Featured Speaker Andrew Fastow: Rules Versus Principles

When is it acceptable to engage in a transaction that technically complies with the rules but may be misleading? Can a transaction that technically complies with the rules be considered unethical or illegal? Is it ever appropriate to depart from Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS)? Fastow will cite examples of such transactions at major companies, he will discuss the rationalizations made by executives to justify their decisions and he will discuss examples of how these decisions can cause great harm to stakeholders.

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