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Trust but verify

Trust but verify

by Rick Turoczy on August 17, 2006

The numbers were somewhat better in the United States, where half of the 50 companies in that subset said they do at least some auditing of their self-reporting partners. This is probably due to the Sarbanes-Oxley Act, which puts a greater onus on companies to make sure their partnerships are being conducted properly.

Trust is a key to any business relationship. But as a U.S. president once said of the Soviet Union’s intention to reduce its missile strength: “Trust — but verify.”

Trust but verify

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