According to the New York Times, the Securities and Exchange Commission (SEC) said the cheating involved hundreds of EY’s workers from 2017 to 2021, resulted in the largest penalty ever imposed by the agency against an auditing firm. Questions: What amount was the fine imposed by U.S. securities regulators? What were the three (3) charges… Read more »
Posts Tagged: integrity
KPMG Turns the Page
According to Accounting Today, KPMG is appointing new leaders to its U.S. audit, tax and advisory businesses, as well as a new leader in charge of growth & strategy, in an effort to boost its reputation after a number of scandals. Questions: What was the scandal involving PCAOB inspections of the firm? What were the… Read more »
This article discusses the trend of litigation finance, where individuals and companies are turning to private companies to front the money for legal costs in expensive litigation. Despite having in-house counsel, even larger companies are selling off pieces of lawsuits to improve cash flow and reduce risk. Questions: 1. Between 2013 and 2014, how much… Read more »
Just the Tip of the Iceberg?
During the summer of 2011, Professor Julius Nyang’oro, an internationally respected scholar and longtime chairman of the African and Afro-American studies department at the University of North Carolina offered a lecture course called AFAM 280: Blacks in North Carolina. Nineteen undergraduates signed up. The problem was that the course never met and the all of… Read more »
Are you Suspicious? Maybe you should be!
A few years ago, Todd Rutherford was part of the marketing department at a company that provided services to self-published writers. These services included persuading traditional media and blogs to review the books. Then he realized that there were not enough reviewers to go around. So he started a website, GettingBookReviews.com, which eventually earned him… Read more »
Bankrupt professional athletes are a sad fixture on the sports scene, and they may or may not mess up more often than the average person who earns a lot of money really fast. However, their troubles seem outsize because of their fame and the pathetic schemes they fall for. The stakes are particularly high for… Read more »