Massive Fraud Femme Fitale

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

  According to Masunaga and Peterson, four years ago, the Silicon Valley firm Theranos Inc. was valued at $9 billion and its founder and Chief Executive Elizabeth Holmes was hailed as a potentially revolutionary force in the blood-testing industry. Today, she is deemed a fraudster. Questions: Theranos’ proprietary analyzer could only perform __________ of the… Read more »

Branson

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In a ballroom of a mountain lodge, diversity coach Miguel Joey Aviles, asked whether anyone knew how to merengue. Only two replied: Yes. These were Branson Missouri managers, who said they’re desperate for employees and are paying $50 each for the workshop. They came from hotels, hospitals, hardware stores and banks. The goal of “Hispanics… Read more »

Johnson & Johnson

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According to Douglas House, a new analysis has been released that shows patients with type 2 diabetes (T2D) that are treated with Johnson & Johnson (JNJ) unit Janssen Pharmaceuticals’ INVOKANA (canagliflozin) experienced significantly less risk of cardiovascular (CV) death or hospitalization for heart failure (HHF). Questions: Based on the data, what is the reduction of… Read more »

Trickle Down Tax Cuts from 2017

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Berkshire recorded a hefty windfall from the tax bill that Congress passed at the end of last year. Questions: 1. According to the article, the 2017 tax cut was 2/3 of Berkshire Hathaway’s 2017 Earnings. How much were the earnings and how much (in dollars) was the tax cut? 2. In the past, how did… Read more »

Sitting or Standing at Work?

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According to the Washington Post, a new research study (recently published in the journal Ergonomics) reported that the new standing desks may be bad for your health, since standing at a desk for a prolonged period of time will create “discomfort and deteriorating mental reactiveness.” Questions: 1. What did the Newsweek article about a 12-year… Read more »

What was your past salary?

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According to the New York Times, laws prohibiting employers from asking job candidates about their past compensation before making a salary offer are gaining momentum, aimed at reducing pay disparities and other obstacles confronting women and minorities. Questions: 1. What does the article say about the way some researchers see it? 2. What does some… Read more »

No cash allowed

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In Sweden, “No cash accepted” signs are becoming an increasingly common sight in shops and eateries across the country as payments go digital and mobile. Questions: 1. Why is going cashless bad for tax cheats? 2. Why are authorities in Sweden worried about the cashless society? 3. What percent of Swedes never use cash? 4…. Read more »

Protect what?

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Under Mick Mulvaney, the CFPB, which once was the agency dedicated to preventing banks and credit-card companies from scamming ordinary Americans, now becomes an agency dedicated to protecting potential financial scammers from legal penalties. Questions: 1. Since Mulvaney took over, what has the Bureau done for payday lenders? 2. Since Mulvaney took over, what has… Read more »

Dead or Alive?

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According to Bloomberg and Goldman Sachs Group Inc.’s global head of investment research, the tumble in cryptocurrencies that erased nearly $500 billion of market value over the past month could get a lot worse. Questions: 1. What are some of the signs that Steve Strongin notes about cryptocurrencies that worry him? 2. What was Strongin… Read more »

Yummy!

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A team of scientists is hard at work behind the scenes to make meat by developing cell lines of various species of animals. Hampton Creek (now called JUST) is among a handful of startups with the goal of bringing “clean meat” and other cultured animal products into the mainstream. Questions: 1. What is the value… Read more »