Monday Sept 14 2020 We study corporate governance in ACCT 5308 Ethics. Here is an example of governance gone awry. The mining company has long apologized for the destruction of the rockshelters at the Juukan Gorge in the Pilbara region of Western Australia, saying that it should have never happened. The blasts of the caves…

Friday Sept 11 2020 Elizabeth Holmes is he former CEO of now disgraced Theranos. Read the background at the link. She is now apparently planning a mental illness defense for defrauding so many investors. Trial set for March 2021.

Thursday Sept 10 Seema Verma was in charge of Medicaid. But she spent tax money lavishly to bolster her position with consultants I never run out of new material  for the ethics class.

Weekend Sept 7 2020 A shot fired in anger backfires on the player , the number one Rank to win the US Open. Takeaway – stay cool – open displays of anger do not pay off.   https://apnews.com/7b58237780cf41d7a375acfbd12e9c6c   NEW YORK (AP) — Novak Djokovic was kicked out of the U.S. Open for accidentally hitting…

Wed Sept  2 2020 In reading your blogs, several students have indicated an interest in forensic accounting. This involves investigation of fraud, analysis of internal control to prevent fraud, or litigation support.  If you have not see the movie, Catch Me If you Can, it is highly recommended. The movie tells the story of a…

Monday August 31 2020 A comment from a student writing his reflection on Emerso Living by good character may lead to disapproval by others, but pleasing others’ is not the main goal in life That reminded me of a song by Ricky Nelson. Ricky was the real life son of Ozzie and Harriett Nelson. The…

Monday August 10 2020 An old saying on Wall Street has it that bulls and bears make money but pigs (greed) get slaughtered   that is the case for the recent up down price action in Kodak Execs voted themselves massive stock options prior to announcing a govt loan to finance Kodak assisting in Covid…

Thursday July 30 2020 We have recently studied factoring the process of selling accounts receivable to a third party to raise cash. I warned that once this begins it is difficult for a company to extract itself from the process. And we might add there is great potential for fraud. Ronald Schroeder has a long…

After 26  straight quarters of 20% growth, the SEC is questioning UA's accounting practices. It appears UA has been channel stuffing.  This means they 'sold' goods to customers at quarter end but the customer did  not have to pay, so accepted the goods, or at least did not have to pay right then. UA's shares…