Just got my copy of Look, Lead, Love, Learn: Four Steps to Better Business, a Better Life – and Conquering Complexity in the Process written by Bill Sheridan of the Maryland Association of CPAs.
Mentioned this book last night at this post.
Today only the price is $0.00. A bargain at $5. Even better at today’s price.
I’ve read the first 20 screens or so. Great stuff.
Starts with a pertinent quote -
You better start swimmin’
Or you’ll sink like a stone.
- Bob Dylan
If you want a short read to help you cope with the massive change going on around us, check out the book. Grab it today so you can read it this weekend.
The Agoura Hills Patch reports Businesssman Out on Bail in KPMG Insider Trading Case Involving Agoura Hills Man.
I’ve been watching for news on these court appearances and no one else seems to have given any coverage.
The article says Bryan Shaw was in court last Friday, 5-10. He is out on $50,000 bail with his next court appearance on Monday 5-20. He is expected to enter a guilty plea.
Scott London will appear in court on Thursday, May 30. Initially he was going to appear Friday, May 17.
I’ve mentioned the blog of the Maryland Association of CPAs quite a few times. Bill Sheridan has an e-book available at Amazon – Look, Lead, Love, Learn: Four Steps to Better Business, a Better Life – and Conquering Complexity in the Process.
Only five bucks and a far better price tomorrow, 5-17-13.
If you aren’t subscribing to their blog, you really should.
Here’s a quick description of the book: Read the rest of this entry »
On Monday, the Department of Justice indicted Mr. Bryan Shaw, the golfing buddy of former KPMG partner Scott London on one felony count of conspiracy. Mr. Shaw reportedly entered a plea agreement saying he would plead guilty and agree to disgorge about $1.27M of profits.
The press release from the Department of Justice is here.
A few other news reports:
- Wall Street Journal – Guilty Plea in KPMG Case
- Los Angeles Times – Jeweler agrees to plead guilty in KPMG insider-trading case
I’ve looked briefly a couple of times and can’t find the indictment and plea agreement on-line.
Here are a few comments in the DoJ press release I found interesting.
For a good stretch on how to analyze fraud, check out a great article “Beyond the Fraud Triangle,” in The CPA Journal, written by Jack Dorminey, Scott Fleming, Mary-Jo Kranacher, and Richard Riley. This article was mentioned by a commenter in an earlier post.
I heartily recommend the article for all auditors. It goes beyond the standard fraud triangle and provides an overview of several other models, including:
- a four-sided diamond model, which adds capability in addition to opportunity
- a dual diamond which allows for separate analysis of accidental and predator fraudsters
- MICE – money, ideology, corruption, and ego/entitlement – as a model of motivation for high-level, skilled fraudsters that don’t seem motivated by small-scale payoffs
If you want to stretch your knowledge of the concepts, check out those models. Hint for auditors: stretching your brain on fraud is a very good thing to do.
KPMG insider trading fiasco update – how much responsibility does a firm have for ethical failures? – 5-3-13
I’ve not seen much news lately on the alleged insider trading by former KPMG partner Scott London. Two articles of interest.
These two articles have different perspectives on how much responsiblity belongs to the firm. We need a long wrestle match with that question.
(Cross-post from my other blog, Outrun Change.)
That we haven’t seen the full impact of IT is a comment I heard the first time a few years ago. That sort of made sense but didn’t really register. This blog is focused on sorting out that change. The idea that the technology revolution has barely begun finally clicked for me with a column by Matthew Yglesias – Why I’m Optimistic About Growth and Innovation.
A few industries have seen huge impact from technology. Think of book publishing, journalism, and music. Those industries have been turned upside down. I read a lot and listen to a bit of music so am quite attuned to those areas. The way everyone consumes news has been transformed. I regularly read dozens of blogs a day. They just appear on my computer screen with a mouse click or two. I’ve always been a news junkie, and my consumption has soared in the last few years.
However, as big as those industries are, they are a small part of the total economy.