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Integrity - use of values or principles to guide action in the situation at hand.

Below are links and discussion related to the values of freedom, hope, trust, privacy, responsibility, safety, and well-being, within business and government situations arising in the areas of security, privacy, technology, corporate governance, sustainability, and CSR.


Ernst & Young suspended from new business for 6 months

Ernst & Young has been barred from accepting new corporate audit clients for six months for failing to maintain its independence from a company whose books it audited.

The administrative law judge at the Securities and Exchange Commission also ordered the nation's third-largest accounting firm to pay $1.7 million in restitution, plus interest. The action on Friday was the first time the SEC had sought the suspension of a major accounting firm since 1975.

New York-based Ernst & Young said it did not plan to appeal the ruling, though it had previously argued its conduct was appropriate and met professional standards.

The SEC said the firm violated rules designed to keep accountants independent from the companies they audit when it engaged in a business deal with software maker PeopleSoft Inc.


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"We shall need compromises in the days ahead, to be sure. But these will be, or should be, compromises of issues, not principles. We can compromise our political positions, but not ourselves. We can resolve the clash of interests without conceding our ideals. And even the necessity for the right kind of compromise does not eliminate the need for those idealists and reformers who keep our compromises moving ahead, who prevent all political situations from meeting the description supplied by Shaw: "smirched with compromise, rotted with opportunism, mildewed by expedience, stretched out of shape with wirepulling and putrefied with permeation.
Compromise need not mean cowardice. .."

John Fitzgerald Kennedy, "Profiles in Courage"


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