Business Ethics and Corporate Governance, Second Edition

SUMMARY

Recently at a conference of the Institute of Internal Auditors, a view was expressed that in some ways the accountancy profession in the last few decades has not kept pace with developments in other branches of knowledge such as engineering or marketing and that control and compliance aspects have been overemphasized while ethical values have not gained greater importance in the conduct of business. The board of directors, the audit committee or the senior management, internal auditors, and statutory auditors form the foundation on which effective corporate governance has to be built. For statutory auditors, the essential driving force has been the legislative and regulatory requirements to make independent verification and attestation ...