Bring Ethical Assets Premium Account in Balance Sheet – And Eradicate Corporate Corruption. How to?

This is my letter to The Prime Minister of India suggesting how to eradicate Corporate Corruption? I specify the role of Audit Profession and its need of the hour.

Balance Sheet is bereft of any Ethical Assets that many companies do seriously make use of but are not able to represent the same in the Balance Sheet. Unlike Brand Value dominant in 1980s that resulted in creating standard for IAS 38 Intangible Asset, today use of many a standard Policy document such as UNCAC gets hidden as to be never brought to the forefront of market analysis. It is indeed a surprise why it is not so. By bringing it up in the Balance Sheet companies would find themselves a class of their own. I am suggesting how to do that?

Audit profession has taken a toll and mainly the Big 4 firms. It is a great opportunity for the Audit Profession as a whole to verify the Ethical Assets Premium Account and take a step in enhancing their professional capability.

RFP – Creating Digital Record of Pursuing Excellence for Corporate CREAM Report and Corporate Managers: Dynamic Database of Fiscal and Ethical Assets, Blockchain and #AI Technology assisted

Ask not why VW failed to measure upto, Ask why am I grappled with How To Measure? Resolve with one & the Only Corporate Management Operating System

Source: Ask not why VW failed to measure upto, Ask why am I grappled with How To Measure? Resolve with one & the Only Corporate Management Operating System

Ask not why VW failed to measure upto, Ask why am I grappled with How To Measure? Resolve with one & the Only Corporate Management Operating System

  • Correcting the fault lines in Volkswagen needs fundamental change of corporate restructuring.
  • Ethics is subtler than the subtle that aligning Fiscal Responsibility to Ethical Responsibility is a challenge only a few companies are structured to undertake. Spreadsheet structure is an anomaly.

  • Let us watch how Volkswagen takes it?

 

Jayaraman Rajah Iyer

Kodaikanal, India

+919487390439

jayar@ibcm.in

4th October 2015