Auditors in a changing regulatory environment

Abstract

If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -The purpose of this paper is to describe how corporate responsibility, at the best of times, is taken for granted, and at the worst of times, becomes a much maligned concept. Design/methodology/approach -Describes how the regulatory landscape is rapidly changing and outlines several conditions that must exist or be achieved to ensure the stability of financial institutions through a better system of regulation and monitoring and rapid intervention, where intervention is called for. Findings -There is a need for greater clarity as to the role of auditors and as to the expectations of regulators. Originality/value -Highlights how, for regulators, auditors and stakeholders, the issue of the role of auditors in a changing regulatory climate is an important subject that deserves special consideration.

Executive positions involved in white‐collar crime

“…During the best of times, it is a concept adopted and taken for granted. During the worst of times, however, corporate social responsibility becomes a threatening concept to most business as well as public organizations (Jayasuriya, 2006). Corporate social responsibility is a set of voluntary corporate actions designed to improve corporate actions.…”

Audit committees in financial institutions in Saudi Arabia: a dichotomy of perceptions of functional independence and the reporting of financial crime

“…In'airat (2015), and Alzeban (2015) described how organisations which have independent internal audit functions are more likely to adopt effective risk management strategies, find evidence of fraud, and allocate adequate resources to the internal audit function. In Saudi banks the nature, function, and standing of ACs, and the appointment and role of NEDs, are less determined by formal legal and regulatory frameworks or codes than by the complex organisational, cultural, and situational contexts in which they operate (Al-Twaijry et al, 2002;Al-Twaijry et al, 2003;Jayasuriya, 2006). For example, Bartlett (1993) proposed that independence relates to a mental attitude that is impossible to formally define and verify; to presume that NEDs are independent because of an absence of explicit connections at board level through which influence can be…”

Limits to Corporate Social Responsibility: The Case of Gjensidige Insurance Company and Hells Angels Motorcycle Club

“…During the best of times, it is a concept adopted and taken for granted. During the worst of times, however, corporate social responsibility becomes a threatening concept to most business as well as public organizations (Jayasuriya, 2006). Corporate social responsibility (CSR) is a set of voluntary corporate actions designed to improve corporate impacts on society.…”

“…According to Jayasuriya (2006), the frontiers of corporate responsibility continue to expand, casting a wider net to encompass almost all those who have something to do with corporate practices and management. Therefore, the regulatory landscape is rapidly changing and trained staff in corporations is required to deal with the new requirements.…”