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Professional judgment: What it is and how to handle it

It may not be obvious, but we form judg­ment about almost everything: a friend or person, a property, a movie, etc. We usually form these views or judgments based on facts and complete information. The same applies in a professional environment. Professional standards issued by the Institute – Hong Kong Financial Report­ing Standards, Hong Kong… Read More Professional judgment: What it is and how to handle it

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The new intolerance in the age of Trump

By Trevor Wilson Would Donald Trump’s infamous “locker-room banter” count as unacceptable workplace behaviour? As I was standing at an intersection recently, I glanced over at the pole on the corner and was greeted by a poster entitled “Dear White People.” It was an invitation to join the alt-right movement for those “sick of being… Read More The new intolerance in the age of Trump

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Suspicious minds

By James Kelly The recent Wells Fargo scandal involving unauthorized bank accounts is one of many cautionary tales for business leaders. James Kelly examines how companies, and accounting professionals, can help create a secure corporate culture. Corporate fraud or misfeasance have wiped out more than HK$200 billion in market capitalization from the Hong Kong stock… Read More Suspicious minds

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But everyone’s doing it

By Karen Wensley How can we prevent people from interpreting “aspirational” goals as an invitation (or a directive) to cheat? One of the most common rationalizations for bad behaviour is the “standard practice” argument — everyone is doing it. It’s what my mother warned me against: “If all your friends were jumping off a cliff,… Read More But everyone’s doing it

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How to make culture count

By Michelle Perry Culture audits are a new phenomenon for auditors, boards and regulators but in the wake of market conduct abuses, the benefits of such audits are gaining traction, reports Michelle Perry. If company boards are in any doubt about the importance of an organization’s culture on their profits and reputation, they should consider… Read More How to make culture count