ACFE 2020 Report to the Nations on Occupational Fraud and Abuse The 2020 Report to the Nations on Occupational Fraud and Abuse developed by the Association of Certified Fraud Examiners examined 2,504 cases of fraud in 125 countries causing $3.6 billion losses. The results are an eye-opener with respect to... Read more →

Keys to Operating a Successful Cannabis Business State legislation that permits the sale and distribution of marijuana is on the rise. Thirty-three states allow it for recreational and/or medical purposes including the District of Columbia. Cannabis sales were estimated to be $15 billion in 2018 and projected to be about... Read more →

Environmental Considerations of Plastic Straws and Eco Friendly Alternatives The following is a guest post by Jane Sandwood that deals with the important issue of whether plastic straws are better than other forms and the fact that alternatives raise some environmental concerns. 2020 marks that year Starbucks set as its... Read more →

Trust and Verify Artificial Intelligence systems can obscure the data in a way that creates biased information depending on the human values of those who enter the data from its source. For example, an algorithm developed from mortgage loan data might include a variable for the expectation of homeowners’ repayment... Read more →

Actions Constitute an Act Discreditable to the Profession On May 18, 2020, the Securities and Exchange Commission (SEC) announced settled charges against three former KPMG LLP audit partners for improperly sharing answers to internal training exams. The exams were administered to determine whether its audit professionals understood certain accounting and... Read more →

Advice For Navigating the COVID-19 Pandemic The following blog was written by Molly Crockett. You can learn more about her at the end of the blog. In reading her words, it occurred to me her advice is applicable to doing work remotely while we are away from our offices during... Read more →

Should We Buy Into the Business Roundtable Statement on the Purpose of a Corporation? CSR and Serving Society’s Interest in Question This is an extension of a blog I wrote earlier this year based on the Business Roundtable Statement of the Purpose of a Corporation. The statement is really a... Read more →

Making AI Systems Accountable The question of whether artificial intelligence can be used in an ethical, responsible manner has been discussed a lot lately especially in regard to workplace ethics. AI should be used to make our lives easier but it should do so in a responsible, ethical manner. A... Read more →

Being Good By Doing Good Good people strive to do the right thing. They recognize that their actions have consequences. They are aware of the rights of others and act in ways that are consistent with the way they would like to be treated. This is the essence of The... Read more →

Global Reporting Guidelines I’ve been communicating with Michael Kraten, a friend of mind and fellow blogger, about accounting issues surrounding the coronavirus. We agree that companies hard hit by the shutdown should disclose a contingent liability that estimates possible losses as a result of the shutdown. This may be easier... Read more →