Accounting+Ethics

=Ethics in Accounting= toc

Accounting Ethics and Accounting Standards
This SMH article on the [|ASIC inquiry into the One.Tel collapse] indicates some of the ethical issues involved, along with the difficulty of running an inquiry (or a legal case) into complex accounting matters. ASIC has been heavily criticised for its approach, attitude and method in conducting the inquiry.

Company Directors
[|Sloppy directors miss deadlines] for reporting their financial interests

** Enron Collapse **

 * Read ** the linked article from Investopedia -- explaining the accounting gymnastics that concealed losses at the energy company [|Enron] -- whose executives, once considered "the smartest guys in the room," are now in prison for massive fraud.

Madoff Ponzi Scheme

 * Read ** about the [|Bernard Madoff scandal] on Reuters (one of the quality global news services).


 * Answer ** the [|questions]on the Bernard Madoff Quiz, from Art Berkowitz's // Accounting Ethics and Fraud // blogspot.

Global Financial Crisis
In September 2008, the international financial system came to the brink of collapse. Only rapid intervention by government central banks averted a global disaster. Sadly, it appears that we've learned nothing from such a painful lesson.