By Sally Rose and Nina Hendy Levels of trust have crashed, but accountants can play a big role in healing public faith in business and the finance sector. The business community generally, and the financial services sector especially, is in the grip of a worldwide trust crisis. But while accountants remain relatively unscathed – at… Read More Surviving the public trust crisis
We urgently need an ethical framework for the use of big data or we risk undermining the social purpose of financial services, according to ICAEW. The accountancy and finance body is calling for businesses, consumers and regulators to work together to protect vulnerable people from being exploited by the growing use of data and artificial… Read More Unethical big data use could undermine social purpose of financial services
A new research project has uncovered the extent to which professional accountants are exposed to unethical activity. The question of ethical or moral awareness of professionals is an important one, given that such awareness opens the door to ethical decision-making. Decisions made by accountants and other professionals are frequently made on a morally blind basis… Read More Are accountants ethically aware?
By Garry Shilson-Josling In a world of global distrust, where are the true believers? The urgent need to share the benefits of reform shines through in economic reports from both sides of the Tasman. If there’s one thing economists and policy-makers agree on, it’s that rising living standards eventually depend on productivity growth. Since the 1980s,… Read More Why trust matters
By Michael McMillan The American author and philosopher Aldo Leopold once said: “Ethical behaviour is doing the right thing when no one else is watching – even when doing the wrong thing is legal.” This quote raises an important question: why should we do anything, let alone the right thing, if what we are being… Read More How to do the right thing even if no one is watching
By Susan Muldowney Recent high-profile corporate scandals have seen trust in business take a further dive. How can this fragile commodity be restored? When Matt Comyn steps into the top job at the embattled Commonwealth Bank of Australia on 9 April, his first challenge surely will be among his greatest: restoring trust. With critics pointing… Read More The trust crisis