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What other types of corporate governance procedures and/or mechanisms can an organization enact to prevent improper behavior?

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What other types of corporate governance procedures and/or mechanisms can an organization enact to prevent improper behavior?

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Cannella: I really think that the key here is in the recovery of trust in the public accounting firms. This is where the huge failure came about anyway. No investor worth his or her salt “trusts” managers in a general sense. There is simply too much conflict of interest in that setting. However, most investors (and academic researchers) trusted public accounting firms until the Enron thing hit. Here, the public accounting firms worked hand in glove with the executives to defraud investors. Honestly, I believe that the founders of these public accounting firms were turning in their graves about this. Public accounting firms used to stand for principles, and stand very strongly for them. Today, they seem like cheap sellouts. This is where the confidence is needed. If I can’t trust the public accountants, there is no way I can count on the financial statements that they certify. Again, rebuilding confidence in public accounting firms will be key to regaining confidence in public corporati

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