Question for the auditors in the crowd – have you ever come across a nefarious situation in your career and thought, "You know, if doing the right thing were to pay better than doing the wrong thing, I'd walk away from this client in a second."?
Of course you have. That's pretty much the norm in the contemporary age of a capital market servitude. Well, Grant Thornton International CEO Ed Nusbaum aims to change that. Eddie believes that auditors can still "do more" and to think otherwise is a "cop-out." Of course sometimes "more" requires "more." Luckily, the Baumer can address that as well:
“I have given very substantial bonuses to people for walking away from a potential problem,” he said during a stop in Toronto for an event at Grant Thornton’s Canadian operations. “This was very well received. Paying bonuses for doing the right thing is as important as paying bonuses for any part of the business.”
Doing the right thing is hard.
Being bribed to do the right thing will be a little easier. Doing the right thing for a bonus will be a little easier.
'Cop-out' to say auditors can’t do more: Grant Thornton CEO [NP]