Category: Ethics
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Tuesday Sept 23 2014 The SEC awarrded an undisclosed Whistleblower $30,000,000. Dodd Frank allows the SEC to award the Whistleblower 10-30% of the money it collects. Clearly this large award is an attempt to bring others forward who might know something. I am wondering how many false leads and stories such rewards will generate.
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Monday Sept 22 2014 PCAOB Set to Rule on Auditor Disclosure Audit Firms lobby for alternatives REuglators Accounting Firms Bicker over Audit Rule - this maynow work unless you subscribe The PCAOB has proposed that the audit partner in charge reveal his or her name in the statement submitted with the annual report. Not surprisingly the…
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Friday Sept 19 2014 Once the lie begins, it is necessary to continue the deception. HEre are stories about five high profile individuals who lied about having a college degree. This sort of lie is so prevalent that now most employers, certainly universities, require the transcript be sent un openned from the originating school to them. …
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Mnday Sept 8 2014 Martoma at SAC received nine years to do in Federal Prison as a result of an elaborate insider trading scheme. The trading fund apparently made some $275 million as a result of trading on inside information. And Martoma was hit with a multi million dollar fine.
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Monday August 11, 2014 In Texas the Chief Financial Officer in County Government is termed the County Auditor. The Auditor is appointed by the District Judge. Unlike a city, each county department is headed by an elected official. So the County Auditor should be an independent guardian of the public trust. McAllen and Edinburg are…
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Monday July 21, 2014 Police arressted a woman after she posted a photo of herself in a stolen dress. The store owner had posted a description of the stolen property asking store patrons to noifty him if they saw someone wearing the dress. Reports indicate the accused does not have a listd phone number, or…
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Friday July 18, 2014 We offer ACCT 5308, the required Ethics classin the spring which is required to sit for the Texas CPA exam. The last two years I have begun a blog post that accumulates ethical lapses and misdeeds. It was amazing both times how many occurred. This sets the stage for our discussion of…
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Weekend June 22, 2014 Lance Armstrong finally admitting doping while cycling. And now the USPS wants its sponsor money back, in fact three times that. Armstrong replies that USPS got what it wanted, lots of publicity at the time. The later revelations did not diminsh that. Hmm, nevertheless the government is suing. Does the government…
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Thursday June 5 2014 Creating an ethical culture begins with the message sent from the top of the organization. Read here how a culture of cover up developed at the VA. If you know anyone using the VA you are aware of their complaints. How did the top brass miss all those complaints? While they…
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Thursday May 1, 2014 MBAs are reading Plato to get the big picture. I got a mention at the national AAA meeting a few years back wtih my class project. Terry Malloy Meets Plato. Terry Malloy is the character played by Marlon Brando in On the Waterfront. Plato imagined an ideal society of Rulers, Warriors, and…
