Monthly Archives: September 2014

Accountability: a Culture or Process

If a company does not consider bribery, corruption or other ethical issues as unacceptable, having value statements or processes is not meaningful. The same way if people are not held accountable for compliance issues a company cannot promote an ethical … Continue reading

Posted in Governance | Tagged | Leave a comment

How to recognize the right “tone at the top”?

Generally when wrong doing continues or is encouraged in a company, criticism is focused on the “tone at the top.” If integrity is an issue or conflict of interest is commonplace in the company, that’s also thrown back to say … Continue reading

Posted in Governance | Tagged | 3 Comments

What can the Audit Committee do about Related Party Frauds?

In order to alert Audit committee members I’m highlighting several examples of potential misreporting using related parties, below. External auditors will not identify some of them as the board will be able to justify through management representations. However, the Audit … Continue reading

Posted in Governance | Tagged | 2 Comments