Senate Corporate Ethics NPR's Larry Abramson reports on a new piece of legislation passed by the Senate that is designed to crack down on corporate fraud. The bill calls for the creation of an independent oversight board with the power to create accounting standards and punish deviant firms. The recent discovery of questionable bookkeeping by major corporations, along with a diving stock market, may have added pressure to push the bill through Congress. But some Senators have criticized the legislation, saying it could stifle the kind of business innovation that will revitalize the market.
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Senate Corporate Ethics

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Senate Corporate Ethics

Senate Corporate Ethics

Senate Corporate Ethics

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  • <iframe src="https://www.npr.org/player/embed/1146746/146746" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

NPR's Larry Abramson reports on a new piece of legislation passed by the Senate that is designed to crack down on corporate fraud. The bill calls for the creation of an independent oversight board with the power to create accounting standards and punish deviant firms. The recent discovery of questionable bookkeeping by major corporations, along with a diving stock market, may have added pressure to push the bill through Congress. But some Senators have criticized the legislation, saying it could stifle the kind of business innovation that will revitalize the market.