In 2002, the Sarbanes-Oxley Act (SOX) was passed in response to the Enron and WorldCom scandals, offering broad protections for whistleblowers at public companies in order to encourage fraud reporting. Private companies were considered immune to the law.
But in 2014 the Supreme Court heard a challenge to SOX, and ruled that even though the plaintiffs were not employees of the publicly traded company, the SOX whistleblower statute applied to them. The reason? They suffered retaliation for reporting alleged fraud involving financial reporting of a publicly-traded company.
Here’s what the law now says:
SOX covers employees of a public company’s private contractors and subcontractors.
SOX covers privately-owned companies if they provide services for publicly-traded ones. Answer:
Explanation:
Answer:
The answer would be A.
Explanation:
A sale is permanent while something like leasing/renting is a form of temporary ownership unless the consumer happens to purchase the item in the future.
Answer:
Explanation:
White collar crime refers to the crimes that are committed by business men and government employees whereas cyber crimes are committed by hackers, terrorists and others to invade the host computer and network system to derive the information.
The purpose of white collar crime is to not to defame somebody but some cyber crimes exhibit a motive to intentionally harm the reputation of the victim.
The white collar crime can be detected in terms of examination of financial accounting analysis and sale and purchase of goods and services but cyber crime remains undetected due to use of unknown devices to commit the offences the IP address and other required identification proofs cannot be found.
Money laundering and ponzi schemes are the examples of the white collar crimes and hacking, email spoofing are the examples of cyber crime.
