Detect Financial Problems With Six Sigma

Abstract:An organization's financial decline is often impossible to detect from the few financial measures investors or creditors typically examine. While the Sarbanes-Oxley Act should help improve the quality of data available to the public, it has drawbacks that could still result in misjudgment of an organization's financial strength. Six Sigma's define, measure, analyze, design, verify (DMADV) methodology offers a systematic approach than can identify companies most likely to be engaging in fraudulent activities and experiencing financial decline. The techniques described can be automated to characterize an organization's financial standing so that deviations from industry norms are readily detectible by investors and …

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