What can companies do to stop White Collar crime? Or is that even possible?© BrainMass Inc. brainmass.com October 17, 2018, 4:05 am ad1c9bdddf
We can talk about a few different aspects here, to reduce white collar crime. As a fraud examiner and an auditor, I can definitely say from experience that white collar crime can be reduced, and has been, to some extent, although it will never be eliminated. The main reason why it will never be eliminated is because there will always be people with greed, and an ill sense of ethics, regardless of how much training we give them, and regardless of what "reforming" we put them through. There are proactive steps that have been taken on a large scale already, and also steps that companies can take themselves, to reduce white collar crime.
The enacting of the Sarbanes-Oxley Act (SOX) was a huge step in reducing many white collar crimes. SOX basically demands through regulation ...
What can companies do to stop White Collar crime? Or is that even possible?
Apply the term "Power and Corruption" and "White Collar Crime"
If we apply the term "Power and Corruption" and what is known as the "White Collar Crime", do you think having some process to evaluate your actions before you commit them could be helpful? How would you as a manager use a concept like this to make sure you remain ethical and do what is in the best interest of the company?View Full Posting Details