奥斯塔：股票补偿的缺点

Q1 Social Sciences

Journal of Accounting Education Pub Date : 2025-06-14 DOI:10.1016/j.jaccedu.2025.100980

Alyssa Ong , Andrea M. Scheetz

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引用次数: 0

摘要

Austal是一家澳大利亚公司，在美国有一家子公司，为海军建造船只。2023年，三名员工被司法部起诉，并被证券交易委员会指控欺诈。该案例描述了濒海战斗舰的成本是如何被人为降低以提高收益的。本案例还包括激励性薪酬的一般背景信息，以便学生了解它的典型运作方式，以及Austal对其关键管理人员的可变薪酬的具体情况。在这种情况下，我们可以讨论激励性薪酬是如何成为Austal USA总裁、财务分析主管和LCS项目主管实施欺诈的主要驱动因素的。

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Austal: The downside of stock compensation

Austal is an Australian company with a subsidiary in the United States that constructs ships for the Navy. In 2023, three employees were indicted by the Department of Justice and charged by the Securities and Exchange Commission for fraud. The case describes how costs for Littoral Combat Ships were artificially lowered to boost earnings. The case also includes general background information on incentive compensation so that students can understand how it typically works, as well as the specifics of Austal’s variable compensation for its key management personnel. This allows for a discussion of how, in this case, incentive compensation was the primary driver for Austal USA’s president, director of Financial Analysis, and director of the LCS Program to commit fraud.

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来源期刊

Journal of Accounting Education Social Sciences-Education

CiteScore

4.20

自引率

0.00%

发文量

期刊介绍： The Journal of Accounting Education (JAEd) is a refereed journal dedicated to promoting and publishing research on accounting education issues and to improving the quality of accounting education worldwide. The Journal provides a vehicle for making results of empirical studies available to educators and for exchanging ideas, instructional resources, and best practices that help improve accounting education. The Journal includes four sections: a Main Articles Section, a Teaching and Educational Notes Section, an Educational Case Section, and a Best Practices Section. Manuscripts published in the Main Articles Section generally present results of empirical studies, although non-empirical papers (such as policy-related or essay papers) are sometimes published in this section. Papers published in the Teaching and Educational Notes Section include short empirical pieces (e.g., replications) as well as instructional resources that are not properly categorized as cases, which are published in a separate Case Section. Note: as part of the Teaching Note accompany educational cases, authors must include implementation guidance (based on actual case usage) and evidence regarding the efficacy of the case vis-a-vis a listing of educational objectives associated with the case. To meet the efficacy requirement, authors must include direct assessment (e.g grades by case requirement/objective or pre-post tests). Although interesting and encouraged, student perceptions (surveys) are considered indirect assessment and do not meet the efficacy requirement. The case must have been used more than once in a course to avoid potential anomalies and to vet the case before submission. Authors may be asked to collect additional data, depending on course size/circumstances.