Posts Tagged: growth

Jury Still Deliberating

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According to the New York Times, a federal jury in California is struggling to reach a unanimous verdict on three of 11 charges against Elizabeth Holmes, former CEO of Theranos. Questions: What is the maximum sentence for each federal fraud count? How many counts of fraud is Ms. Holmes facing? What is the makeup of… Read more »

The IMA is Growing by Leaps and Bounds!

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According to Accounting Today, the Institute of Management Accountants reported record growth in 2020 despite the impact of the COVID-19 pandemic on the accounting profession. Questions: What is the 10-year compound annual growth rate for CMA candidates? How many global IMA members are there? In your opinion, why do you think that the IMA is… Read more »

More worries at Wells Fargo

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, Video Updates.

As the third-largest bank continues to suffer under a sales scandal that happened in 2016, Wells Fargo & Co detailed new regulatory restrictions imposed by the U.S. Federal Reserve. This news sent its shares down sharply in after-hours trading. Questions: 1. What are the growth restrictions on the bank imposed by the Feds? 2. Why… Read more »