Fraud in Financial Statements Feed

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 →


Turmoil at the PCAOB: Has the PCAOB Lived Up to its Mandate?

Protecting the Public Interest I recently participated in the Ethics Symposium at the Annual Meeting of the American Accounting Association. A colleague of mine, Sri Ramamoorti from the University of Dayton, had very important comments about the Public Company Accounting Oversight Board (PCAOB),that regulates audits and auditors. In other words,... Read more →


Creating a "Speak Up Culture" in the Workplace

Reporting Wrongdoing Enhances Workplace Ethics I have previously blogged about the speak up culture, a phenomenon that broadly encourages employees to bring matters of concern to top management so that corrective action can be taken when warranted. What is a Speak Up Culture? Tanya Finnie addresses the issue in a... Read more →


SEC Investigation of Auditors Driven by Conflicts of Interest and a Lack of Independence

Is the SEC the Cause of the Problem? I have blogged before about the problems the Big Four accounting firms are having with respect to conflicts of interests and independence impairments. These concerns have moved the SEC to launch a probe into how firms manage conflicts of interest caused by... Read more →


Do Auditors Adequately Assess Audit Quality?

Measurement of Audit Quality is the Key This blog is a continuation of one I posted earlier today and follows up on a blog posted a couple of weeks ago. The question of whether audits provide useful information and protect investors has been discussed for many years. It is an... Read more →


Theranos CEO, Elizabeth Holmes, Found Guilty on Four Counts

Accounting for “Bad Blood” I have previously blogged about Theranos, explaining the course of events that led to its demise. Last week, founder and former CEO Elizabeth Holmes, was found guilty on one count of conspiracy to defraud investors as well as three wire fraud counts tied to specific investors.... Read more →