Is fraud affected by investor beliefs about business conditions? How is that reflected in the data from IPOs?A study by Tracy Wang and Andrew Winton from the University of Minnesota, and Xiaoyun Yu...

When it comes to ethics, nonprofits have always been held out as organizations that have the moral high ground. Now there's evidence showing that's not right.A new Ethics Resource Center...

KPMG's problems seem to go from bad to worse.Earlier during the week, we had reports that the US Government was pushing hard to revive its tax shelter case, promising to play fair this time. Yeah...

The book by Don Tapscott and Anthony Williams describes Wikinomics as the "new art and science of collaboration". Actually, it actually has strong echoes of CK Prahalad and Venkat...

If the Fed thought orchestrating the sale of Bear Stearns to JP Morgan for a bargain basement price would make the problem go away, it was dead wrong. The shockwaves from the US-government backed...

Drugmaker Biovail's $10 million settlement with the Securities and Exchange Commission to settle some seriously bad fraud charges makes fascinating reading. And it's a lesson for anyone who...

Earlier this month, I did a blog entry looking at the massive impact that climate change will have on the financial services sector, particularly the banks.Now, global law firm Winston & Strawn...

Conrad Black might be behind bars but the saga continues to unfold. CFO.com reports that Hollinger, the old holding company that used to control his newspaper empire, has settled a Securities and...

The Fed's bail out of Bear Stearns continues to raise questions about "moral hazard". The term "moral hazard" applies to the situation where a party believes it won't have...

With plans for a special summit on the need to promote diversity in law firms, the question needs to be asked about how much discrimination goes in the legal world.With that in mind, we turn to a...

Worrying news with reports that ratings agency Standard & Poor's has a report that 93 American companies are at risk of defaulting on $53 billion in debts, most of it coming from giant...

Appalling revelations in the Daily Telegraph over the weekend about how a London-based hedge fund set up a "dirty tricks unit" to manipulate share prices and get information illegally about...

Accounting tools like budgeting and sales projections can be dangerous.According to new research out of Wharton, they can lead people astray because they do nothing in themselves to dispel biases,...

Late last year, I did a blog entry at how the US Government was not backing down on its determination to prosecute foremr KPMG partners for peddling dubious tax shelters. That was after Judge Lewis...

There has been a dramatic increase in restatements over the last few years. It's been estimated that the number made in 2006 was three times the amount from 2003. But what's driving the...

The credit crisis and housing crunch are hurting the rich, reports The New York Times.The affluent who took out massive mortgages and geared themselves up to lifestyles they could not otherwise...

End of the honeymoon period for Siemens' new boss Peter Löscher. He is trying to clean up the company following the bribery scandal but has been forced to issue a surprise profit warning because...

How will global warming shape our world 20 years from now?There will be massive changes.First, it will be a world where companies will have to pay for the right to pollute. That means there will be a...

So a new survey commissioned by the Center for Audit Quality has found that most audit committee members believe audit quality is superior post-Sarbanes Oxley. According to the survey, 53 percent of...

That was the question asked last week at the World Health Care Congress Europe.And according to Maggie Mahar at the healthbeat blog , it presented a lot of surprising answers. The conventional wisdom...