Supply Chain Sarbanes Oxley Supply Chain SarBox Supply Chain SOX Supply Chain Corporate Governance Supply Chain Integrity

Sarbanes-Oxley was created to address the failures of key individuals in public companies to govern themselves accordingly. These individuals were able to perpetrate various frauds which, in some cases, drove their companies out of business.

Fraud can be perpetrated via various collusion scenarios (inside, outside, mixed), and along any link in the internal or external supply chain.

Employees can be forced into perpetrating fraud in order to keep their jobs - in this case management is the real guilty party, not the employee. Instead of the "fight or flight" syndrome, this is more of a "fraud or flight" syndrome, where flight (leaving a job) is not an option due to the employee's need for income, thus an otherwise honest employee may be forced to commit fraud.

The ramifications of fraud early in the supply chain may not be felt until much later in the supply chain, and can include consumer injury or death. The links of the supply chain are, after all, connected, and there is a ripple-effect that can happen from a fraud early on.

The failure to govern accordingly, the failure to bring integrity into your company's supply chains, can and likely will result in an environment where fraud is able to exist, and possibly even grow.

We invite you to carefully review our web site dedicated to this topic:

www.supplychainfraud.com

On this web site you will find useful information about fraud that can happen in the supply chain and some of the repercussions of fraud.

While there, please be sure to request the white paper on supply chain fraud. It has additional information you may find both useful and informative.