Illicit and illegally earned money is seeping into the regular banking channels and through that in our life and national economies. National economic accounting is at the cross roads and effect of this untaxed money or black money is reflecting in the failure of controlling the inflationary effects on the economy. Corporate governance since SOX improved to a greater extent in USA. However, most of the third World economies have never really bothered to implement the best practices seriously. Mostly, corporate governance is an instrument of choice in such economies and remains on paper only. This ebook has brought some excellent articles on these matters of concern. The coverage is global and shows that how various economies in the World are facing such grievous issues.