'Irregularities Never Occur in a Vacuum'

Marshall, Jeffrey
December 2003
Financial Executive;Dec2003, Vol. 19 Issue 9, p19
Academic Journal
This article presents an examination of how Mark A. Zorko, Chief Financial Officer (CFO) partner at Tatum Partners, resolved the ethical issues he confronted when he was recruited as a CFO of a publicly-held electronic manufacturing firm in the mid-1990s. The author presents views on the common causes of financial fraud which, he notes, usually have deep rooted causes within an organization that can take a long time to uncover and prevent. Zorko discusses his experience and notes that despite top executives being fired over a financial scandal, there was still a great deal of unethical behavior occurring at the organization that had become ingrained and seen as standard practice.


Related Articles

  • The Fraud Response. Giovino, Christopher J. // Internal Auditor;Feb2015, Vol. 72 Issue 1, p43 

    The article discusses the need for internal auditors to master the investigative, insurance and legal aspects of fighting fraud due to rising occupational crime. Topics include the role of internal auditors in helping their organization understand and manage fraud risks, the need to foster...

  • Social Cognitive Theory: The Antecedents and Effects of Ethical Climate Fit on Organizational Attitudes of Corporate Accounting Professionals-A Reflection of Client Narcissism and Fraud Attitude Risk. Domino, Madeline; Wingreen, Stephen; Blanton, James // Journal of Business Ethics;Oct2015, Vol. 131 Issue 2, p453 

    The rash of high-profile accounting frauds involving internal corporate accountants calls into question the individual accountant's perceptions of the ethical climate within their organization and the limits to which these professionals will tolerate unethical behavior and/or accept it as the...

  • Legislated Ethics: From Enron to Sarbanes-Oxley, the Impact on Corporate America. Rockness, Howard; Rockness, Joanne // Journal of Business Ethics;Mar2005 Part 1, Vol. 57 Issue 1, p31 

    This paper explores the financial reporting scandals of the past decade and the resulting U.S. legislative attempts to impose ethical behavior and control the incidence of new reporting problems via the Sarbanes- Oxley legislation. We begin with a brief historical perspective followed by...

  • Fraud What Starts Small Can Snowball. Sweeney, Paul // Financial Executive;Dec2003, Vol. 19 Issue 9, p18 

    This article presents an examination into the reasons behind the occurrence of financial fraud and corruption in some companies in the U.S. The author provides various views from business ethicists and law experts on the cause of financial fraud, noting that most fraud occurs as the result of...

  • Protecting your company from fraud. Grill Jr., Norman G. // Fairfield County Business Journal;04/24/2000, Vol. 39 Issue 17, p34 

    Discusses critical business areas to monitor for fraud. Thorough examination of bank reconciliations; Monitoring of employees; Most prevalent payroll fraud schemes; Falsifying hours of labor; Importance of paying attention to the job duties of sales personnel; Recommendation of segregating...

  • Introduction to the Special Issue on Tone at the Top. Gunz, Sally; Thorne, Linda // Journal of Business Ethics;Jan2015, Vol. 126 Issue 1, p1 

    The article presents an introduction to content in the current issue including several papers that examine the importance to firms of ethical leadership, and of practices, systems, and structures that reflect high ethical values.

  • Selbstkontrolle hat ihre Grenzen.  // Die Bank;dez2012, Issue 12, p77 

    The article discusses the significance of self control, moral conscience, and integrity as cognitive resources in business, resulting in the necessity of nurturing a climate of mutual trust and honesty within the company which enhances the development of these traits.

  • CULTURE OF BUSINESS DEALINGS: ETHICS AND AESTHETICS. Mitrović, Zora // EMIT: Economics, Management, Information, Technology;2015, Vol. 3 Issue 4, p232 

    Once upon a time, in old times, Socrates uttered an ancient wisdom: Virtue is knowledge. Man acting according to the laws of Virtue is the one who knows something and who can do something. That`s the man who cognized the essence of his existence on Earth. We are all full of faults, but the...

  • CEOs, CFOs, and Accounting Fraud. Boyle, Douglas M.; Carpenter, Brian W.; Hermanson, Dana R. // CPA Journal;Jan2012, Vol. 82 Issue 1, p62 

    The article focuses on fraudulent financial reporting, which has been a long-standing concern for the U.S. investors. It discusses the findings of a study that provides valuable insights into the role of chief executive officers (CEO) and chief financial officer (CFO) in the prevention of such...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics