{ "media_type": "text", "post_content": "Yo EY, why do you currently audit Corrections Corporation of America, a private prison company? Are you just going to talk about Diversity and Inclusion or are you going to put your money where your mouth is?", "post_id": "5ed7cee7eed5060020c20256", "reply_count": 21, "vote_count": 9, "bowl_id": "5e6fe1c31f5e51001d267e46", "bowl_name": "Coronavirus Work-life" }

Yo EY, why do you currently audit Corrections Corporation of America, a private prison company? Are you just going to talk about Diversity and Inclusion or are you going to put your money where your mouth is?

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Someone has to audit them no? You want us to pass it off to you K1?

likefunnyuplifting

Seems like people fundamentally don’t understand audit. US law doesn’t require us to take on any audits at all. Smaller audit firms aren’t able to audit companies who operate at large scale, but I’m sure some would try. If a company can’t get an auditor, their status as a public company would be under question by exchanges. They wouldn’t be able to access public equity markets. And debt markets would require higher interest rates due to higher risk from not having a B4 audit.

likehelpful

Yo KPMG, no endorsement of EY's business decision, but the other Big 4 are probably in there selling advisory services and actually helping them grow the business.

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Agreed! We all need to get out of these companies. But don’t underestimate the importance of audit. A big four audit stamp means a lot to lenders, stock exchanges, etc

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OP - why don’t you stop preaching and join a NGO — volunteer your time for a cause.

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No disrespect to NGOs, but companies like ours have much greater ability to impact change. If not us, then who.

likefunny

OP - is this emotional arm twisting as a business development technique? ;)

likefunny

If only ;)

I actually have hurt my career my choosing not to work on certain clients. I can't help what my company does but I can have some morals and put money where my mouth is.

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Respect!! Starting with yourself is the best place to start. Don’t underestimate your ability to make change in your company though - in my experience, leadership everywhere is super reactionary and they’re just as scared and making it up on the fly as everyone else

We aren’t picky we will take all clients

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FYI - they’re now known as CoreCivic - much nicer and blander name.

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What’s the ethical concern with a private prison?!?! Jesus take the wheel....

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WTF is that supposed to mean? Sorry I don't keep up with the unethical practices of every industry.

Would you prefer that they do not have accountability over their expenses or financial controls? 🤨

Every big bank has already said they refuse to fund private prison co’s. These things are possible, they just require courage.

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What's the ethical concern with a private prison company? Sorry, feel like I'm missing something.

I would recommend watching 13th on Netflix to get an understanding of what the ethical issues are. However cliff notes are that private prisons require prisoners to profit, which means there is an incentive to pass laws that lock up people and crowd our prison population.

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At your firm, how would you say internal initiatives/ ENGs are split by gender? Flipping through some of ours, I’m seeing the majority are women. How can we get men more involved?

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The only people who don't believe that sexism/racism/gender inequality exists in this industry have been fortunate enough to never experience it for themselves.

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Someone in an HR session asked how Diversity and Inclusion retention/promotion efforts could negatively impact people who aren't "diverse." That's a bad look bruh.

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Demographic check. Post your age and gender.

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Get to know me! - Worked in Tech for over 20 yrs - Born and raised in The Dominican Republic - Moved to he US at 17 after HD - Living in NYC - Started as a Help Desk Support Technician - Love humans way more than technology - Fierce advocate for Diversity and Inclusion - My mission si to elevate the voices of women and underrepresented minorities in Tech - Love traveling and photography - Ready to give back! How about you?

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