Professor Elam

Monday April 15 2013

Here is the latest on the KPMG Audit Partner.

This fellow leaked information in exchange for a $12,000 rolex watch and an unknown amount of money but it was apparenlty tens of thousands not millions. After a 29 year career at one firm and rising to partner this is quite a statement. Would you trade your reputation for a watch?  I like my Timex, I have owned a Rolex and the Timex far handier. I am also not worried about anyone stealing my beat up $35 watch. 

I hope the class will read some other articles on this, a longer one is embedded in this link. This makes for an excellent ethics discussion in class. 

IN Ethics class we discussed the record fine KPMG paid just ten years ago for peddling tax shelters. 

Here is  a link to the KPMG Case I published.