Wednesday, October 3, 2007

My Reaction to Tip # 9 - Kyle Toelken

As I was looking over all of the "Ten ways to restore Investor Confidence in Compensation" the one that caught my eye was number 9. In the ninth tip, the companies talk about doing regular check-ups in their financial department concerning audits and their financial balances. If companies start to look at the problems that other companies are having with internal fraud then they can learn from that to make necessary changes within. Companies are becoming smarter than ever before, they are realizing that the financial well-being of a company rides in the financial department. They are starting to rotate people, so that the auditor isn't always doing the books. This makes it harder for people to find loop holes within a given organization.

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