The academic who wrote a report commissioned by The Australian Accounting Standards Board (AASB), into the big four consultancies.

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The academic who wrote a report commissioned by The Australian Accounting Standards Board (AASB), into the big four consultancies. Alleges to a parliamentary inquiry into the ethics and professional standards of the consulting industry, that a government agency censored a major study that was critical of the big four consultancy firms because their partners sat on its board.

“We were told we probably shouldn’t put it in the report because each of the representatives of the big four sit on the accounting standards board and they do it voluntarily, which is a problem,” Carey told the inquiry this week.

In response, the Labor senator Deborah O’Neill, who leads the inquiry, asked: “We’re in the world of regulatory capture here, aren’t we?” Carey replied: “We are.”

Ted Dziekanowski – Regulatory capture, a theory that regulatory agencies may be dominated by the interests they regulate and not by the public interest.

Brian D. McCarthy Rachel V. Rose, JD, MBA Bob Dix

#cybersecurity #cyberriskmanagement #audit

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