Suchergebnisse

• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 1: McKesson & Robbins (1938)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …25 Chapter 2: Cases of Accounting Fraud 2.1 Accounting Fraud in U.S. Companies Case 1: McKesson & Robbins (1938) “Like a torrent of…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 14: Dynegy (2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Enron. How- ever, Dynegy issued materially misleading information to the investing public as well. The matter involved (1) Dynegy’s overstatement of its…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 4: MiniScribe (1989)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …fact that receivables were growing fast. In 1988, for example, MiniScribe booked accounts receivable reserves of less than 1%, while 4% to 10% was… …of their stockhold- ings tumble from a high of USD 15 per share to less than USD 1. The investors revolted and sued the company, and combined with… …. Wiles was convicted on criminal charges. The charges in- volved (1) his filing of false annual reports with the SEC, (2) his insider trading of USD 1.7…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 42: Nikko Cordial (Japan, 2007)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Cordial, meaning that trad- ing in the battered stock would resume as normal the next day. The TSE declared that (1) the amount by which profits were… …financial results again due to accounting irregularities, www.abcmoney.co.uk/news, February 1, 2007 Nikko Cordial has no choice but to accept TSE’s…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 20: AOL Time Warner (2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …every USD 1 of revenue PurchasePro received through referrals from AOL (up to certain limits). In other words, AOL could earn warrants only when third… …, saying they had inflated online advertising revenue by more than USD 1 billion. The SEC alleged that during the two years between mid-2000 and mid- 2002… …, www.telegraph.co.uk, August 1, 2002 Link to scandal lays low AOL Time Warner, www.telegraph.co.uk, August 24, 2002 AOL Time Warner faces $250m lawsuit, The…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Fraud Theories

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …, there are six essential “components of capability” (see Wolfe/Hermanson 2004, as well as Exhibit 7): 1. The person’s position or function within the… …normal and more “grounded” executive. Fraud � Essential traits for committing fraud (“managed mendacity”): (1) Position or function within the… …corporations as well: (1) the environment greatly influences people’s behaviour and thinking, and (2) stop- ping minor offences and restoring order will prevent…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 32: Comroad (Germany, 2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …: Accounting Fraud in European Companies 191 (1) a lack of clarity about the existence of a Hong Kong company named “VT Elec- tronics Ltd.”, and (2) a… …Continental Drift at KPMG, Business Week Online, May 27, 2002 Comroad: A Clear Criminal Case – But Not Civil (!?), German Law Journal, May 1, 2003…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Introduction

  Professor Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …17 Chapter 1: Introduction 1.1 Fraud: A Constant Threat to Companies around the World Fraud is nothing new. History has shown that it has… …, as well as Exhibit 1). Given the fact that the “game” has many different names and takes on many different forms, a clarification of the… …with “fraudulent financial reporting” Exhibit 1: Common Labels for the “Financial Numbers Game” (Mulford/Comiskey) At first sight, the term… …to be fraudulent or not. Nevertheless, the other terms in Exhibit 1 may differ in legal and ethical severity. Fraudulent financial reporting, for…

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  Case 5: Phar-Mor (1992)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …costs. – Mickey Monus was viewed by Finnerty as a “constant source of new business”. Coopers & Lybrand faced claims of more than USD 1… …Times, January 23, 1993 Phar-Mor’s Monus, Finn charged, Drug Store News, February 15, 1993 Phar-Mor Fraud Trial Starts, The New York Times, June 1, 1994…
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  Case 31: Bankgesellschaft Berlin (Germany, 2001)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Berlin, Business Week Online, July 9, 2001 Bonus scandal adds to woes at BGB, www.euromoney.com, August 1, 2001 Finance Scandal: Did Berlin Bank Use… …, www.europa.eu/rapid/pressreleases, February 18, 2004 BGB considers suing auditors, Financial Times, April 1, 2004 Europe’s Enron: A lurid corporate scandal highlights the…