WMDs

#TBT: George W. Bush Didn’t Want Arthur Andersen Looking For WMDs That Didn’t Exist

So infamous were Andersen’s false audits that President George W. Bush joked about them at the 2002 annual Alfalfa Club dinner in Washington, D.C. The president claimed he had good news and bad news from Saddam Hussein: “The good news is he is willing to let us inspect his biological and chemical warfare installations. The […]

Accounting = Weapons of Mass Destruction

“Accounting is the CEO’s “weapon of choice” that transforms the perverse incentive into what economists, regulators, and criminologists agree is a “sure thing” in crises (means).”

~ William K. Black, Associate Professor of Economics and Law at the University of Missouri-Kansas City.