Posts Tagged: U.S. District court

A Lawsuit in U.S. District Court to Stop The Merger of Two of the Largest Publishers

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

According to The New York Times, Steven King, well-known author, testified as a witness for the government in its lawsuit to stop the merger of two of the largest publishers. Questions: What is the amount of the proposed acquisition? Who are the two publishers and which one is acquiring the other in this consolidation? How… Read more »

Audacious Fraud

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.

Dermatologist, Farhaad Riyaz, peer-voted as one of the top doctors in the Washington DC area in 2019 committed one of the most bizarre frauds in recent times, according to The Washingtonian.   Questions: How did Dr. Riyaz perpetrate the crime? What was the scheme? What is and/or was his potential punishment? Who did Dr. Riyaz… Read more »

Bye, Bye to Tens of Thousands of Dollars of Debt for a Certificate

Posted by & filed under Accounting Information Systems, Accounting Principles, All Articles, Auditing, Cost Accounting, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting.

Despite intensive lobbying efforts and lawsuits by the Association of Proprietary Colleges (APC), a U.S. District federal judge denied a challenge to the Obama administration’s rules limiting the amount of debt students can carry in career-training programs. This decision delivers a blow to the deteriorating for-profit college industry. Questions: 1. What are the new rules… Read more »