In a recent meeting, the Federal Trade Commission (FTC) challenged more than 100 patents held by manufacturers of brand-name asthma inhalers, epinephrine autoinjectors, and other drug products as improperly or inaccurately listed in the Food and Drug Administration’s (FDA) publication of “Approved Drug Products with Therapeutic Equivalence Evaluations,” commonly known as the “Orange Book.” Questions:… Read more »
Posts Categorized: Auditing
The Troubling Cost of Salmon
According to the New York Times, land-based aquaculture for farm-raised salmon stands to upend an industry plagued by environmental concerns. Question: Source: Clark, M. (2023). The Salmon on Your Plate Has a Troubling Cost. These Farms Offer Hope. The New York Times, Oct. 16 (Retrievable online at https://www.nytimes.com/2023/10/16/dining/farm-raised-salmon-sustainability.html)
Is Zombie World in Our Future?
According to the New York Times, it is possible that the Net may be the habitat of AI agents, which are being transformed from chatbots that play games, query websites, schedule meetings, build bar charts and do much more. Questions: Source: Metz, C. and K. Weize. (2023). How ‘A.I. Agents’ That Roam the Internet Could… Read more »
Some Interesting and Difficult Issues Surround the RiteAid Bankruptcy!
According to the New York Times, RiteAid, one of the country’s largest pharmacy chains, faces more than a thousand lawsuits that say it filled illegal prescriptions for painkillers. Questions: Source: Holman, J. and L. Hirsch. (2023). Rite Aid, Facing Slumping Sales and Opioid Suits, Files for Bankruptcy. The New York Times, Oct. 16 (Retrievable online… Read more »
Ergonomic Nightmares and Its Not Even Halloween!
According to the Washington Post, state labor regulators in Washington state allege that working at Amazon exposes staff to increased risk of ergonomic injury and musculoskeletal disorders as they awkwardly bend and twist to move goods through the warehouse. Questions: Source: O’Donovan, C. (2023). Regulators struggle to rein in Amazon on safety for warehouse workers…. Read more »
Forced Labor for the Sake of EV?
According to the Washington Post, Tesla has been conspicuously silent when it comes to China, despite evidence that materials that go into its vehicles come from the Xinjiang region, where forced labor has been rampant. Questions: Source: Halper, E. (2023). EV makers’ Use of Chinese Suppliers Raises Concerns About Forced Labor. The Washington Post, Sep…. Read more »
Beware Evil-Doers!
IRS Commissioner Daniel Werfel said Monday in a letter to leaders of the Senate Finance Committee that the agency would renew its effort to crack down on predatory (or bad) preparers. Questions: Source: Weil, J. (2023). IRS vows to crack down on predatory preparers, change audit strategy. The Washington Post, Sep. 18 (Retrievable online at… Read more »
Crackdown on COVID frauds
In the last week, the U.S. Department of Justice announced that it has cracked down on 3,195 individuals that have fraudulently obtained pandemic relief funds. Questions: Source: Fowle, D. (2023). Justice Department arrests nearly 3,200 for COVID relief-related fraud. Fox News, August 30 (Retrievable online at https://www.fox5atlanta.com/news/justice-dept-arrests-nearly-3200-people-for-covid-related-fraud-murder-for-hire-plot-interrupted)
Would you Take a Chance on Fyre Festival 2?
According to the New York Times, Billy McFarland is out of jail and selling tickets to Fyre Festival 2. Questions: Bernstein, J. (2022). Billy McFarland Is Out of Jail and Ready for His Next Move. The New York Times, September 14 (Retrievable online at https://www.nytimes.com/2022/09/10/fashion/billy-mcfarland-release.html) Zahn, M. and L. Barr. (2023). Fyre Festival 2 tickets… Read more »
Judge Vacates Conviction for Bribery Fraud Regarding Lucrative Rights To View Soccer Tournaments
According to the New York Times, Hernán López, a former Fox employee, and an Argentine sports marketing company had been convicted of participating in a bribery scheme to secure rights to widely viewed soccer tournaments. Now an acquittal. Questions: Meko, H. and K. Bensinger. (2023). Judge Vacates Convictions in Bribery Case Over Soccer Broadcast Deals…. Read more »