Jim Turley (Chairman and CEO of Ernst&Young)

However , under his leadership , Ernst Young has defined its Quality in Everything We Do ' corporate culture (Ernst Young . Therefore , Jim Turley has brought the difference of creating a corporate culture in Ernst Young

According to available information on the important involvements of Jim he has contributed immensely in overseeing the improvement of public trust on professional services firms . To achieve this crucial concern for the sustainable social and economic development in the global community , Turley has been actively engaging stakeholders (Center for Audit Quality . Investor confidence is usually defined by the

accuracy of financial statements provided by an organization . Indeed , this is what determines the reputation of the organization in the general public . Therefore , the move by Jim Turley to actively engage stakeholders in the economic sector is quite important in promoting economic prosperity

To serve as an example , by 2002 , the American nation witnessed the downfall of various big public corporations such as Enron and WorldCom due to financial scandals . It is with clear evidence from this that investor lost billions of dollars due to misrepresentation of financial statements by these corporations . This had the end result of compromising the investment confidence of investors in the US stock market . It is due to this that the efforts by Jim Turley to ensure enhancement of public trust in professional service firms and quality financing reporting is a milestone in building the reputation of Ernst Young (Price College of Business

Jim Turley has rightly been identified by many as an advocate of change in the accounting practices . From historical records , accounting practices have been marked with numerous irregularities . Indeed , these have formed the underlying reasons behind the downfall of many reputable organizations across the globe . Although the aim of any investment is to maximize its profitability and thus its capital base...