"New" Knowledge from Professional Ethics Requirements
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"New" Knowledge from Professional Ethics Requirements
- 1. “New” Knowledge from Professional Ethics Requirements? Dr. Perry Glen Moore June 17, 2016 @ACBSPAccredited #ACBSP2016
- 2. Today’s speaker Dr. Perry Moore Lipscomb University Professor of Accounting, CPA, CIA Director of Graduate Business Perry.Moore@Lipscomb.edu (615) 966 – 5795 @MoorePhone (follow me on Twitter) @ACBSPAccredited #ACBSP2016
- 3. How did I get where I am? • Heritage / legacy • Passion • Teaching students how to think • Finding the right answer within an appropriate ethical context • Challenging them • Telling stories • Involving the class • Be active professionally • Providential interruptions • Work with NASBA • Work with TN Board of Accountancy on State Specific Ethics Training @ACBSPAccredited #ACBSP2016
- 4. Heritage / legacy @ACBSPAccredited #ACBSP2016
- 6. Teaching students ‘how’ to think @ACBSPAccredited #ACBSP2016
- 7. Emphasize the importance of doing the right thing . . . @ACBSPAccredited #ACBSP2016
- 8. Tell stories • NBC's Brian Williams, said "ego" drove him to embellish stories about his reporting experiences. • "I said things that weren't true" • Exaggerations -- like one that put him on a helicopter that was forced down by enemy fire in Iraq, when in fact he was on a different chopper -- "came from clearly a bad place, a bad urge inside me," he said. "This was clearly ego driven, the desire to better my role in a story I was already in." • But he said the moments were unintentional: "I wasn't trying to mislead people." @ACBSPAccredited #ACBSP2016 CNN Money, June 19, 2015
- 9. Who gets hurt when rules are broken? @ACBSPAccredited #ACBSP2016
- 10. Man cashed dead dad’s checks for 30 years @ACBSPAccredited #ACBSP2016
- 11. Parking officer stole $89K – in quarters • What would you do with 356,000 quarters? • Jeffrey Daday, a parking enforcement officer in Mount Kisco, NY • Committed the crime from January 2009 through May 2014 • Emptied parking meters and skimmed off some of the proceeds @ACBSPAccredited #ACBSP2016 USA Today, September 23, 2014
- 12. Business vs. personal ethics Why is it that some people will act one way on Sunday and another way on Monday? That’s “just business” @ACBSPAccredited #ACBSP2016 1986 77,000,000 1987 70,000,000
- 13. Where is ethics supposed to be taught? @ACBSPAccredited #ACBSP2016 • An essay that started off, “My daddy died this year in Iraq…” and in turn won a 6-year old fan a Hannah Montana makeover and airfare and tickets for 4 to a sold-out Miley Cyrus concert in New York has been exposed as a lie
- 14. Where is ethics supposed to be taught? • Mother: “We wrote whatever we could do to win. It said to write an essay. It never said it had to be true. I never said it was true.” • Contest sponsor said they never imagined they needed to run background checks on the winning entries. @ACBSPAccredited #ACBSP2016
- 15. Involve the class @ACBSPAccredited #ACBSP2016
- 16. 16
- 17. Scenario 6 – intimate conflicts You’ve seen it. Now what do you do? @ACBSPAccredited #ACBSP2016 • 1: “Judson should make an appointment with the bank President and explain what he has seen. Judson recognizes that by taking this action he might precipitate his own dismissal.” • 2: “Judson should do nothing, on the grounds that he really should not have ‘observed’ the loan officer in the way that he did.” • 3: “Judson should go to the Chairman of the Board and explain the problem. Because the Chairman and the bank President have been good friends, Judson regards this as a risky course.” • 4: “Judson should deal with this directly and personally. He should approach the senior loan officer, tell her what he saw, and insist that she break off the relationship or resign from her position at the bank, or both.”
- 18. 18
- 19. Ethical violation • At a major US publicly traded consumer service business, internal audit identified a newly promoted officer who doctored personal expense receipts and submitted them for business reimbursement. • The Chief Internal Auditor, a CPA, immediately reported the findings to the CEO, CFO, and General Counsel @ACBSPAccredited #ACBSP2016 The Politics of Internal Auditing, pp. 29-30
- 20. 20
- 21. Be active professionally @ACBSPAccredited #ACBSP2016 • Axel Swang • When I started teaching accounting in 1985, Axel challenged me to get involved with a professional organization
- 22. Be active professionally @ACBSPAccredited #ACBSP2016 • Nashville Chapter • All officer positions • Treasurer role: for 13 years • Chair of 1999 Mid-Atlantic Regional Conference • Moderator of Chief Audit Executive Roundtables
- 23. Be active professionally @ACBSPAccredited #ACBSP2016 • Chapter Relations Committee of North America • Regional Conference Committee [Chaired] • Learning Solutions Committee
- 24. Be active professionally @ACBSPAccredited #ACBSP2016 • Accounting Career Education Committee • Accounting Academy • Professional Ethics Committee
- 25. Be active professionally @ACBSPAccredited #ACBSP2016 • President of Society • Other roles leading up to that, including Vice President and Treasurer • Faculty Adviser for Lipscomb’s Eta Mu Chapter for 20+ years
- 26. Providential interruptions Do you listen when opportunities come your way? @ACBSPAccredited #ACBSP2016
- 27. @ACBSPAccredited #ACBSP2016 • Reviewer of self-study programs for 15 years • Co-developer of QAS standards for Florida Board of Accountancy • Member of CPE Working Group
- 30. Journey of a Corporate Whistleblower @ACBSPAccredited #ACBSP2016 • Cynthia Cooper, former Vice President of Internal Audit @ WorldCom • “People don’t wake up and say, ‘I think I’ll become a criminal today.’ Instead, it’s often a slippery slope and we lose our footing one step at a time.” • What is the difference between an ‘ethical dilemma’ and ‘just doing one’s job’?
