Independent directors have a special obligation to provide checks and balances and play a “whistleblowing role”, if necessary. Three, external auditors must also recognize their fiduciary responsibilities and must be held accountable. The self-regulatory bodies must set and enforce the highest auditing standards. That’s the legacy of Enron and World com.
With the economy expected to remain near its production capacity throughout this period, core inflation is projected to move back up to the 2 per cent target by the end of 2005.