What do you know about ESG reporting?

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, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to Accounting Today, professionals in accounting and finance are confronting big obstacles when it comes to environmental, social and governance (ESG) reporting. Questions: According to the Financial Executives International’s Financial Education & Research Foundation survey, what percentage of the chief accounting officers and controllers polled had not yet started to integrate ESG reporting with their… Read more »

Change in Management

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According to the New York Times, Boeing fired its chief executive officer, Dennis A. Muilenburg, on Monday after investors became weary of Muilenburg’s clumsy handling of the 737 Max crisis that angered lawmakers, airlines, regulators, and victims’ families. Questions: Who is going to replace Muilenburg? When do the Boeing Board and Washington insiders typically meet… Read more »

The Last Act

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After years of continually beating the market with quarterly revenue targets, Parker H. Petit, CEO of MiMedx Group, Inc., was sued by the SEC for  allegedly engaging in a “wide-ranging fraud” to inflate revenue. Questions: What is the industry type in which MiMedx operates? What were the ways in which the company perpetrated the fraud?… Read more »

A New Finance Chief for a 157-year old Company

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According to the Wall Street Journal, Jennifer Hamann will become the new CFO for the Union Pacific Corporation. Questions: Where is the Union Pacific Corporation headquartered? What areas does the article indicate that she will heavily scrutinize? What financial metrics is Ms. Hamann looking at? What changes were made to Union Pacific’s capital structure prior… Read more »

Chinese giant Huawei, the world’s largest telecommunications equipment maker’s fraud exposed and charged by the U.S. Justice Department

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According to the ACFCS News, federal prosecutors have charged a Chinese company, the world’s largest telecommunications equipment maker, a top official and two affiliates with fraud, money laundering, pilfering trade secrets, obstruction of justice and sanctions violations for hiding its dealings with Iran from partner banks. Questions: 1. How did these hidden dealings come to… Read more »

A Good Case for Whistleblower Status?

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

The executive director of an arts charity, D. Alexandra Dyer, was attacked with drain cleaner last year. On Friday, she was fired by the board of the charity, along with the financial officer who helped her unearth what the authorities have called a $750,000 embezzlement scheme. Questions: 1. What led up to the “Drano” attack?… Read more »