Friday, October 21, 2005

A classroom discussion about ethics

One item that I don't remember seeing when I was an accounting student was a news story about an accounting partner denied bail and under indictment. An article on WEBCPA discusses the case of David Greenberg, the KPMG partner indicted by the federal government as part of the investigation into unlawful tax strategies.

David Greenberg, 46, was one of 10 former KPMG executives indicted Monday in connection with the design and marketing of alleged phony tax shelters, and was the only defendant to be arrested by authorities. Greenberg has been accused of falsifying documents to hide his involvement in questionable tax shelters, coaching a co-conspirator to lie to investigators and misleading investigators about whether he had surrendered all his passports.

This story allows for a good discussion of ethics in the accounting profession.
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