Business Fraud

DO MILLENNIALS AND GEN Z CARE ABOUT THE ETHICS OF POTENTIAL ACCOUNTING EMPLOYERS?

Accounting Profession, Business Fraud, Ethical Culture, Ethical Leadership, Moral Values, Workplace behavior / 2 Comments /

ACCOUNTING FIRMS’ ETHICS SHOULD BE CAREFULLY SCRUTINIZED Having taught both millennials and Gen Z, I’ve always wondered the extent to which values and ethics are considered in the job search decision. Even if they want to consider it in their decision-making process, the question is how to do so. Candidates for positions can’t ask straight […]

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Predatory Money Managers Are Increasingly Scamming Professional Athletes

Business Fraud, Ethical Culture, Sports Ethics / Leave a Comment /

How Do the Scams Work? Last night I watched a segment of American Greed from years ago that explored the role of predatory money managers in professional sports. The segment presented the story of a money manager, Peggy Ann Fulford, who duped athletes including NBA Hall of Famer Dennis Rodman, former NFL player Ricky Williams and other

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What Have We Learned from Whistleblowing Cases?

Business Fraud, Moral Values, Whistleblowing /

Things to Think About Before Deciding Whether to Blow the Whistle Have you ever wondered when, how, and why whistleblowing first began? I did during the time that I researched whistleblowing cases for a paper that I wrote. I believe you will find the following interesting and instructive. Background The first reported case of whistleblowing

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Boeing: Putting Profits Ahead of Safety

Accountability, Business Ethics, Business Fraud, Ethical Culture, Leadership, Whistleblowing, Workplace behavior /

How Corporate Culture Drove Decision-Making The story of Boeing is it placed profits ahead of safety and the result has been a series of crashes/mechanical problems that have led to inspections by the National Transportation Safety Board (NTSB) and litigation by the Securities and Exchange Commission (SEC). In this blog I will address the culture

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Ethical Risks of AI in the Workplace

AI/ChatGTP, Business Ethics, Business Fraud, Ethical Culture, Ethical Leadership, Fraud, Leadership, Technology /

Creating an Ethical Framework to Mitigate Risk Today’s blog is an update to one previously posted about ethical risks of AI. I’ve added to it a discussion in the Harvard Business Review (HBR). A brief summary follows. Concerns About Ethical Risks According to the HBR article, for companies that use AI, risk aversion is a top

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The Story of FTX and Sam Bankman-Fried

Accounting Profession, Business Ethics, Business Fraud, Whistleblowing, Workplace behavior / Leave a Comment /

An Example of Hubris, Incompetence, and Greed I always tell my students that the best way to learn about ethics, or the lack thereof, is through a case study. What follows is a mini-case study of the FTX fraud. Last week Sam Bankman-Fried was found guilty of misappropriating and embezzling billions of dollars of his

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Do Dark Triad Personalities Explain Aggressive Accounting?

Accounting Profession, Business Fraud, Fraud /

Looking for the Red Flags of Fraudulent Financial Reporting I recently read an article that describes the results of a study that contends that some company bosses are being placed in a position of power when the company needs “aggressive earnings reports”. In such cases, recruiters are more likely to suggest job candidates with “dark

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Looking for the Red Flags of Fraudulent Financial Reporting

Accounting Profession, Business Fraud, Fraud /

Personality Traits Might Give Us a Clue I recently read an article that describes the results of a study that contends that some company bosses are being placed in a position of power when the company needs “aggressive earnings reports”. In such cases, recruiters are more likely to suggest job candidates with “dark personality traits”

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What is the Purpose of a Corporation?

Business Ethics, Business Fraud, CSR /

Business Roundtable Issues a Public Relations Piece Have you read the “Statement on the Purpose of a Corporation” put out by the Business Roundtable on August 19? It suggests that corporations should no longer advance only the interests of shareholders. Instead, according to the group, they must also invest in their employees, protect the environment,

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