Accounting ethics Feed

Do Dark Triad Personalities Explain Aggressive Accounting?

Looking for the Red Flags of Fraudulent Financial Reporting I recently read an article that describes the results of a study that contends in 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... Read more →


Cheesecake Factory Sanctioned by the SEC over its Disclosures About Covid-19

Accounting and Ethics Guidance Overview In the first enforcement action of its kind, the U.S. Securities and Exchange Commission says The Cheesecake Factory falsely claimed its restaurants were "operating sustainably" during the pandemic and it failed to disclose the whole truth about the impact on its business. According to the... Read more →


What Should be the Goals of Ethics Education?

Does Teaching Ethics Do Any Good? Does teaching ethics work? If teaching ethics does no good, then why are we doing it? The answer may lie in knowing what are (or should be) the goals of teaching ethics. First, let’s discuss what ethics education is not and should not be... Read more →


Is it Time to Reconfigure the PCAOB?

What is the Public Interest? It’s been about 18 years since Congress created the Public Company Accounting Oversight Board in response to widespread fraud in the financial statements of the likes of Enron and WorldCom. Given the high rate of audit deficiencies identified in PCAOB inspections of public company audits,... Read more →


Accounting in the Public Interest

An Historical Perspective on Professional Ethics MAX BLOCK DISTINGUISHED ARTICLE AWARD: The CPA Journal--March 2018 Issue In Brief The commitment to serve the public interest in accounting has eroded, as personal and business relationships with clients and client management increasingly create conflicts of interest. Many such relationships have created barriers... Read more →


Steven Mintz, aka Ethics Sage, Publishes 5th edition of his Accounting Ethics Textbook

Ethical Obligations and Decision Making in Accounting: Text and Cases I'm proud to announce that McGraw-Hill Education has just published the 5th edition of my Accounting Ethics textbook, Ethical Obligations and Decision Making in Accounting: Text and Cases. I'd like to thank two reviewers of the book and the the... Read more →


Ethics and Integrity Statements of GE Not Worth the Paper Written On

Missed Profit and Cash Targets Lead to Firing of CEO General Electric is in trouble. Last week it announced the firing of CEO John Flannery after 14 months on the job as problems developed in its power unit causing GE to warn it would miss profit and cash targets. GE... Read more →


Artificial Intelligence (AI) Changing the Way Audits Are Conducted

Data Gathering Controls Can Enhance the Process Artificial intelligence (AI) broadly refers to technologies that make machines “smart.” AI continues the trend in advancement of technology that has unleashed the practical applications, many of which can enhance the decision-making process. AI is powered by algorithms, and algorithms are driven by... Read more →


Fraud in Organizations

ACFE 2018 Study Published Fraud can be defined as a deliberate misrepresentation to gain an advantage over another party. Fraud comes in many different forms, including fraud in financial statements, the misappropriation of assets (theft) and subsequent cover-up, and disclosure fraud. In this blog I examine the results of a... Read more →