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Arrests coming due to college bball kickbacks
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<blockquote data-quote="YlJacket" data-source="post: 612482" data-attributes="member: 2784"><p>That program seems to be based on the Sarbanes Oxley requirements for public company officers where they have to sign that their financial systems are "well controlled" and producing accurate financial statements. Not sure the details they are signing to but SA has launched a huge infrastructure of firms that do SA audits to validate the systems are in control and according to regulations so CEOs and CFOs can sign off with some validation/backup. These audits are not cheap and add hundreds of thousands to even small/moderate sized companies. Wonder if that is going to happen with athletic associations now - and add essentially the cost of a good assistant coach to the budget. </p><p></p><p>Still not sure exactly how this adds criminal liability to an athletic director but don't know all the legalities/specifics in the program.</p></blockquote><p></p>
[QUOTE="YlJacket, post: 612482, member: 2784"] That program seems to be based on the Sarbanes Oxley requirements for public company officers where they have to sign that their financial systems are "well controlled" and producing accurate financial statements. Not sure the details they are signing to but SA has launched a huge infrastructure of firms that do SA audits to validate the systems are in control and according to regulations so CEOs and CFOs can sign off with some validation/backup. These audits are not cheap and add hundreds of thousands to even small/moderate sized companies. Wonder if that is going to happen with athletic associations now - and add essentially the cost of a good assistant coach to the budget. Still not sure exactly how this adds criminal liability to an athletic director but don't know all the legalities/specifics in the program. [/QUOTE]
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Arrests coming due to college bball kickbacks
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