Corporate Scandals

Auditor's reputation may be tarnished but not fatally so

Will the Akai Holdings scandal destroy Ernst & Young as Enron did Arthur Andersen? It's a question I have been asked many times in the past week.

Saturday, 10 October, 2009, 12:00am

Romantic fuel

Sheila O'Flanagan earned her celebrity as Ireland's first female stock trader, then became Ireland's chief dealer and the only woman ever to be put in charge of a trading room. Now she enjoys fame as Ireland's best-selling author, shifting millions of copies of her books.

14 Oct 2007 - 12:00am

Pressure on new watchdog

The new watchdog, charged with keeping Hong Kong accountants honest and the audited financial statements of local companies credible, has been told it needs to bare its teeth if it's to be a credible force in investigating irregularities.

20 Sep 2007 - 12:00am

Business Administration (Accounting)

Name: Peter Chong Yin-tak

Age: 20

Course: Bachelor of Business Administration (Honours) (Acc)

School: Lingnan University

Year of Study: Three

Duration of programme: Three years

Young Post: What courses have you studied?

21 Dec 2006 - 12:00am

Accounting industry braced for more changes

Although much has been achieved on the international accounting front since the collapse of Enron four years ago, even more changes lie ahead, according to Sir David Tweedie.

14 Feb 2006 - 12:00am

Net closing on media magnate

In the uncertain world of newspaper economics, Conrad Black learned quickly how to make money. In the coming weeks or months, Mr Black may find out to his distress what it can cost to make such a lot of money.

1 Oct 2005 - 12:00am

talk back

Q Should the ambulance service be an independent department?

For a helpless victim who is anxiously waiting for the arrival of an ambulance, a promised target response time of 12 minutes is definitely powerful support.

30 May 2005 - 12:00am

Ernst & Young refuses to risk its good reputation

Ernst & Young has turned down about 25 per cent of potential clients in recent years to prevent the accounting firm being drawn into possible scandals, according to newly elected chairman for Greater China David Sun Tak-kei.

26 May 2005 - 12:00am

The exhilarating art of accounting

A company's books can be interpreted in many ways, the winner of the Best Teacher Award says

IF YOU TOOK seven artists and asked them to paint a picture of the same landscape at the same time on the same day, chances are you would get seven different pictures.

17 Apr 2005 - 12:00am

Global standards do not cover every company's needs

CORPORATE GOVERNANCE has been a hot topic since the Asian economic crisis hit the region in 1997. It became even hotter when the Enron and WorldCom accounting scandals rocked Wall Street in 2002. And it is coming to the forefront once again with concerns about how banks and publicly listed firms are being managed in China.

9 Apr 2005 - 12:00am

Singapore's financial shepherds should avoid dancing with wolves

'Singapore's political leaders have been keen to stress that the CAO scandal is an isolated incident and should not detract from the city's reputation as a regional financial centre.'

South China Morning Post

December 9

10 Dec 2004 - 12:00am

Accountants take lead from Hollywood in the post-Enron world

Accountants are being encouraged to take their lead from a Marilyn Monroe movie and develop The Seven Year Itch.

19 Oct 2004 - 12:00am

New post for accounting probe body

Director's pay to constitute large portion of the board's $8m annual budget

A highly-paid regulator post is to be created to head the new accounting investigation body, taking a large chunk of its annual $8 million budget, according to sources.

18 Oct 2004 - 12:00am

Lai See

Free lunch an asset

More fund managers than expected showed up at the Hong Kong government's song-and-dance show for its securitised bond issue yesterday. To accommodate them, arrangers needed to annex a small room next to the main venue already booked. But at least one fund manager was more interested in the free lunch than the bond.

20 Apr 2004 - 12:00am

Scandals shift focus off profits

Corporate scandals such as the collapse of energy giant Enron Corp have forced Hong Kong and overseas firms to shift their focus from merely making money to corporate governance, a survey has found.

The survey, conducted by PwC and the Economist Intelligence Unit, polled 200 senior executives in the financial services industry in the US, Europe and Asia, including Hong Kong.

7 Apr 2004 - 12:00am