Integrity Interactive Releases Online Cover-Up Compliance Training Course; Could It Have Prevented Enron Debacle?Business Editors & Legal Writers DEDHAM, Mass.--(BUSINESS WIRE)--Jan. 23, 2002 In the wake of the government's investigation into the collapse of Enron Enron A U.S. energy-trading and utilities company that housed one of the biggest accounting frauds in history. Enron's executives employed accounting practices that falsely inflated the company's revenues, which, at the height of the scandal, made the firm become the seventh , Integrity Interactive Corporation announced a new Web-based corporate compliance course that teaches employees about the serious consequences of a cover-up and the key strategies for stopping cover-ups before they start. Integrity Interactive, an industry leader in delivering Web-based compliance training solutions, has released "Cover-Up," the latest addition to its highly regarded lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. of corporate compliance courses. "The manner in which a company and its employees respond to a problem is often as important -- or even more important -- than the problem itself," said Carl Nelson, president of Integrity Interactive. "Recent news accounts are dominated by suggestions that employees at both Enron and Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing engaged in a cover-up of fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. accounting practices and other questionable conduct. This course illustrates that while problems occur in every business, dealing correctly with these problems is an important part of everyone's job. If an employee hides a problem -- or `covers it up' -- it may actually be a crime." Integrity Interactive applies the power of Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the learning technology to the challenge of teaching corporate employees how to comply with the various laws, regulations and policies that impact the workplace. Using an effective, story-based approach, "Cover Up" outlines the painful consequences of a cover-up and presents important strategies for putting a stop to one before it takes off. The course reduces a company's legal exposure to cover-ups by ensuring that employees actually get trained in how to prevent a cover-up before one ever gets started. An electronic news bulletin regarding the seriousness of cover-ups and other information about how to prevent them from happening can be downloaded for free at www.integrity-interactive.com. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Kirk Jordan, vice president of compliance services at Integrity Interactive, there are four central lessons in the new course: -- Don't Cover Up Product Problems; -- Don't Cover Up Financial Problems; -- Don't Lie To Investigators; and -- Don't Destroy Evidence. "In light of the recent front-page news events involving Enron and Andersen, this course is especially timely for companies to administer to their employees," said Jordan. Integrity Interactive Corp. provides Web-based compliance training and communications solutions to Fortune 1000 corporations. In addition to Cover Up, Integrity currently offers online training in more than 125 compliance topics, covering Antitrust Antitrust The antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade. , Insider Trading, Export Regulations, Earnings Management, FCPA FCPA Foreign Corrupt Practices Act FCPA Fairfax County Park Authority (Virginia) FCPA Fujitsu Computer Products of America FCPA Fair Campaign Practices Act FCPA Fellow of CPA Australia FCPA Florida Concrete & Products Association , and Conflicts of Interest. The courses are designed by nationally recognized legal experts in corporate compliance and business ethics business ethics, the study and evaluation of decision making by businesses according to moral concepts and judgments. Ethical questions range from practical, narrowly defined issues, such as a company's obligation to be honest with its customers, to broader social including the company's Compliance Services team of Joe Murphy, Kirk Jordan and Win Swenson. For more information, please visit www.integrity-interactive.com. |
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