Netegrity Inc.
Those in government hope that regulation, rather than incarceration, will provide a lasting deterrent to corporate misconduct.
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Source: CFO
Published:2004-02-02
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