Sridhar Ramamoorti and Dr. Barry Jay Epstein have been awarded The CPA Journal’s 2016 Max Block Award for their “outstanding” News & Views/Opinion article titled “When Reckless Executives Become Dangerous Fraudsters: Reward Structures and Auditing Procedures Need to Be Reformed to Deter ‘Dark Triad’ Personalities.”
The news announcement from The CPA Journal reads,
Sridhar Ramamoorti, PhD, CPA, CFE, CFF, MAFF, an associate professor in the department of accounting at the School of Business Administration at the University of Dayton, Dayton, Ohio, and Barry J. Epstein, PhD, CPA, CFF, a principal with Epstein + Nach LLC based in Chicago, received the award for Outstanding Article in the Area of News & Views/Opinion for, When Reckless Executives Become Dangerous Fraudsters: Reward Structures and Auditing Procedures Need to Be Reformed to Deter ‘Dark Triad’ Personalities, published in the November 2016 issue. At its foundations, auditing is about verifying the assertions that find expression through the numbers presented in the financial statements, performed by well-qualified, competent, and independent auditors. Authors Ramamoorti and Epstein emphasize that those charged with responsibility for corporate governance need to understand people in order to understand what they produce. At the end of the day, fraud is a human act.
The Max Block Distinguished Article Award is named to honor former CPA Journal managing editor Max Block and was established to recognize and award outstanding work that had been published in the Journal the previous year.
The CPA Journal is a publication of the New York State Society of CPAs, and is broadly recognized as an outstanding, technical-refereed publication for accounting practitioners, educators, and other financial professionals. Edited by CPAs for CPAs, it aims to provide accounting and other financial professionals with the information and analysis they need to succeed in today’s business environment. The CPA Journal is available for free online at www.cpajournal.com.