What possesses an audit partner to trade on inside information and violate the accounting profession’s most sacred ethical standard of audit independence? Is it carelessness, greed, or ethical blindness? In the case of Scott London, the former partner in charge of the KPMG’s Southern California’s regional audit practice, it was a bit of each that motivated him to violate ethical standards.Full Story»
In the 2012 campaign cycle an astounding $6 billion dollars was spent, with American corporations contributing roughly one third of that total. Just as political pundits are assessing the aftermath of the campaigns, a public affairs adviser for big companies suggests that it’s time for corporate America to take a hard look at the return on its investment.
An advisor on information and communications issues argues that the The Global Reporting Initiative seems to completely ignore two of the most significant human rights issues of our time—freedom of expression and privacy—and hasn’t kept pace with the explosion of the information and communications technology industry.
A leading plaintiffs’ lawyer says the widespread acceptance of hedge funds – which now receive hundreds of billions of dollars from pension plans representing average workers – has not been matched by commensurate improvements in their level of transparency, accountability and corporate governance. As a result, he argues, “it’s time for hedge funds to be brought into the 21st century,” with broad changes in the legal regime that governs them.
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