Can the government control corporate fraud?
Can the government control corporate fraud? Probably not, according to Securities and Exchange Commissioner Paul Atkins, and besides, ever-escalating regulation likely would hinder a free-market economy.
Bradley Preber: Aligning form and substance to create an ethical business culture
Marianne Jennings, a professor of legal and ethical studies in business at W. P. Carey School of Business, recently noted that major business scandals used to be spaced about 10 years apart. Unfortunately, the cycle now appears to be compressing.
Financial detectives: The rising demand for forensic accountants
Like ripples from a pebble pitched into a pond, the federal law passed to combat white-collar crime has resulted in booming demand for the specialists who can comb through financial records and follow a trail of evidence.
Helping others cook their books: It's a recipe for disaster
Your company's best corporate customer needs help. Earnings are down. You could help that company's revenues look rosier with a sham transaction. And, why wouldn't you? After all, it's not your company's financial statements you're sweetening.
Breaking bad news may deter suits
When a company is struggling financially, its auditors feel their own kind of pain.
New faculty add strength and depth
With seven new faculty hires this year, the School of Accountancy has bolstered its status as one of the nation's top accounting programs. "We are hiring in a strategically focused way to build on our strengths and to add depth in areas where we see opportunity," said Philip M. J.
By the numbers: Shining light on CFO pay packages
CFOs and other corporate financial executives hate having part of their pay decided subjectively; they prefer formulas that rely on objective financial and non-financial targets to determine whether they receive their bonuses.
Food for thought: Cherry-picked statistics fuel tax reform debate
The Buffett Rule is expected to remain an issue through the November election. Sparked by billionaire Warren Buffett’s contention that he paid a lower percentage of his income in taxes than his secretary, the Buffett Rule would raise marginal tax rates on the very wealthy.
The rationale behind CEO compensation
Studies show that CEOs face a significant risk to their future earnings and employment prospects when taking a job at a company with existing, or potential financial problems.
When to show your hand: Competition and financial reporting
Accounting professionals face challenges when they decide how conservative to be in reporting a public company’s financial results. New research by Assistant Professor Shawn X.