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? Competency Expansion is normally the number 1 necessary and important component of reaching true accomplishment in most professions as you will spotted in this contemporary society along with in Throughout the world. Which means that happy to speak about together with you in the following in relation to what powerful Competency Enhancement is;. the best way or what options we get the job done to get aspirations and gradually one is going to function with what someone really likes to implement each and every day meant for a total lifestyle. Is it so amazing if you are competent to improve competently and acquire being successful in whatever you thought, geared for, encouraged and performed hard every single working day and absolutely you grown to be a CPA, Attorney, an manager of a great manufacturer or quite possibly a health care professional who could extremely contribute superb assistance and valuations to other individuals, who many, any culture and local community most certainly admired and respected. I can's imagine I can guide others to be top specialized level who will bring serious alternatives and remedy valuations to society and communities presently. How satisfied are you if you turn into one just like so with your very own name on the label? I get arrived at SUCCESS and conquer many the tricky locations which is passing the CPA examinations to be CPA. At the same time, we will also go over what are the pitfalls, or various factors that may very well be on your current manner and exactly how I have professionally experienced them and definitely will reveal you methods to rise above them.

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