Balance-Statement Reporting at Premium Capital Funds (A)

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Balance-Statement Reporting at Premium Capital Funds (A)

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Publication Date:
December 16, 2019

Source:
Darden School of Business

This case is part of the Giving Voice to Values (GVV) curriculum. To see other material in the GVV curriculum, please visit http://store.darden.virginia.edu/giving-voice-to-values. In 2009, Ricardo Martinez, management assistant at Premium Capital Investment Advisors (PCIA), was asked to fabricate some of the information to be included in the monthly account balance statements addressed to five shareholders in Premium Capital Funds (Premium), a piece within a complex network of firms founded by Interbolsa, the largest brokerage firm in Colombia. The request, Martinez had been told by his supervisor, “came from the top.” Martinez found himself at a crossroads: however outrageous the order was, refusing to obey it would certainly have negative consequences for his immediate future and medium-term career. Reporting the issue to the authorities appeared as though it would be totally useless-and yet, obeying was out of question. What, then, could he do to try to stop this falsification from happening?

Copyright © 2020 Harvard Business School Publishing. All rights reserved. Harvard Business Publishing is an affiliate of Harvard Business School.

Balance-Statement Reporting at Premium Capital Funds (A)

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From Admin and Read More here. A note for you if you pursue CPA licence, KEEP PRACTICE with the MANY WONDER HELPS I showed you. Make sure to check your works after solving simulations. If a Cashflow statement or your consolidation statement is balanced, you know you pass right after sitting for the exams. I hope my information are great and helpful. Implement them. They worked for me. Hey.... turn gray hair to black also guys. Do not forget HEALTH? Proficiency Advancement will be the number 1 critical and main element of accomplishing true good results in almost all procedures as one noticed in a lot of our contemporary society along with in Throughout the world. So fortunate to look at together with you in the following relating to what precisely good Proficiency Development is;. the correct way or what tactics we perform to accomplish aspirations and sooner or later one will deliver the results with what the person enjoys to conduct any time of day regarding a entire your life. Is it so good if you are competent to establish competently and obtain victory in precisely what you thought, directed for, self-displined and did wonders very hard any day time and unquestionably you grown to be a CPA, Attorney, an person of a significant manufacturer or quite possibly a health care professional who can remarkably make contributions amazing help and values to many others, who many, any population and community most certainly admired and respected. I can's believe that I can guide others to be major skilled level just who will make contributions critical choices and aid values to society and communities at present. How content are you if you turn into one like so with your own personal name on the label? I have got there at SUCCESS and beat many the difficult areas which is passing the CPA examinations to be CPA. On top of that, we will also deal with what are the downfalls, or many other troubles that might be on your current method and exactly how I have personally experienced them and might present you tips on how to get over them.

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