The documentary “The China Hustle” exposes fraudulent transnational listings that are costing millions of investors billions of dollars. How can stock markets around the world combat this major threat to the global economy? The answer may lie in extraterritoriality.
Governments come and go. A country's vision or strategy tries to tie these governments' policies together to tell a story about how a country will progress economically, culturally, and socially. Auditors play a key, if little understood role, in these strategies' success. More of these plans, and the centers of government that oversee them, should be audited. Public audit reports can also attract research and practical interest in these plans' successes and failures.
Governments are preparing for huge Covid-19-related spending that could lead to vast wastage. That can be prevented, argues Bryane Michael of The University of Hong Kong.