A voice from inside

Article Abstract:

Nick Young, a former executive of accounting firm Clark Kenneth Levanthal, ran a bogus investment scheme from 1977 until 1990 when he was arrested and subsequently jailed for financial fraud. Young denies that he ever intended to defraud the investors who placed their money in his scheme, which involved placing funds purportedly intended for an international investment fund into horserace betting. He maintains that he truly felt that racing could provide a safe, tax-efficient investment return and notes that from 1977 to 1982, his investment scheme actually made an excellent return. Young explains that his problems began in 1982 when he lost a substantial amount of investors' money. Young admits that from then on he began to replace lost capital by using money from new investors. In 1990, unable to maintain the deception, he surrendered himself to the police and is now serving a four-year jail term.

DEPOSITORY INSTITUTIONS, Financial services industry, Financial services, Beliefs, opinions and attitudes, Ethical aspects, Investment advisers, Crime, Horse race betting, Young, Nick, Clark Kenneth Levanthal

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In the fast lane to the top

Article Abstract:

Sheila Masters has had a distinguished career in the UK's accounting profession. She has been partner at KMPG for 10 years, a Council member of six years, chaired various Institute Committees and had secondments to the Treasury and the Dept of Health. She has become a memberof the National Health Service policy board and the Inland Revenue's managementboard. Masters does not believe that there is a glass ceiling that prevents women from advancing in the accounting profession, so long as they have the abilities to do. She also says that she was able to avoid any kind of discrimination at KMPG because of her becoming a topnotcher in the Institute ofTaxation examinations. Her success was attributed to her strength of character and commitment in getting a job done. She believes that self-confidence in one's abilities is essential as well as not being fazed by factors that threaten this confidence.

Practice, Masters, Sheila, Women accountants, Peat Marwick Main and Co.

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Time to talk business

Article Abstract:

Forward-looking accounting firms such as Andersen Consulting and KPMG Peat Marwick are using voice processing systems to improve internal and external telephone communications. These voice processing systems are formed by a combination of software and hardware connected to a private telephone exchange. These systems allow users to store and transmit computer-based messages from any telephone within the system.

Prepackaged software, Computer programming services, Innovations, Telecommunications systems, Andersen Consulting, Telephone systems, KPMG Peat Marwick L.L.P.

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