Triangulating Law, Data & Ethics
When it comes to IFRS, some Wall Street pundits need to breathe into a paper bag. Last week, Floyd Norris (pic, left), in his NYT piece, “Loophole Lets Bank Rewrite the Calendar,” did all he could to ignite “a debate over how well international accounting standards [known as “IFRS”] can be policed in a world […]
In a previous entry, I highlighted the SEC’s movement to require U.S. companies to prepare their financial statements using International Financial Reporting Standards (a.k.a. “IFRS”).* In that entry, I speculated that the transition to IFRS would be rapid but didn’t offer a specific timeline. Having parsed more closely some of Chris Cox’s comments at a […]
Today, attorney William Lerach was sentenced to two years in the federal pen for obstructing justice and making false statements. He once won a $7 billion judgment against Enron for . . . (drum roll) making false statements. It’s a classic example of what I call the “savvy guy syndrome,” a behavioral disorder in which […]
