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

Meiya Power suffers executive defections

Meiya Power, one of the largest foreign investors in the mainland power sector, has lost eight of its 12 top managers, including its chief executive, to US-based Ashmore Energy International (AEI) in a rare case of mass poaching in the industry.

1 May 2007 - 12:00am

Ken Lay's very timely departure

Death is never a laughing matter. But in the case of Ken Lay, the notorious fraudster and white-collar thief who oversaw the shocking collapse of the Enron empire, America is prepared to make an exception.

9 Jul 2006 - 12:00am

Enron: The Smartest Guys in the Room

Enron: The Smartest Guys in the Room

Director: Alex Gibney

26 Feb 2006 - 12:00am

Corporate supersleuth

GREED IS GOOD for Joseph Quiazon, but not in the sense Gordon Gekko preached in the film Wall Street.

In fact, as a fraud investigator, Mr Quiazon sits on the other side of the fence. His job is to keep tabs on corporate cheats similar to the character played by Michael Douglas in the film.

'I work on one of the oldest issues around - human greed,' Mr Quiazon said.

11 Feb 2006 - 12:00am

Cutting off garment supplies from China will leave the US naked

'But Mr [United States Federal Reserve chairman Alan] Greenspan poured cold water on the idea that a revaluation [of the yuan] would shrink the record [US] trade deficit. Instead, it will mean that suppliers will turn to other countries such as Malaysia or Thailand for cheap textiles and other goods that China now supplies, he said.'

SCMP, May 22

24 May 2005 - 12:00am

Time is money

You have got to love American capitalists. When they say that every problem is an opportunity, they really mean it. Even if the problem is a stint in prison because of corporate skullduggery.

25 Sep 2004 - 12:00am

HKSA challenged over audit probe

Arthur Andersen and accountant pursue judicial review to halt watchdog's inquiry

Hong Kong's accountancy watchdog is facing yet another legal showdown over its disciplinary powers, this time involving a probe into an Arthur Andersen audit of listed stationery maker Climax International.

21 Jun 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


Q Is Hong Kong a rip-off city?

Unfortunately, in any metropolis, there are unscrupulous merchants and street scammers who are out to make a quick buck. Please don't forget this behaviour is not proprietary to this category. We also have them in the higher echelons of businesses, such as Enron and WorldCom.

11 Mar 2003 - 12:00am

Credit where credit's due for incarcerated duo

It looks as if the year is getting off to a good start for brothers Eric Tang Yiu-hong and Eugene Tang Yiu-chuen, formerly of GKC Holdings fame.

The pair rose to more salacious notoriety in the summer of 2002 after they were thrown behind bars for 10 years.

Back in early 1998, GKC ran into some serious debt. Raids by commercial crime police didn't help either.

2 Jan 2003 - 12:00am

School days return for local lawyers

Solicitors in Hong Kong will be going back to school in the new year. Every single one of them.

It is mandatory. Every lawyer (there are 5,000-odd of them) will be enrolled in Risk 101: How not to fleece clients, be negligent and end up on the wrong side of the law.

30 Dec 2002 - 12:00am

Auditors face stricter control

The government is considering measures to tighten controls on the conduct of listed companies' auditors in the wake of accounting scandals in the United States and Hong Kong.

18 Nov 2002 - 12:00am

Ethics study finds little resistance in East Asia

A WORLD BANK STUDY SUGGESTS that corporate programmes to promote business ethics and root out corruption in East Asia do not face the level of cultural resistance that has often been assumed.

28 Jul 2002 - 12:00am