Corporate scandals of recent years have driven investor and consumer confidence to all-time lows. Regardless of whether it is bad business ethics from management, creative accounting techniques, lack of transparency, political contributions or fraud, the proliferation of negative corporate news spells disaster for businesses hoping to have a long-term future.

But we can all learn valuable lessons from our past experiences. Below are some local cases including several major accounting or fraud scandals which we, as professional accountants, can draw inferences to guide to move in the right way forward - the ethical way.