The corporate financial scandals of the past few years have emphasized the importance of legal risk management.
Not exact matches
After the Enron and WorldCom
scandals of 2002, the Sarbanes - Oxley Act was instituted in the United States to, among other things, increase the independence of outside auditors when they review
corporate financial statements.
But with the past year of
corporate scandals bringing billion - dollar companies to their knees, most business owners are realizing that not having a handle on the company's
financial inner workings can lead to disastrous consequences for companies both big and small.
At the same time, a series of
corporate scandals; failures in the
financial, housing, and insurance sectors; and taxpayer bailouts of mismanaged businesses have fostered consumer distrust and skepticism of marketers» messages.
Management
Corporate Culture Several recent financial and corruption scandals have forced multinationals to develop comprehensive corporate conduct and compliance
Corporate Culture Several recent
financial and corruption
scandals have forced multinationals to develop comprehensive
corporate conduct and compliance
corporate conduct and compliance programs.
Following the FX benchmark rate - fixing
scandal, which saw six banks fined almost $ 6 billion, currency traders at
corporate and
financial institutions worldwide are revising how they execute transactions.
The former AMP lawyer who oversaw 25 drafts of a supposedly independent report handed to the
corporate regulator has denied wrongdoing, after the
financial services giant cleared departed chairman Catherine Brenner's handling of the
scandal.
From
financial scandals to concerns over a lack of diversity, CEOs, and the
corporate world in general, are constantly under scrutiny.
Over this period, the U.S. experienced the Great Depression, two world wars, the Cold War, massive
corporate tax hikes, oil crises, stagflation, corrupt and incompetent leaders, the 9/11 attacks, countless
scandals in leading corporations, the
financial crisis and so on.
In these days of
corporate scandal, who can argue against full disclosure on
financial statements?
Risk management has been a hot topic in the
corporate community for about 10 years, springing mostly from
scandals such as Enron, Worldcom and more recently the
financial crisis of 2008.
«In the aftermath of all the
corporate financial and governance
scandals, company managers and lawyers are even more reluctant to limit law firms.
So, for
financial services employers, whose reputation may have been damaged by the 2008
financial crisis and a string of subsequent
corporate scandals, fulfilling the Millennials» need to feel worthwhile is a challenge.
The spate of
corporate scandals and the
financial crises that have plagued banks and other
financial institutions in the United States have made CPAs more valuable.