PracticeConsultingEthics risk hits profit levels and client loyalty.

Ethics risk hits profit levels and client loyalty.

Amnesty International this week warned accountants and professional advisers that they will lose business unless ethical and human issues take centre stage in corporate decisions.

Profit levels and client loyalty are at risk if business services are seen to be associated with unethical activity, the human rights group claimed.

Accountancy Age last week revealed that Grant Thornton is acting as adviser to controversial diamond mining company Oryx in its bid for a listing on the London stock exchange.

‘Companies are increasingly targeted by public opinion if their business is seen to be out of step with public morality’, an Amnesty spokesman said. ‘It’s very clear that the public take as much note about who you work with as what you do.’

He said investment firms have already felt the brunt of being associated with businesses linked to violations, and it would not be long before the public started to look at the association of other sectors.

‘You no longer have to be directly involved with violations to become a target of public opinion’, he added.

Amnesty’s Human Rights – is it any of your business? report urges company wide strategies.

It highlights a reputation assurance package drawn up by PricewaterhouseCoopers to help multinationals construct ethical policies.

www.amnesty.org.uk.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer