Business Fairy Tales: Grim Realities of Fictitious Financial Reporting
Learn to spot signs of potential accounting fraud with BUSINESS FAIRY TALES! Based on analysis of the frequency of Securities and Exchange Commission (SEC) enforcement actions, this accounting text identifies the twenty most prevalent accounting schemes used to fraudulently overstate earnings and hide debt. Each accounting trick is explained with a detailed, engaging story of a company and the officials who committed a spectacular version of that method of fictitious financial reporting. In addition to the specific cases, this business text presents a compelling argument for the kind of reform that is needed, as well as the ethical frameworks that must support authentic reform.