Restatements by Small Companies Could Revive SOX 404 Debate

By Tammy Whitehouse2011-05-24T00:00:00

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Poor internal controls led to FCPA violations in Moog’s $1.7M settlement with SEC

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A company culture geared to “win business at any cost” encouraged employees of New York-based aerospace manufacturer Moog to pay bribes in India to win contracts, the Securities and Exchange Commission alleged.