Posted by & filed under Accounting Principles, Auditing, Financial Accounting, Financial Reporting and Analysis, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

During the summer of 2011, Professor Julius Nyang’oro, an internationally respected scholar and longtime chairman of the African and Afro-American studies department at the University of North Carolina offered a lecture course called AFAM 280: Blacks in North Carolina. Nineteen undergraduates signed up. The problem was that the course never met and the all of the students received good grades.

Questions:
1. Why is the Professor being indicted criminally? Is anyone suspected of the same behavior? Discuss.
2. Who were 18 of the 19 students? Relate the ethics of this in terms of “substance over form” that is referred to accounting.
3. Based on the article, would you say that collusion was involved? Discuss.
4. Explain the term “balkanized” in the context of this story.

Source:
Lyall, S. (2014). A’s for Athletes, but Charges of Fraud at North Carolina. The New York Times, Jan. 1 (Retrievable online at http://www.nytimes.com/2014/01/01/sports/as-for-athletes-but-charges-of-tar-heel-fraud.html?hp&_r=0)