Trust in Business and Accountability is the Key According to a poll issued by Bentley University and Gallup released on September 12, 2024, the 2024 Bentley-Gallup Business in Society Report, for the third consecutive year, a majority of Americans continue to see businesses as having a positive effect on people’s lives. The results are based on a Gallup poll […]
Business & Society: The Ethical Use of AI Read More »
Do the Benefits Exceed the Costs? The use of marijuana has been increasing over the years as a result of additional states permitting it for medicinal purposes and, more recently, states are allowing it for recreational uses. As of 2024, 38 U.S. states have legalized the use of marijuana for medicinal purposes. Additionally, Washington, D.C.,
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Is it a Personnel Issue? Recently, a reporter from the Wall Street Journal, Mark Maurer, asked to interview me about the question: “Are companies picking a new finance chief after detecting a material weakness in their financial reporting controls, at least in part due to a shortage of skilled accounting staff?” The idea is that the two
Undetected Material Weaknesses in Financial Reporting Controls: Who is to Blame? Read More »
Integrating ESG Into the Business/Accounting Curricula: Some Thoughts and Ideas I have previously blogged about whether ESG really matters. In this blog I look at the education needed in sustainability and ESG to prepare college business school students for the increased knowledge requirements in these areas. ESG captures mainly nonfinancial information that can create risks
Sustainability is at the Forefront of Changes in Business Education Read More »
Protecting Yourself Against Elder Fraud Abuse I recently read several articles posted online about the rise in elder fraud and how federal government agencies are dealing with them. One stands out by Laurie Archbald-Pannone is an associate professor of medicine and geriatrics from the University of Virginia that was originally published in The Conversation. Losses due to
What Americans Need to Know About Elder Fraud Read More »
Measuring Sustainability Performance I have previously blogged about the link between ESG reporting and sustainability. In this blog, I will briefly address the question of whether gathering and reporting ESG data really matters. ESG reporting provides a specific framework for evaluating and measuring a company’s sustainability performance. It assesses a company’s ESG-related risks and opportunities by providing
Does ESG Reporting Matter? Read More »
Do What We Say, Not What We Do No, it is not about washing your clothes in a responsible way. Ethics Washing refers to the practice of ethical window dressing. It is where an organization gives lip service to ethics to make it seem as though it acts responsibly but does not do anything to make sure
Is Your Organization Practicing Ethics Washing? Read More »
Are Collegiate Athletes Interests Being Well-Served? I have previously blogged about the expansion of “name, image, and licensing” (NIL) opportunities for collegiate athletes. This has spawned so-called collectives. NIL collectives are independent organizations that fundraise money for various universities and give it to attending college athletes in the form of NIL agreement payouts. Several NIL
The Role of Collectives in NIL Agreements Read More »
The Decline of Moral Values in Society I have blogged many times before about the decline of moral values in America. We are falling off a cliff in that regard. Let’s face it: We have lost our moral compass as a society and it’s likely to get worse before it gets better. Just consider the following: Most
The Fallacy of DEI Read More »
Ignoring Quality Controls to Maximize Profits The case of Boeing and its manufacturing deficiencies and production flaws is a tale of what can happen when a company puts profitability over safety. Most readers will be aware of the Boeing airplane crashes between 2018 and 2024 that threatened the very existence of a manufacturing company whose
Regulatory Actions Taken Against Boeing: The Problems with 737 MAX Read More »