Fraud Feed

When Should You Blow the Whistle?

A Cautionary Tale I’ve always been intrigued by the philosophy of whistleblowing. It is an act of conscience and not motivated by self-interest. A broad view of whistleblowing is the disclosure by organization members (former or current) of illegal, immoral, or illegitimate practices under the control of their employers, to... Read more →


WHY GEN Z IS LEAST LIKELY TO REPORT WORKPLACE MISCONDUCT

THE IMPORTANCE OF WHISTLEBLOWING POLICIES In a recent study by Ethisphere it was stated that younger workers are more willing to report workplace misbehavior than workers from other generations, yet they are less likely to report it. The reason given is that they lack the confidence in their employer’s anti-retaliation... Read more →


When Should Clawback Provisions Be Used

Holding CEOs Accountable for Fraudulent Activities I have previously blogged about the 324:1 ratio of pay packages, on average, for S&P 500 CEOs when compared to the average worker Pay. In this blog I look at claw backs, a provision that enables a company and/or the SEC to go after... Read more →


Ethical Obligations and Decision Making in Accounting: Text & Cases, 6th edition

Book Review I want to share with my readers a review of my accounting ethics textbook that was just published in The CPA Journal. I am proud to say the review highly recommends the book. This is the sixth edition of my book that spans more than twenty years of... Read more →


Tone at the Top Defines Ethical Culture in the Workplace

What is Management's Role? What would you do if you discovered that a superior was engaged in inappropriate conduct? Beyond matters that deal with sexual harassment and other forms of discrimination that should be reported to the Human Resources Department, employees sometimes uncover fraudulent financial practices and are faced with... Read more →


SEC Narrows Eligibility for Dodd-Frank Whistleblower Awards

Will Whistleblowers Still Come Forward? A new SEC rule interpretation threatens to weaken the incentive for external whistleblowers to come forward with details about potential corporate fraud. The clarification states that a whistleblower’s tip has to offer insight “beyond what would be reasonably apparent” to the agency from publicly available... Read more →


Ethics Sage Interviewed for his Views on Political Ethics

Steven Mintz, aka Ethics Sage, Has Been Interviewed by Multi-Media Outlets For His Views on the Ethics of Politicians Who Say One Thing to the Public About Safe-distancing during the Pandemic But Don't Follow Their Own Advice. Steve Mintz was interviewed last week by KTVU FOX News in S.F. about... Read more →


Ethics in the Workplace

Fraud: Behavioral Attributes and Detection No one can deny that fraud is increasing in organizations. Most recently, there have been multiple disclosures of fraud in the government's loan program that is designed to help small businesses navigate through the COVID-19 pandemic. Individuals who are engaged in occupational fraud schemes often... Read more →


What is Fraud?

The Ethical Costs of Deception in the Workplace Introduction Fraud can be defined as a deliberate misrepresentation to gain an advantage over another party. If you were to apply for a home mortgage loan and include a source of income as part of your earnings but it doesn’t exist, you... Read more →


The Key to Ethical AI is Transparency

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 →