Providing coverage of Alaska and northern Canada's oil and gas industryMay 2003
| Vol. 8, No. 19 | Week of May 11, 2003 |
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Canada’s energy sector gets B-minus
A survey by KPMG Forensic gave Canada’s energy and natural resource companies a B-minus for managing fraud risk, lagging behind a B for the overall corporate sector. KPMG said in a news release that further action is needed to safeguard against losses and build confidence among energy and resource investors and customers. It said a B-minus grade was no longer acceptable when shareholders insisted on an A rating.
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