Question 1. Since the Enron scandal, Sarbanes Oxley has required controls and sign off of the financial statements by the CEO. This has codified into law what was expected of management. There is constant pressure to deliver the goods and report financial results in line with forecasts. What kind of ethical problems does this create?
Question 2. The importance of budgets in managing business and other financial organizations seems like a no brainer. In some managers it is a mere exercise in numbers and in some organizations it is a political football. What is your opinion on the use of budgets, their purposes and their uses or abuses as a management tool?