Attestation Update – A&A for CPAs

Technical stuff for CPAs providing attestation services

Posts Tagged ‘ethics

What is your price?

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We know the price Mr. Scott London, former partner of KPMG  is accused of setting for his integrity, honor, and reputation. The entrance price tag was several thousand dollars and added up to under $100,000.

Cumulative amount is allegedly $50K cash plus a watch with claimed FMV of $12K plus some concert tickets for his family, with asserted total around $70K or $90K.

That total allegation isn’t the real measure of his price. The starting point was a few thousand dollars in the first deal. If the story outlined in the criminal indictment is correct, that is the point his integrity was sold.

An old joke about your price

There is an old joke with many variations that goes something like this:

Man to woman in a social setting: “would you sleep with me for a million dollars?”

She indicated she would be willing to do so.

Him: “How about for $20?”

With great indignation, she said “Of course not! What kind of woman do you think I am?”

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Written by Jim Ulvog

April 27, 2013, 6:42 am at 6:42 am

Posted in Pondering

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