Fernando's Business Ethics and Corporate Governance, 3rd Edition

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Part 2

 Corporate Governance

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 the developments in other branches of knowledge such as engineering

or marketing and that control and compliance aspects have been overemphasised

while ethical values have not gained greater importance in the conduct of business.

The board of directors, the audit committee or the senior management, the internal

auditors, and the statutory auditors form the foundation on which effective corporate

governance has to be built. ...