Attestation Update – A&A for CPAs

Technical stuff for CPAs providing attestation services

Olympus scandal – the CEO’s bio is released

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Exposure: Inside the Olympus Scandal: How I Went from CEO to Whistleblower“, from the former Olympus CEO Michael Woodford is out this week.

The first review I’ve seen is at The EconomistPaying a price for doing what’s right.

If you’ve been reading my posts on Olympus, you know a fair amount of the accounting details. If you want a survey of the bigger picture, check out the review. It introduces the maneuvering that took place over the scandal.

I think there will be a lot of good info in the book. The review suggests:

“Exposure” should be compulsory reading for company directors and MBA students.

Closing comment in the review is a good question for all of us in business:

Mr Woodford stands tall as an example of leadership. Read his book and ask yourself: would you do the same thing—or would you just shut up and go to Davos?

Written by Jim Ulvog

November 28, 2012, 8:02 am at 8:02 am

Posted in Audits, Fraud

Tagged with ,

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