The mindset of white-collar criminal

Auditors of all kinds would be wise to read up on the psychology of white-collar criminals, to better understand the rationalization vector of the fraud triangle: David Myers, the former controller of WorldCom, recalled thinking that he was “helping people and doing the right thing” while perpetrating one of the largest accounting frauds in history. […]

Short-term focus of management ain’t due to accounting

CFO.com had a provocatively titled article this morning that just shouted out for a retort: “Is Accounting Blocking R&D Investments?” Now how could accounting be doing that? Why, because senior management is preoccupied with meeting short-term quarterly earnings targets, and are cutting back on longer-term focused R&D investments! I thought this was just an overzealous […]

Do we have a software valuation issue?

Soumitra Dutta of French business school Insead thinks so, as reported in this story on CFO.com: Insead has developed a “novel technique” to value software assets. Using conjoint analysis — “a time-tested and widely used robust technique in marketing science,” Dutta claims — companies can place a value on software by identifying its individual attributes, […]

Work-life balance: Laptops on holiday

Work-life balance is a topic that comes up frequently in the accounting profession. Robert Half, a recruiting company, surveys accountants occasionally. 38% of accountants take the office with them on holiday in the form of either a laptop or handheld computer. The research also found that 34% of accountants globally admit to working in the […]