A Set of Limited Asian Pacific Corporate Governance Standards after Financial Crisis - Cases in Japan and Philippines and Implications for Auditing

Up to now there are some researches done in the field of giving a framework of implementation of corporate governance standards after corporate scandals, negative market manipulation during the post-crisis periods. This paper mainly concentrates on empirical research for findings in this field, esp. Accounting scandals leading to bankruptcies and left lessons for building corporate governance standards, such as enhancing capability of internal and external auditing in firms. First, it came up with two (2) groups of findings on corporate governance subjects in the post-crisis and post-scandal time. It found out that companies in these periods have certain corporate governance issues such as how to better organize an information disclosure system.