Speaking on BBC Radio 4’s The Today Programme, Watkins, a qualified accountant and former vice president of corporate development at Enron, said although the country’s top prosecutors were handling the case, she was disappointed that two years on neither Jeffery Skilling nor Kenneth Lay, both former CEOs, have not yet been indicted.
She described Enron as having a ‘fig leaf of propriety about its fraudulent structures’ with former auditors Andersen and other law firms signing everything off making it much harder to show criminal intent.
‘Until execs start going to prison, you will still have companies trying to get away with criminal activity. You need to see execs in prison to changes behavior,’ Watkins added.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016