Forensic Phone Tools

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, Fraud Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

You might think that data extracted from a phone in a lab or police station can be a good thing. But what if the owner is a journalist? Questions: Source: Earp, M. (2023) Forensic Tools Open New Front for Using Phone Data to Prosecute Journalists. Global Investigative Journalism Network, Jan. 6 (Retrievable online at https://gijn.org/2023/01/06/forensic-tools-open-new-front-for-using-phone-data-to-prosecute-journalists/)

Three Long Years!

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, Fraud Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to The New York Times, the Securities and Exchange Commission ended its investigation into former Senator Richard Burr, three years after he sold more than $1.6 million in stocks following Covid-19 briefings. Questions: Source: Kelly, K. S.E.C. Inquiry Into Former Senator’s Stock Sales Is Closed Without Charges. The New York Times, Jan. 6 (Retrievable… Read more »

A Scam Called “Pig-Butchering”

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, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, federal law enforcement and major crypto exchanges appear to be behind in cracking down on fraud growth. Questions: Source: Newmyer, T. (2023). Crypto scam aimed at online acquaintances costs victims billions. The Washington Post, Feb. 14 (Retrievable online at https://www.washingtonpost.com/business/2023/02/14/crypto-scam-lost-billions/)

How Common is Securities Fraud?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to a new study, ten percent of public companies commit securities fraud each year. Questions: Source: Livni, E. (2023) Just How Common Is Corporate Fraud? The New York Times, Jan. 14 (Retrievable online at https://www.nytimes.com/2023/01/14/business/dealbook/how-common-is-corporate-fraud.html?)

A $5 Million Fraud Against Hundreds in California Results from Postal Theft and Fraud

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

According to the California Attorney General, 56 individuals involved in a scheme resulting in the theft of nearly $5 million from hundreds of people in a widespread mail theft and postal fraud operation. Questions: How many suspects were arrested as part of the fraud? Out of which counties were the suspects operating? What will the… Read more »

Amityville Horror?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, Uncategorized.

According to Susan Edelman, witnesses in alleged COVID vaccine fraud case have put 82 NYC educators in potential legal danger. Questions: Why are these educators in potential legal danger? Who committed the fraud? What was the amount of ill-gotten gains derived from the fraud? According to the article, what percentage of the COVID vaccines given… Read more »

Insider Trading

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Ethical Dilemma, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

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)?

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, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

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

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, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

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 »