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Ethics & Compliance
Articles
Execs Must Now Certify Financial Controls
Executives will have to certify that their companies have adequate controls to prevent and detect accounting violations and fraud, under rules adopted by federal securities regulators. Scandals, Economy Alter Attitudes of Future Business Leaders
Highly publicized corporate misconduct and a sharp economic downturn have significantly altered MBA students' views about business, their careers and the content of the MBA degree, according to a new survey, "Where Will they Lead?: MBA Student Attitudes About Business & Society 2003," conducted by The Aspen Institute's Business and Society Program. Excessive Executive Pay Eroding Investor Confidence, Experts Say
Lavish pay for executives whose companies fail and lay off employees has eroded investor confidence already shaken by the accounting scandals, experts told Congress Tuesday. Test Your Knowledge of Professional Ethics Accountants attest to a code of professional ethics, but recent scandals have nonetheless brought an alleged lack of ethics and integrity to the forefront of investors' concerns. This means accountants need to make sure they are up to speed on ethics in today's business environment. Dallas Kicks Off National Ethics Program
Deloitte & Touche volunteers spent the day at John F. Kennedy Learning Center, near downtown Dallas, teaching fourth through sixth grade students the Junior Achievement "Excellence Through Ethics" business ethics curriculum, in advance of a national curriculum rollout in the fall of 2003. Deloitte CEO's Speech to Grads Calls for Ethics Instruction
Deloitte Touche Tohmatsu's outgoing chief James E. Copeland, Jr., sent business school graduates from Georgia State University's class of 2003 off to its future with a commencement address that focused on ethics and integrity. Experts Say CEOs' Entrepreneur Traits May Lead to Trouble
Adelphia, WorldCom, Enron, Homestore, Waste Management and HealthSouth have more than bad accounting in common: All were run by their founder when the alleged misconduct occurred. Accountants Can Avoid Malpractice Trouble: 10 Risk Management Tips
In the complicated and risky world of accounting today, the best way for accountants to protect themselves from malpractice claims is to avoid 10 key trouble spots, according to Michelle Duffett, co-owner of Geneva, Illinois-based Insight Insurance Services, and an expert in professional liability programs for accountants. SEC Chief Promotes Ethics, 'Moral DNA'
Boards of directors need to build cultures at their companies based on strict ethics and "moral DNA" that puts them beyond just obeying the law in the post-Enron era, SEC chief William Donaldson said. New Deloitte CEO: Integrity and Quality Key to Success
William G. Parrett, chief executive officer-elect of Deloitte Touche Tohmatsu, said in his first major address since his election this spring that recent corporate failures are by-products of such fundamental business issues as culture, strategy, direction and performance and go well beyond individual malfeasance. Companies Fail to Provide Basic Corporate Governance Info Online
Despite increased scrutiny from regulators and shareholders, most public companies still fail to provide basic corporate governance information on their corporate websites, according to a new international study by investor relations consulting firm Blunn & Company Inc. The AICPA Issues Business Fraud Case Studies
With the aim of teaching and inspiring business people to identify and prevent fraud, The American Institute of Certified Public Accountants has published a series of real-life case studies of unethical and illegal accounting practices. |
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