Tag Archives: ethics

Academics, Alexandria, Career, Employment, Feature

Accountants: Unexpected Heroes of the World

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As the semester has gotten harder, a good number of my peers have considered if all of this work is truly worth it. Some of the people I’ve spoken to are thinking of trying to find a more rewarding profession, such as nonprofit work, or helping people in some way or another.  As much as they love accounting, sometimes it’s hard to see the big picture of why accounting is such rewarding work and how it can change people’s life. I took these sentiments personally because I feel accounting can be one of the most rewarding professions in helping others, and decided to do some research.

 

The first article I found was by Brenda Lee Tang of the Trinidad Express from November of last year called “Why accountants are the new heroes”.  In this article she says that accounting is “important work to be done on an ethical level.” Accountants are committed to the public good and are taught in ethical practices. We are an independent voice that stakeholders can trust. My personal favorite part of the article was the following paragraph:

“The impact of accountants’ professionalism will be most keenly felt in developing economies. Aided by their integrity and commitment to sustainability, accountants will be able to help create sustainable economic infrastructure, regulatory mechanisms, and codes of governance in places where there were none before. Most importantly of all, they will be vital to the development of the educational infrastructure that will equip the next generation of accountants.” – Brenda Lee Tang

Some people might think that accountants as “heroes” might be too strong a statement. However, I personally use Christopher Reeve’s definition of a hero:
“A hero is an ordinary individual who finds the strength to persevere and endure in spite of overwhelming obstacles.”
I think it’s interesting that it is so hard to find articles that praise the work accountants and auditors do. Especially recently, it seems like every article about accountants is describing audit failures. There are hundreds of front page articles about alleged auditing mistakes, but none about  all the audits that are completed every year without any issues. Continue reading Accountants: Unexpected Heroes of the World →

Academics, Student Life, Valerie

Thankful for Home

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Thanksgiving brought a busy half week of engaging with family and avoiding anything explicitly school related. I returned to Austin late Saturday night, woke up Sunday and went to Starbucks to begin my last tax research memo!! As I turned on my computer and logged onto the Starbucks page, I found a fascinating video entitled Ripe for Change.

Since I am an expert procrastinator, the topic of anything but tax research caught my eye. Since I am from California, this topic of food production hits close to home. And as we just finished celebrating Thanksgiving, food seemed to be an appropriate topic. Watching the video, I found that the issues it addresses within the food industry are highly relevant to us as accountants.

One such issue is regulation. The tensions between the need for regulation and its burden have been prevalent recently, and are particularly relevant in the financial industry that many of us will enter from the MPA program.

In the documentary as multiple farmers comment on the same trend, for example mechanical picking, we see that there is not always a clear cut way to respond to the availability of new technology or situations; we even see that sometimes the alleged problem is not as obvious as it seems. Continue reading Thankful for Home →

Academics, Career, Paul, Student Life

Joe Paterno and Responsibilities of an MPA Student

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I rarely post a very direct blog. Usually, my intent is to keep this column very effervescent, but this incident has left me very distraught. Perplexed even. See, it has been very difficult for me to reconcile my emotions over this event because the line of what I deem right and wrong is now hazy.

Joe Paterno, the winningest coach in FBS with 409 victories, was recently fired by Penn State for failing to report an incident involving former defensive coordinator, Jerry Sandusky.

If you have not heard, the winningest coach in D-1 football, Joe Paterno, was fired amidst a sex scandal involving an assistant coach. Paterno was allegedly notified of a sexual assault incident in 2002, reported it to Penn State officials, but failed to take further action. The assistant coach, in the meantime, had allegedly engaged in sexual misconduct for years and was even seen on the Penn State campus weeks before the scandal emerged, despite being relieved of official business nearly a decade ago.

The rub is that Paterno was fired and this angered many Penn State fanatics. Paterno is not accused of any actual misconduct; however, he was the head coach, overlooked the program, and as a result, is at least partially to blame for the scandal….right?

How does this relate to MPA? There are numerous times when certain people in a firm engage in poor practice and put the jobs of many employees in jeopardy. Nevertheless, even those who engage in poor practice in a firm are usually on a larger team and whatever work they do should be reviewed multiple times.

Yes, I said that: someone did something unethical, it was reviewed several times and it still got through.

The question is how does this happen? Are those who let such actions occur necessarily bad? I don’t think that Joe Paterno is bad… Continue reading Joe Paterno and Responsibilities of an MPA Student →

Academics, Events, Valerie

Non-Criminal Intent

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Among the factors I did not weigh in choosing a graduate program is the number of former prison inmates I would encounter in my studies. I imagine for the vast majority of current and prospective graduate students that is not a concern. As it turns out in the MPA program this semester I have had the opportunity to hear from a handful of white collar criminals during our required course: MPA Distinguished Speaker Lyceum. It also turns out that hearing their stories has been a highly rewarding part of the program.

As these professionals shared their stories I noticed that all rationalized  a genuine belief that what they were doing would be fine and none mentioned evaluating their decisions with someone they respected .  I think these trends tell us something about how to become a white collar criminal and maybe something about how to avoid it.

In the course of sharing his story our most recent speaker said two things in which I thought the semantics were relevant to this idea of prison avoidance:

First he said about arriving at prison “I didn’t intend to be there” and it occurred to me that from his story he also didn’t intend to NOT be there.

Second he mentioned that “intent is a critical element of a white collar crime” and it crossed my mind that intent also seems to be a critical element of NOT white collar crime. Continue reading Non-Criminal Intent →