Accounting
Holier than thou
Feb 6th 2003 From The Economist print edition
European sanctimony over American accounting scandals is misplaced
EVER since the bankruptcy of Enron, European accountants have been quietly congratulating themselves. It couldn't have happened here, they say. American rules on accounting and auditing are clearly not all they were cracked up to be. Some officials even hint that Europeans have better morals. American businessmen, they believe, with their corporate jets and stock options, are simply greedier.
http://www.economist.com/finance/displayStory.cfm?story_id=1566871