BAE: false accounting – and false accountability

BAE has admitted to false accounting. Conveniently this means that it will not face any fuller disclosure in court or charges of corruption.

In 2000 BAE’s CEO declared: ‘I am pleased to reaffirm BAE Systems plc’s commitment to adhering to the highest ethical standards in the conduct of its business throughout the world’.

Today, the summary of the Woolf Report, which in 2008 set out BAE’s routemap to ’a global reputation for ethical business conduct that matches its reputation for outstanding technical competence’, seems to be mysteriously unavailable from its website…well, they do need a new one.