Ethical Issues in Working with a Dubious Accounting Firm

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Ethical Issues in Working with a Dubious Accounting Firm
Ray Chatwin, Member
What are the ethical issues in co-operating with an international accountancy and consultancy company on a government sponsored review when that company has been repeatedly fined and censured for malpractice?

As a director, does one argue against co-operation or simply express a view and give a free hand to the CEO on the grounds that it is an operational decision?

Fines have little effect on companies of this size, so is morally based action the way to go if we really want ethically based reform? Or is it business as usual….

Responsibility for the Appointment of Accountants
Andrew Blaine, Member
Under normal situations, shareholders vote for and elect accounting firms. If a Director is not happy with an accounting firm, the matter needs to be discussed at the Annual General Meeting (AGM) and, through influencing the vote, the association is determined?



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