Weekend Dec 24 2016
In the spring of 2017 we will study ethics in Acct 5308,the required class to sit for the Texas CPA exam.
As mentioned here I have been reading Why They Do It.
Harvard Professor Eugene Soltes interviewed white collar criminals for the third section of the book.
Andy Fastow was the Comptroller for Enron, ie the Gene Wilder role from The Producers who cooked the books.
Fastow reflects that it never occurred to him he was doing anything wrong.
Indeed in the remarks he makes he reflects that his 15 year old son read the court transcripts. And he noted that the lawyers, Vinson Elkins, and CPAs, Arthur Andersen both
said what he did was okay. So Dad why are you in prison?
This gets to the very heart of the purpose of the class. As Fastow notes, no one invited him to speak before all this happened, only after.
I look forward to what hope are some lively discussions on this topic in the Spring.
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