Esprit de Corps and Transcendent Organizational Behavior

The Role of Athletics in Haskins & Sells’ Corporate Culture

By Mark E. Jobe and Dale L. Flesher

APRIL 2005 - Charles Waldo Haskins and Elijah Watt Sells first met in 1893 when they were selected to work as expert accountants on behalf of the Dockery Commission in Washington, D.C. The commission, named for Representative Alexander M. Dockery, was created by an act of the 53rd Congress to “examine the status of the laws organizing the Executive Department, Bureaus, Divisions, and other Government Establishments at the National Capital” in order to “secure greater efficiency and economy.” Full Story

Publisher's Column

Foreign Currency Forward Contract Hedges of Exposed Assets/Liabilities

The proper treatment of foreign currency forward contract hedges of assets and liabilities denominated in a foreign currency is not easily discernible from the examples provided in the relevant statements (SFAS 52, Foreign Currency Translation; SFAS 133, Accounting for Derivative Instruments and Hedging Activities; SFAS 138, Accounting for Certain Derivative Instruments and Certain Hedging Activities—an amendment of SFAS 133; Full Story

Responsibility for Ethics: Firms or Individuals?

An NYSSCPA task force is currently discussing how the accounting profession deals with unacceptable behavior; specifically: What would the profession’s peer review and ethics programs look like if we were starting from scratch?
This question is interesting because assigning responsibility to ensure the profession’s core concepts of integrity, independence, and competence has been approached in an apples-and-oranges manner.
Full Story

The Sarbanes-Oxley ‘Ax’

According to SEC Chairman William Donaldson, the widespread collapse of investor confidence and the recognition that something had gone seriously wrong in corporate America prompted the Sarbanes-Oxley Act (SOA). Giving the SEC full authority to punish corporate wrongdoing is nothing new, although it is easy to forget that the SEC had virtually no power to seek or impose civil penalties until 1984, some 50 years after the agency was created. Full Story

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