Have you ever been at a well-controlled company and heard at a company meeting that the board wants to accelerate the company’s development by “investing in the business”? These days, statements like this send shivers down my back. Why, you ask? Well, in lots of instances it can mean chaos has just been authorized. And […]
Recently we have read press coverage about the CEO of Yahoo losing his job for including on his resume a degree he didn’t have. And last fall, the CEO of Hewlett Packard lost his job over false expense reports. In both cases, the ethical line was crossed. When that happened, they had to go—that line […]
The other day a client asked which current accounting requirement is the worst from a U.S. GAAP standpoint. There are a few poor standards out there, but to me the answer is easy: FAS123R, now known as ASC 718, accounting for stock compensation. It’s been around eight years, and it’s not getting any better with […]
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