Summary
Contents
Subject index
The ethical and legal scandals at Enron, WorldCom, Tyco and many other businesses in the United States, Europe and Asia have shaken people’s confidence in business. Corporate Integrity and Accountability seeks to address questions of corporate integrity as they arise for financial reporting, executive compensation, globalization, and business ethics itself. The chapters are the product of leading business ethicists—both academic and practitioner—in the U.S. and Europe, resulting in the application of different methodologies, sources, and forms of argument. This gives the reader a sense not only of the complexity of some of the ethical issues business faces, but also the richness of the various resources that are available to address these issues.
An Ethical Framework for Auditor Independence
An Ethical Framework for Auditor Independence
“There was a lack of auditor independence.”—Juror David Schwab, explaining the vote to convict Arthur Andersen (Weil, Barrionuevo, & Bryan-Low, 2002).
The early twenty-first century financial crisis, driven in large part by lack of confidence in capital markets and concerns about massive hidden frauds, raised the issue of the credibility of the information contained in companies’ financial statements. Many of the proposed solutions were designed to increase the objectivity and independence of those involved in the financial reporting process. For example, individuals within a company who are responsible for the preparation of the company's financial statements should be free from undue pressure from senior management. Research analysts should be independent of their ...
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