IFBM conference 2018: Financial scandals
Video recordings, blog posts and academic papers from the 2018 Information for Better Markets conference.
From the fall of the Medici Bank in the 15th Century through to the financial crisis of 2008 and recent business failures, the world has seen many financial scandals. Over the years much effort has gone into preventing further scandals, with financial reporting standards and reporting increasingly being used as part of a possible solution – as demonstrated by the scale of the financial reporting response to the 2008 financial crisis. The 2018 IFBM conference explored what we can learn from financial scandals, past and present, by bringing together academics and non-academics to debate the issues, including the findings of four research papers specially commissioned for this event.
Professor Steve Toms, Leeds University Business School, focuses on global fraud and financial scandals prior to Enron, highlighting the regulatory response to scandals and implications for accounting and financial reporting.
The response from Gillian Tett, The Financial Times
Professor Kees Camfferman, VU University Amsterdam, examines whether regulatory responses to recent financial reporting scandals are proving effective in preventing new scandals.
The response from Bridget Gandy, Eaglescott Limited
Professor John Coffee, Columbia Law School, looks at auditing failures, why certain remedies may not address the problem and what could change in the future.
The response from Michael Izza, Chief Executive, ICAEW
Professor Penelope Tuck, Birmingham University Business School, considers the increasing role of financial reporting in response to calls for increased transparency about the tax affairs of multinational entities.
The response from Richard Murphy, Tax Research UK
Drawings by Scriberia.