Two current and two former partners of Ernst & Young have been charged with tax fraud conspiracy involving fraudulent tax shelters, reports the New York Times.Ernst & Young, which has been...

All over the world, politicians are starting to pick up on it. Ordinary people are becoming increasingly agitated over the way the bosses are getting what's seen as more than their fair share of...

Since its inception a few years ago, the producers of Reality TV have gone out of their way to shock audiences around the world. And acting unethically comes with the territory.Last year, there was...

Siemens new chief Peter Loescher has his work cut out. German's biggest and most venerated company, now embroiled in scandal over bribes and under-the-table payments, has for the first time...

Climate change might be the most serious environmental risk facing society and insurers but there are many other big ones ahead, according to a new report.The report, Insuring for Sustainability, put...

Earlier this year, I did a blog entry looking at how Sarbanes-Oxley was close to useless in protecting whistleblowers.So how do solve the problem? One school of thought is to provide financial...

CEO turnover seems to have peaked but boards are becoming increasingly ruthless and are more prepared to give bosses the chop, according to a new survey.The latest Booz Allen Hamilton study into CEO...

After years of pressure, chest-beating and hand-wringing from business, not to mention heat coming from Congress and the Bush administration, the board that polices auditors has finally relaxed its...

Earlier this year, I wrote that cyber crime and cross-border fraud were among the top 10 business risks. Pretty much the result of greater technological complexity and more cross-border transactions...

After weeks of argument over filings, the Conrad Black trial turns juicy with revelations about the spending habits of the former media mogul and his wife Barbara Amiel Black.Take for example the...

In light of recent scandals, Fortune's Jia Lynn Ya reminds us how Johnson & Johnson's response to the 1982 Tylenol poisonings is the gold standard for crisis management.James Burke, then...

So Richard Scrushy, who in 2005 managed to beat a fraud rap and potential 600 years in the slammer, has now been pinged for bribing former Alabama Governor Don Siegelman. He now faces 30 years in...

In a global economy, it's no surprise that international institutions are filing more class actions in the US. And the trend is expected to continue according to an ISS report Accountability goes...

I have looked at the high level of turnover for chief financial officers and the implications it has for the strategic planning companies here.As I said at the time, it could be a huge problem...

Much has been said about shareholder rights to exercise their views. But companies are not democracies and management has enormous power to get its way when it comes to pulling in votes for issues...

Earlier this year, I looked at the way Starbucks had become embroiled in a dispute with Ethiopia over Ethiopia's ownership claims over premium coffee brands.Starbuck's carefully designed...

The trial of Conrad Black reached a fascinating stage last week with the cross-examination of Black's former partner in crime turned prosecution star witness David Radler. His testimony was...

With Paul Wolfowitz heading for the exit door, the questions continue about whether the World Bank will recover. This institution has been rocked by battles over Wolfowitz's management style, his...

Internal auditors seem to agree they're taking risk more seriously and acknowledge that huge resources are being thrown into compliance with Section 404 of Sarbanes-Oxley. But they're not...