Posts Categorized: Ethical Dilemma

Trustify cannot be Trusted

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, the CEO for a sort of “Uber for private investigators” called Trustify was sentenced to 97 months this week for fraud. Questions: What is the CEO’s name and age? Did the company make a profit? Explain. Originally the CEO was sentenced for 9 years. Why was his sentence shortened? How… Read more »

Ransomware Update

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, IFRS, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to Techrepublic.com, cybercriminals have attacked hospitals and other healthcare organizations with double-extortion ransomware attacks during the COVID pandemic. Questions: What is a double-extortion ransomware attack and how many different ransomware variants are now using the double-extortion plot? Why are cybercriminals focusing on hospitals and other healthcare organizations with these even bolder types of attacks?… Read more »

Working Remotely Causes Tax Problems for Some

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, workers may have to file more than one state tax return, and in certain situations they could end up owing taxes in both states. The details depend on your home state and what state you worked in during 2020. Questions: What type of rules apply? If you end up… Read more »

SEC moves toward ESG disclosure enforcement

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to Accounting Today, the SEC has formed a Climate and ESG Task Force in its enforcement division to identify misconduct in environmental, social and governance reporting. Questions: How are accounting firms putting more emphasis on ESG issues? What initiatives are taking place in the area of standard setting? What has a recent study found… Read more »

The Next Name Change?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, after more than 45 years, the Cherokee Nation is asking Jeep to rename its top-selling Cherokee and Grand Cherokee vehicles before the next release. Questions: What other name changes have been requested for popular products? What brought about this movement in consumer goods and services? Was a name other than… Read more »

More about the “Make Amazon Pay” coalition

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the New York Times, Amazon surpasses all largest private employers in adding the number of workers in a single year. Despite this, the costs to workers is not covered by the online giant. Questions: Why does the article claim that health benefits and a 401(k) is not enough to compensate employees? Why was… Read more »

Tesla Invests in BitCoin

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the Washington Post and an SEC report, Tesla has invested  $1.5 billion in bitcoin and plans to start accepting the cryptocurrency as payment in the near future. Questions: As a result of Tesla’s announcement, what happened to the price of bitcoins? Alternatively, did Tesla show as much movement? How does the price of… Read more »

Slippery Slope or A Good Option for Turbulent Times?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, shoppers who use pay-later options tend to spend more and buy more frequently than those who do not. Questions: How much are these buy-now, pay-later services going to grow by 2025? What national chains now have bi-weekly arrangements with customers for everyday purchases? Why are consumer protection experts warning against… Read more »

Are You Paying Hidden Covid Fees?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the Washington Post, businesses across the country may be charging you undisclosed COVID fees. Questions: Consumers in how many states have filed complaints with state attorneys general offices regarding undisclosed COVID-related surcharges? What are these surcharges typically for? What types of businesses are the worst offenders? What measures are health insurance providers taking… Read more »

An Update to Walmart’s Pledge to Fight Systemic Racism

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

In the wake of the George Floyd protests, Walmart pledged to contribute $100 million over 5 years to fight systemic racism. Today, the company reported on its progress. Questions: How much will Walmart and its foundation distribute to 16 nonprofit organizations in its current contribution? Who did Walmart ask to lead the company’s Center for… Read more »