Insider Trading

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According to the Washington Post, Stephen Buyer, ex-GOP Congressman from Indiana, is accused of exploiting nonpublic information in his role as a corporate consultant to reap hundreds of thousands of dollars in profits. Questions: Which arm of the government charges individuals with insider trading? During what period did Buyer act on insider trading information? What… Read more »

Trouble Ahead? Bad Economic Week

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

Are we headed for a recession? Questions: What is the opinion of Goldman Sachs’ CEO? What did JPMorgan Chase’s CEO say? What did Elon Musk say? What is your opinion and why? Source: Mui, C. (2022). More than 60% of executives think a recession will hit soon, new survey finds. Fortune, June 17 (Retrievable online… Read more »

Finally the End for Nikola Motors (NKLA)?

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According to Electrek.com, Nikola Motors has lost almost its entire supply chain leadership over the last few months as the situation at the company is starting to look dire. Questions: Why has the founder of Nikola Motors been in the news over the past few years? Why did the company move away from developing a… Read more »

Major Supplier Under Cyberattack

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According to the New York Times, Toyota, the world’s largest automaker, said on Monday that it had suspended all production in Japan after a possible cyberattack at a major supplier. Questions: What is the name of Toyota’s major supplier? Why have cyberattacks become increasingly more common in Japan in recent years? What will the stoppage… Read more »

Fraud at Amazon Warehouse

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According to The Verge, an Amazon warehouse manager faces long prison sentence and fine when pleading guilty to stealing $273,000 worth of computer parts and selling them to a wholesaler. Questions: What was the position of the manager? Why is it more likely that a person in his position rather than basic warehouse staff would… Read more »

ID.me

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The IRS has implemented a new verification process for taxpayers who want to access their online tax accounts and self-help tools that includes taking a selfie and submitting a photo of their driver’s license or passport to the third-party service, ID.me. Questions: Why are they requiring this new authentication procedure? True or False: Selfies from… Read more »

Just Like The Wild West: Massive Supply Chain Thefts

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Waiting for your order in the mail? Your goods may be stolen from rail cargo thefts; in other words, goods at rest are goods at risk. Questions: Why is theft so rampant in Los Angeles for rail cargo like that of Union Pacific? According to the Guardian, what percentage increase in crimial rail theft has… Read more »

Faulty Software

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Postal Fleet Services, a St. Augustine Florida company,  states that problems with the U.S. Postal Service’s mileage-tracking program have forced them to slash jobs and opened them up to trucker lawsuits in three states. Questions: How long has the company been a trucking contractor for the U.S. Postal Service? Over what period did Postal Fleet… Read more »

Wearable COVID Trackers: Business, Surveilance, or Both?

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According to the New York Times, sports leagues, large employers and colleges are turning to devices that could usher in more invasive forms of surveillance. Questions: What are the benefits of these devices? What are the costs of these devices? What fact in this article was the most interesting to you? How would you feel… Read more »

Executives Defraud Chinese Pharmaceutical Company

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According to Bloomberg, China’s securities regulator blacklisted six executives for their role in a $4.2 billion accounting scandal at Kangmei Pharmaceutical Co., one of the country’s biggest drugmakers. Questions: What did the executives do? What did the firm admit to that allowed the fraud to occur? What was the problem with the fine ordered for… Read more »