Corporate governance and ethics not necessary.
Corporate governance and ethics not necessary. Acra and Icpas have withdrawn recognition of the NUS BBA(Accountancy) degree. They wanted accountants to be taught courses that are related to accounting and auditing the traditional way. But NUS thought the emphasis on corporate governance, ethics, risk management, internal control and business acumen are more important and relevant in view of all the big time corporate frauds. 'Even ACCA, the international body representing the profession, had launched a new qualification this year to focus on "professional values, ethics and governance", in line with the "industry demands and expectations", the Association's Singapore head Penelope Phoon told Today.' It is indeed a strange development. Or is it that corporate governance is not important in Singapore? How could taking a few electives in these courses undermine an accountant in his accounting and auditing skills? I think it is the former. Singapore's corporate world is filled with men of high integrity. No problem with corporate governance and ethics.