At the end of the 20th century and the beginning of the 21st century, several high profile corporate fraud scandals jolted the financial markets and led to decreased investor confidence. The scandals that rocked corporate America over the past few years will have a lasting historical impact.
Will historians dub these the frauds that changed America's healthcare sector? Public outrage over corporate fraud has resulted in new legislation, regulations and professional standards, which focus on prevention and timely detection. For the first time, corporate fraud is a key agenda item for boards of directors, senior management, and independent auditors.
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