Article

Book review: Gatekeepers: the Professions and Corporate Governance: John C. Coffee Jr. Oxford University Press, Oxford, 2006

August 2008
Accounting History 13(3):383-386

DOI:10.1177/1032373208091533

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Article

Should we trust the gatekeepers?: Auditors’ and lawyers’ liability for clients’ misconduct

March 2007 · International Review of Law and Economics

Many corporate scandals of the past years (Enron, Worldcom) have made apparent the essential role of professional service providers, such as auditors, corporate lawyers, and securities analysts, in detecting and revealing corporate misconduct on the part of their clients [Coffee, J., Jr. (2006). Gatekeepers. The role of the professions in corporate governance. Oxford University Press]. Political ... [Show full abstract] and legal responses in the aftermath of those scandals have increased the level of regulatory intervention upon auditors and lawyers. For instance, several measures were introduced in the Sarbanes–Oxley Act of 2002, and were recommended by the European Commission.