Editorial comment suggesting that an international solution is required, potentially through the cooperation of OECD states to ensure minimum standards of financial reporting for publicly listed companies and appropriate codes of practice for auditors who advise them. Brief comment by Dr Kern Alexander (Butterworths Senior Research Fellow, International Financial Regulation and Postgraduate Tutor in Law, IALS) - published in Amicus Curiae - Journal of the Institute of Advanced Legal Studies and its Society for Advanced Legal Studies. The Journal is produced by the Society for Advanced Legal Studies at the Institute of Advanced Legal Studies, University of London.