Notes de l'éditeur
- Why do we do what we do? Publish. Learning. Getting them jobs. Be energized. Who is our customer? Product?
- Beginning my 34th year at Lipscomb as an employee, which does not count 10 years as a student; two peers have been there 45 years
- I find it impossible to teach without bringing Christian values and virtues into the classroom. My father taught high school math for 25 years. To make ends meet, he sold appliances. He did this for 30 years and had many repeat customers. Many told me that they continued to purchase from my dad because he was honest and sold them what they needed. Our values influence our actions.
- Each of these students inspires me every day. All have won scholarships because I took the time to get involved and write a reference for them. In one case, an email from me got one a new job. Another is almost finished with a PhD program.
- I teach my students ‘how’ to think, which includes more than how to find the right answer. I want them to find the right answer within an appropriate ethical context. Accounting students learn the importance of honesty and study the meaning of strong, ethical leadership. Business events provide numerous examples of how the actions of a small group have impacted many.
- Accounting frauds, at entities such as Enron and WorldCom, were committed by CPAs who knew the right thing to do; yet, failed to do it. Many states imposed additional ethics training on CPAs to reinforce ‘the right way.’ Those two frauds, in particular, also led to passage of Sarbanes Oxley, which directly cost US public companies billions of dollars. Did you remember that both firms were audited by the same CPA firm? That act has even impacted non-profit organizations through changes to their annual Form 990.
- Jackie Robinson Little League team from Chicago. Won US title in 2014. Had to forfeit their title because they broke the rules and crossed district lines for their all stars.
- $1,369 per week $45 per day
- Change in number of federal dependents on form 1040 when SSN’s became required; tell stories of parental identify theft of children
- Where should ethics be taught?
- Which ACBSP Region are you from? https://www.polleverywhere.com/multiple_choice_polls/dz92FMU0ZoyKrr0
- The head of internal audit did nothing. A few months later, the borrower/developer defaulted on his loans and sought to renegotiate. An independent forensic accountant was brought in to review the circumstance and discovered that the borrower had an insatiable appetite for investing in exchange-traded options with less than a week to expire. Over the course of the two previous years, he had lost more than $10 million, mostly from advances made by the bank’s senior loan officer. The borrower had deliberately seduced the senior loan officer, precisely to get additional loans. In fact, he had made an assessment that she boarded on being an alcoholic, and that, if he could ply her with enough alcohol, he could easily seduce her. The loan officer lost her job. The borrower was prosecuted criminally. The head of internal audit lives for months in fear that his knowledge of the compromised relationship would be discovered. It was, and he lost his job. He spent an interminable amount of time in the months that followed giving depositions and testifying in court.
- Scenario 6 - what should Judson do? https://www.polleverywhere.com/multiple_choice_polls/Ldjd8bpi1n6TrDk
- What does the entity need to do with the officer? https://www.polleverywhere.com/multiple_choice_polls/ZuxZDxG5uGZvBKr
- He reminded me of Lipscomb’s legacy and the importance of accounting to Lipscomb. When he retired, he had taught at Lipscomb 44 of her first 101 years.
- I get to listen to each executive’s comments in the roundtables. I’ve listened to what works, and what does not work, in large conference settings. I become aware of hiring trends, employer needs, and workplace issues. Employers contact me when they have internship or full-time openings. I learn of opportunities while sitting next to accountants at CPE events.
- Orlando (twice annually) Vancouver Austin TX Atlanta
- I founded the Society’s Accounting Academy, which is a program designed to attract high school students to successful careers in accounting. More than 600 students have been impacted and are now leaders in the profession. I have written questions that have appeared on two parts of the CPA exam. Thus training helps me bring home to my students what the exam is really like.
- The lessons learned have been unexpected – always expect it Philadelphia New Orleans St. Louis San Antonio Los Angeles Jacksonville Indianapolis Baltimore Salt Lake City Chicago Kansas City
- A Lipscomb alum was hired to be NASBA’s Executive Director. He asked me if I was interested in some work on the side… Consulting work with NASBA led to new knowledge creation in how continuing professional education is regulated for CPAs. Led to work with the Florida and Texas boards. The working group has debated and proposed revisions to the CPE standards. The goal is to help CPA’s and sponsors respond to newer learning methodologies and formats – Nano learning. Houston Savannah GA San Diego Austin TX San Antonio
- That consulting work led to a State Specific Ethics Course for Tennessee CPAs in 2007 that created new knowledge for students both in the traditional classroom and in continuing educational settings, as well as published research for licensed professionals. I learn much from the stories told, and questions asked, by attendees – which I carry back to the classroom.
- Professional engagement is critically important to new knowledge creation, as well as to continuing viability in the classroom. My next project is looking at CPE for CPAs who have received discipline from the Tennessee board – to identify trends where they get their CPE. Speculation is that they may have gotten much from self-study courses. I’m also looking at lessons learned from my board service.
- She continues to stress the importance of doing the right thing
- Proud family. I could not do what I do without their support.