(Answered) : Recent Corporate Scandals Senior Executives Doctored Books Misrepresented Corporate Financ Q27986679

In some of the recent corporate scandals, senior executives“doctored the books” and misrepresented the corporate financialstatus of the company. In others, transactions were created to andfrom inert or false companies to enhance the bottom line. All ofthese actions required some intervention and dependence on currentor new IT systems. As a result the Federal Government passed theSOX regulations in 2002-2003 and the Dodd-Frank Financial Reformlaw in 2010.

Do you feel the information technology group could or shouldidentify (expose) these fraudulant practices?

What do you feel the responsibilities of the CIO are relative tointernal fraud and illegal activities?

Is the CIO ethically responsible for how