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Accounting expert accuses Sam Bankman-Fried’s FTX of mishandling customer depositsPeter Easton, accountancy professor at the University of Notre Dame, testified at the ongoing trial against fallen crypto tycoon Sam Bankman-Fried. Investing.com covered Easton’s analysis which showed a significant discrepancy between FTX’s user deposits and bank balances.
Investing.com -
Judge in Sam Bankman-Fried trial reams out lawyers for having witnesses ‘hauled up here’ from across the country without much to sayBusiness Insider referenced testimony Peter Easton, accountancy professor at Mendoza College of Business, gave on his analysis of FTX and Alameda's finances.
Business Insider -
The mystery of FTX’s missing $9 billion unraveled at SBF trialPeter Easton, an accounting professor at the University of Notre Dame, said in a Bloomberg Law article that $11.3 billion in FTX customer funds were supposed to be held at Alameda Research, but only $2.3 billion were actually in its bank accounts.
Bloomberg News -
Time is on management’s side when addressing material weaknesses in financial reporting, study showsResearch from Andrew Imdieke finds that time is the best indicator for success when remediating material weaknesses in internal controls.
Courtney Ryan -
Expert opinions: Best savings accountsMichal Zator, assistant professor of finance, was asked for his expert position in a Wallet Hub article about the best savings accounts.
Wallet Hub -
The accountant shortage is showing up in financial statements“This is an economic shock where larger companies are not able to fill these roles as opposed to choosing not to fill these roles,” said Andrew Imdieke, an assistant professor of accounting at the University of Notre Dame.
Wall Street Journal -
Study finds that people who work hard for their money are less likely to risk their earningsA fascinating new study shines a light on this intriguing correlation, challenging long-standing assumptions and broadening our understanding of the dynamics between effort, earnings, and risk tolerance.
MSN News -
Investors overvalue companies that align with presidential policies – and their mistakes leave money on the tableFinance researcher Zhi Da analyzed how presidential politics affects the performance of individual stocks, especially those that could benefit or be hurt by a president’s policies.
Ty Burke -
Notre Dame professor explains impacts of debt ceiling standoff"[Financial regulators] are kind of marking June 1st as D-Day," said John Stiver, associate teaching professor of finance at the Mendoza College of Business in an ABC57 interview.
ABC 57 News -
Burying bad 8-K news raises red flagsCFO Dive covered a study by Mendoza College of Business' Jessica Watkins, assistant professor of accountancy, which found companies seek to deflect from bad news by publishing unrelated press releases on the same day
CFO Dive