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In an unprecedented event, on January 22, 2018 it was announced that a former Public Company Accounting Oversight Board (PCAOB) staffer, Brian Sweet, who was hired by KPMG in 2015, leaked confidential information about PCAOB's plans to audit the company. Most of the leaked info...

Government regulations, whistleblower protections, GAAP reporting standards, and internal control requirements are meaningless and not worth the paper they are written on if what has been promised is not done. A healthy financial reporting system depends on the enforcement of l...

Who should be held responsible for the security breach at Equifax? Who should be punished for the breach that could have affected as many as 143 million people? Most would say the management. No argument there. The external auditors had a role to play as well and should be held...

In my last blog I examined the bewildering action by the IRS to award a $7.25 million-dollar contract to Equifax to verify taxpayer identities and help prevent fraud under a no-bid contract. This is nothing less than rewarding bad behavior. In this blog I look at the role and r...

August 11, 2015

Conflicts of Interest between Non-audit and Audit Services threatens Independence

What we see today in the accounting profession is troubling. Increased commercial activities threatens the independence cornerstone of the profession that underlies its public interest obligation....

May 26, 2015

How much are we willing to pay to ensure auditor independence?

A perpetual ethical problem for auditors is the conflict of interests that exists with a client and client management who are responsible for selecting the auditor, paying the audit fee, and making decisions about au...

January 27, 2015

Are Business Schools using the Best Approach to Teach Ethics?

The other day I reflected on a lecture I gave to my ethics students on how to apply philosophical reasoning methods to teach business ethics. I wondered whether my students were grasping the difficulties that exist in...

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© 2016 by Steven Mintz and  Do Good PR Group