International Journal of Entrepreneurship (Print ISSN: 1099-9264; Online ISSN: 1939-4675)


Modern Corporate Governance Standards and Role of Auditing-Cases in Some Western European Countries After Financial Crisis, Corporate Scandals and Manipulation

Author(s): Tran Thi Hoang Ha, Nguyen Bach Khoa, Dinh Tran Ngoc Huy, Vo Kim Nhan, Do Hong Nhung, Pham Tuan Anh, Pham Khanh Duy

After the recent global crisis, corporate scandals and bankruptcy in US and Europe, there is some certain evidence on weak auditing, risk management, accounting and audit system. This paper chooses a different analytical approach, using qualitative combined with comparative analysis method, and among its aims is to give some systematic opinions on corporate governance criteria as a benchmark for stock markets. Firstly, it classifies limited Western European representative corporate governance (CG) standards into two (2) groups: The Netherlands and Belgium latest CG principles covered in group 1 and, group 2, including corporate governance principles from Italy and Austria, socalled relative good CG group, while it uses OECD and ICGN principles as reference. Secondly, it , through analysis, identifies differences and advantages between above set of standards which are and have been used as reference principles for many relevant organizations. Third, it establishes a selected comparative set of standards for Western European representative corporate governance system in accordance to international standards. Last but not least, this paper covers some ideas and policy suggestions.

Get the App