Once confined to their crucial role of checking company accounts, the big four audit firms worldwide have become formidable forces within State and private entities as consultants. In their newfound roles, their conduct has come under intense scrutiny. From deceitful behavior to sanctioning fraud and intimidation, bullying, and harassment of opponents, independent legislators and investigators call out the big four audit firms for violating ethics and conflict of interest conduct as they play the role of advisor to the government and the private sector.
In an exposé about the latest corporate malpractice, the narrator starts with, “Whistleblowing isn’t for the fainthearted”. That sums up the problematic world of the newest brigade of conscience-driven individuals outing their employers’ misdemeanors. It is indeed a difficult decision to speak up. The price is heavy. Intense scrutiny, intimidation and job loss are some of the consequences. It’s a lone journey against powerful entities. They are entities in a collective whose influence spans the multinationals, the rich and famous, and the political authority. But it is to the courage of whistleblowers that the corporate cartels and their cossetted worlds come undone. That the diablos of corporate wrongs are smartly swathed in pinstripes and suits and sit in plush offices blinds everyone to their subversions. Although the 2008 global financial crisis showed the fickleness of international corporate stardom built on heritage and old-world entrepreneurial narratives that charmed the public into trust and adulation, the deceptions have continued.
Diese Geschichte stammt aus der October 2023-Ausgabe von Business Today Sri Lanka.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der October 2023-Ausgabe von Business Today Sri Lanka.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
DFCC Bank and Mintpay Forge Ahead with an Innovative Partnership
DFCC Bank has forged a strategic alliance with Mintpay.
HNB and 3DH Building Solutions Collaborate
HNB entered into a fresh agreement with 3DH Building Solutions to promote and offer financing solutions for FMT Generators and GLARIE elevators.
PLC Al-Safa - Shariah-Compliant Finance Expanding Nationwide
Since 2005, People’s Leasing & Finance PLC (PLC) AlSafa Unit has served as Sri Lanka’s full-service nonbanking Islamic finance provider.
People's Bank Spearheads a Digital Revolution
As part of its comprehensive digitalization strategy, People’s Bank has introduced a range of innovative solutions focused on enhancing accessibility and convenience for customers nationwide.
HNB Partners with Micro Cars for Vehicle Offers
HNB entered a strategic partnership with Micro Cars to offer unparalleled benefits and offers to customers intending to purchase vehicles from Micro Cars.
HNB Honored at BCCSA 2023
HNB has once again been honored at Ceylon Chamber of Commerce Best Corporate Citizen Sustainability Awards 2023, solidifying their position as one of the nation’s leaders in sustainability, good governance, and corporate excellence.
People's Bank and EDB Forge Strategic Alliance to Boost Sri Lanka's Export Sector
The Sri Lanka Export Development Board (SLEDB) and People’s Bank have formed a strategic partnership by signing a Memorandum of Understanding (MOU).
People's Bank Re-Launches SPARK: Entrepreneurial Development Program to Boost Sri Lankan SMEs
People’s Bank is excited to announce the re-launch of its SPARK Entrepreneurial Development Program, aimed at bolstering young entrepreneurs and supporting the growth of small and medium enterprises (SMEs) throughout Sri Lanka.
HNB Recognized for Digital Payment Innovation at LankaPay Technnovation Awards 2024
HNB was awarded three accolades at the LankaPay Technnovation Awards 2024.
HNB Appoints Sanjay Wijemanne as its New Chief Operating Officer
Hatton National Bank has appointed Sanjay Wijemanne as the bank’s new Chief Operating Officer (COO) with effect from April 26, 2024.