Posted by Kimberly Culcay. In the article, “What the PCAOB’s new related-party standard means for auditors,” Maria L. Murphy captures the new standard put in place by the Public Company Accounting Oversight Board (PCAOB). The new standard will require auditors to perform specific procedures that are intended to strengthen auditor performance in high-risk areas, such …
Author Archives: blogbusinesslaw
Corruption Instead of Protection
Posted by Peyton Adams. Avery was wrongly convicted for strangling Maryetta Griffin. According to sources, Avery did not admit to the crime, and if he did, it was a forced confession. However, the jury did not believe him. The prosecution was able to sway the jury, which caused Mr. Avery to go to jail for …
Employment Law: Michigan Teachers Can Decide Whether to Stay in Their Union
Teachers in Michigan are testing the new Right-to Work law by deciding whether to stay in their union. Michigan has one of several Republican-controlled legislatures that passed laws making union membership and dues voluntary. Many of the 112,000 active members have until the end of August 2014 to decide whether to stay. About 1,500 left …
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Legal Cases Involving Forensic Accountants
Posted by Kimberly Culcay. In the article, “What Types of Legal Cases Require a Forensic Accountant,” Henry Rinder describes what a forensic accountant really is and the need for such a professional. The article discusses that there is a difference between a traditional accountant and a forensic accountant. A forensic accountant combines accounting knowledge and …
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Farmers Suing Syngenta
Posted by Melissa Nomani. Farmers across the United States are filing suits against Syngenta. As stated in the article, “The lawsuits allege the biotechnology company’s genetically modified Agrisure Viptera and Duracade seeds contaminated US corn shipments, making them unacceptable for export to China.” China does not allow the importation of GMO products that it has …
IRS Fraud Scam Bilks People For More Than $23 Million
Online fraud is alive and well. About 4,550 people have been scammed by foreigners posing as IRS personnel and telling them they are about to be sued for unpaid taxes. The Treasury Inspector General, J. Russell George indicated they are working on bringing to justice the perpetrators of “‘the largest of its kind’” scam, yet taxpayers …
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Mesa Airlines Employee – Bank Fraud
Posted by Charles Batikha. Tamira Fonville was a Mesa Airlines employee and part time recruiter for a hair show, but these were both false lives that Fonville was leading. Fonville spent her time along the east coast from New York to Washington D.C. trying to lure women to expose their financial information by fraudulently posing …
Bill Bans Imports of Slave-Produced Goods
The President signed into law a bill passed by Congress banning U.S. imports of “fish caught by slaves in Southeast Asia, gold mined by children in Africa, and garments sewn by abused women in Bangladesh.” The law closes a loophole in an 85-year-old tariff law which allowed these products to be sold. Due to high demand …
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FTC vs. Wyndham Worldwide Corp.
Posted by Michael Larkin. When one checks into a hotel, one would expect to have their information stored in a company’s database, but one would not expect that database to get compromised. Wyndham Worldwide Corporation was using a property management system that stored customer’s names, addresses, and credit card number. On three separate occasions in …
Privacy and Surveillance Laws
Research proposal posted by Brian Kane. In the digital age, the rights and laws regarding privacy are being contested now more than ever. Today personal privacy, both digital and physical, is being discussed. One of the earliest examples of privacy laws in the United States is the 4th amendment. Under this amendment gives “the right …