Ethics and governance in the European Financial centers

“Despite the challenges posed by the continuing credit crunch particularly, in developed markets, PwC’s results held up well, and all of our lines of business and firms continue to grow.”

Samuel A. DiPiazza Jr, CEO PricewaterhouseCoopers International in a press release.

I find it indecent that in the current financial mess with probably some auditors' responsibility whatever firm, what counts for PwC should be growing i.e. making money. Dont't you?


What about the IFAC warning ?

“If the CEO’s message is aggressive growth and ‘make the numbers’ first and foremost, then the organization will reflect those priorities. If the CEO emphasizes transparency and integrity, as well as performance, then the organization will respond accordingly"

Mr DiPiazza does not call for transparency and integrity in the press release.

I am sad of that.