Keeping the Woolf from your door. By Philip Turnbull
Posted by AccountingWEB in Financial reporting, In business on Thu, 22/05/2008 - 16:41
Philip Turnbull, Chief Executive of the Association of International Accountants (AIA), takes a look at the Woolf Report following the corruption allegations surrounding BAE Systems and considers the implications for companies, the UK and the worldwide accounting profession.
Lord Woolf, the former Lord Chief Justice, described the alleged improprieties involving Britains’ biggest defence company, BAE, as having ‘damaged the global reputation of this country’.
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