GE owes $200 Million fine

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According to Accounting today, General Electric Co. was fined $200 million for allegedly misleading investors about the finances of its gas-power unit, as well as a run-off insurance business. Questions: According to the article, what did GE fail to explain to its shareholders? What is GE required to report for the first year to the… Read more »

Boeing Woes

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According to Business Insider, Boeing’s nightmare year got even worse this weekend as the manufacturer warned that hundreds of its 737 planes, including 159 of its troubled 737 Max jets, might have faulty parts on their wings. Questions: What are slat tracks? Who produced the defective slat tracks? What are ten airlines demanding from Boeing?… Read more »

Trump may owe more fines

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According to the Guardian,  if Trump Tower and other Trump sites do not cut emissions, the Trump Organization will owe $2.1m a year from 2030. Questions: How many Trump properties in New York City do not comply with new regulations designed to slash greenhouse gas emissions? Which body passed these fines? What will be required… Read more »

Audit Irregularities

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to a report released on Feb. 15 in San Francisco county, about 400 recent foreclosures were determined to involve either legal violations or suspicious documentation.  This recent report suggests how pervasive foreclosure irregularities may be across the nation. Questions: 1.  What is the acronym for the mortgage database that was started in 1995 to track… Read more »