Notes on Good Performance

The audit findings on the financial reports of IBRA for 2001 no longer carry an auditor's disclaimer. Has there really been an improvement?

October 15, 2002

In business, honesty is a rarity. Yet this does not mean that honesty isn't a necessity. While the value of honesty is not measurable, it can be very expensive. Manipulation of the audit findings on Enron and WorldCom accounts proves that the US business giants have to pay a high price for being dishonest.

Two lessons can be learned from the Enron and WorldCom cases. First, a business can deceive millions of people, but it can't deceiv

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