View Cart
For more information
Call 1-800-351-0222

Home > FINANCE: GENERAL > FRAUD IN FINANCIAL REPORTING. >

FRAUD IN FINANCIAL REPORTING.

Discusses the increase of fraud in spite of government regulations. Contends that a lack of independent audit committees leads to the problem. Escalation of the benefits of management fraud. Reviews ten publicly traded firms that experienced financial reporting fraud in recent years. Concludes that audit committees be responsible to the board of directors.
Details
Citations 36
Citation Style APA
Sources 29
Pages 14
Price: $56.00
From the Paper
FINANCIAL REPORTING FRAUD AND AUDIT COMMITTEES
Introduction
Fraud in financial reporting is not a new phenomenon. Neither is a rising incidence of financial reporting fraud an unusual outcome in period of economic distress. What is somewhat surprising is that both the incidence and the severity of financial reporting fraud continues to increase in the face of efforts by the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board (FASB), and other governmental and professional organizations to minimize the frequency and severity of such fraud (Anthony, Harrison, Linehan, & Palker, 1999).
Financial reporting fraud continues to surface in the face of important regulations and procedures implemented to minimize the freque

Also Search for FRAUD IN FINANCIAL REPORTING. in all categories
 

Related Essays

  • Accounting Fraud - Xerox
    Accounting Fraud - Xerox
  • Accounting Ethics
    This is a summary of an article dealing with business and accounting ethics. Briefly summarizes the article; relates the article to accounting, basic financial statements or balance sheets, the accounting cycle, accruals and deferrals and reporting financial results.
  • Ethics Article Review
    Ethics Article Review
  • U.S. Government vs. Corporate America
    Summarizes the Sarbanes-Oxley Act of 2002 and why this legislation is needed. The purpose of the bill to restore public faith in the stock market, and establish safeguards for investors. Provisions of the bill.
  • Auditing
    This paper is a case study of Dream Products and involves an effort by the company's independent auditor to determine if the company's financial statements misrepresent the company's financial condition.
  • STATEMENT OF AUDING STANDARD ( SAS 300).
    Examines SAS requirements for effective internal control procedures. Its importance in corporate governance. Need for auditors to be fully familiar with internal control systems in organizations they audit. Recommendations of the Cadbury Report. Effects of SAS 300. Importance of internal control. Two types of financial fraud.
  • ACCOUNTABILITY & USER-HARM IN ACCOUNTING.
    Responsibility & regulatory issues, revision of ethics code, examples of user-harm resulting from accounting information (e.g. Wedtech).
  • Corporate compliance
    This paper examines two scenarios in which internal control failures resulted in serious compliance issues. The first involves a Merrill Lynch and its failure to create internal procedures that would prevent a conflict of interest in which stock analysts were making recommendations for or against stock in companies that Merrill Lynch performed investment banking work for. The second involved a fraudulent financial reporting scheme involving one of the nation's largest telecommunications companies, QWest which resulted in billions of dollars of misstatements.
  • Sarbannes - Oxley Accounting
    sarbannes, oxley, accounting, fraud, law, federal, tax, worldcom, bankruptcy
  • Commissions, Ethics, and Accounting
    Discusses the preparation of financial statements to file with the SEC for public use in investment decisions as balancing the needs of the company and the needs of its stakeholders, and in particular the shareholders. Cites the PCAOB's desire to remove the “honors system” and “unavoidable risk” from financial reporting, and the belief of FASB that they are asking the impossible.
 

Related Pages




/essays/skin/research/images/custom-side.jpg

Become a Premium Member. Buy all pre-written essays for only $2 per page! AND Get $1 of store credit for every $10 you spend!

Testimonials

This makes all the difference.
The staff and writers are true professionals. They are honest and helpful. If you order from them, you are in very good hands.
I'm so happy!
I used to have such a terrible time with writing, but not any more. This company has taken one of my most stressful college experiences and made it easy!
The Best Service Ever!
I really do appreciate Research Assistance. I'm not a good writer and the service really gets me going in the right direction. The staff gets back to me quickly with any concerns that I might have and they are always on time. Thanks a million for your excellent service.

Subjects

 
Show all subjects...