Monthly Archives: September 2016

Oh, how the mighty have fallen: A cautionary tale for taking the easy way out

Since the news of Wells Fargo’s egregious sales scandal, stories contrasting the company’s former glory with recent tales of professional negligence have transpired in nearly every media outlet. How can a company who’s CEO, John Stumpf, was named 2015 CEO of the Year by Morningstar research firm, go from being lauded for shunning “activities that...
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United States Army trillion-dollar accounting errors

The United States Army has recently come under scrutiny yet again over the management of its finances. In 2015, the Army allegedly made trillions of dollars of improper accounting adjustments to create an illusion that its books had balanced. The Defense Department’s Inspector General, in a June report, said the Army made $2.8 trillion in wrongful...
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A Closer Look Inside the 1MDB Scandal

A recent article in the Wall Street Journal shone a spotlight on the role of auditors and banks involved in the U.S. Department of Justice’s investigation of 1Malaysia Development Berhad, or 1MDB. While 1MDB has been exposed and widely covered by the media for corruption and embezzlement, it is also necessary to examine its interactions...
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