CANADA SURVEY
March 1st, 2004
BY MONICA DOBIE
CORPORATE directors in Canada are bracing themselves for accounting scandals in their own companies, according to a survey by KPMG. Of 116 directors surveyed, 46 per cent said it was possible their own boards could face problems of financial misconduct while only 54 per cent were confident they would not encounter incidences of financial manipulation. Only 28 per cent of those directors responding considered their board as being responsible for ensuring legitimate in house finances.
CORPORATE directors in Canada are bracing themselves for accounting scandals in their own companies, according to a survey by KPMG. Of 116 directors surveyed, 46 per cent said it was possible their own boards could face problems of financial misconduct while only 54 per cent were confident they would not encounter incidences of financial manipulation. Only 28 per cent of those directors responding considered their board as being responsible for ensuring legitimate in house finances.
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