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Home → Publications → Reports → AIC conference proceedings → 10 → Professional advisers and white-collar illegality : towards explaining and excusing professional failure

Conference Papers

Professional advisers and white-collar illegality : towards explaining and excusing professional failure

Peter Grabosky

Published in:
Complex commercial fraud : proceedings of a conference held 20-23 August 1991
Peter N Grabosky (ed)
ISBN 0 642 16992 6 ; ISSN 1034-5086
(AIC Conference Proceedings; no. 10)

Abstract

Professional advisers play a pivotal role in the prevention and control of white collar crime. Professional guidance is often required to ensure compliance with regulatory requirements. Where auditors, lawyers etc fail to detect or control a violation this may be explained by: competitive pressures; normative ambiguity; models of the professional client relationship; organisational constraints; and individual level explanations. Loyalty to clients may be used as an excuse for failing to control or detect illegality. (Paper first published in the University of New South Wales Law Journal, 13(1), 1990; 73-96)