Suchergebnisse

• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 2: ZZZZ Best Company (1987)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Accounting Fraud in U.S. Companies 29 Case 2: ZZZZ Best Company (1987) The story of Barry Minkow, the amazing teen-age swindler, may… …unfinished building and, astonishingly, completing it in Accounting Fraud in U.S. Companies 32 just 20 days, at a cost of USD 2 million. It was a…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 14: Dynegy (2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …energy-trading activity resulting from fraudulent “round-trip” or “wash” trades, and (2) Dynegy’s improper accounting for a complex web of financing transactions… …Times, April 16, 2005 Revision of 24-Year Prison Term Ordered in Accounting Fraud, The New York Times, November 2, 2005 Dynegy Re-Sentencing…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 42: Nikko Cordial (Japan, 2007)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …overstated was not that great, and (2) there was no evidence of an ongoing, systematic effort. In recent years, however, there had been a number of cases in… …Not Delist Nikko Cordial Shares, www.papers.ssrn.com, September 2007 2 Executives at Japanese Firm to Resign in Accounting Scandal, The…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Fraud Theories

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …override”) the internal control system. 2. The person must also be smart enough to “pull it off”. Most of the accounting frauds are being committed by… …organization (=> Management override of controls) (2) Intelligence (“brains”), creativity and experience (3) Strong ego and great confidence (4) Coercion… …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 9: Cendant/CUC (1998)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …, June 15, 2000 Trial Starts for 2 Accused in Cendant Fraud, The New York Times, May 11, 2004 Ex-Cendant Chief’s 3rd Trial Starts in Securities Fraud… …Washington Post, January 18, 2007 2 former Cendant execs avoid prison, www.msnbc.com, January 31, 2007 Report: Cendant’s Silverman Knew about Fraud…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 33: Vivendi Universal (France, 2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …company’s ability to meet its cash needs. – Vivendi failed timely to disclose all of the material facts about its investment in a fund that purchased a 2… …, www.news.bbc.co.uk, July 2, 2002 Universal disaster as Vivendi crumbles, www.telegraph.co.uk, July 3, 2002 Vivendi: The Stakes Go Up – Probes by U.S. regulators…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Types of Fraud

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …described in Chapter 2). Common examples of accounting fraud include overstating assets and revenues, as well as understating liabilities and expenses… …schemes can be classified in one (or more) of these sub-categories: (1.) Improper asset valuations, (2.) Concealed liabilities and expenses, (3.)… …balance of cash (2.) Concealed liabilities and expenses There are several common methods for concealing liabilities and expenses. Usually, these…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 19: Adelphia Communications (2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …predictable cash flow that is unlikely to shrink during an economic down- turn), (2) the percentage of its cable plant that had been upgraded (which also… …, www.news.bbc.co.uk, July 24, 2002 Adelphia founder, 2 sons, 2 others arrested in fraud: Investigators say company was ‘personal piggy bank’, USA TODAY, July 25…
• 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 4: MiniScribe (1989)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …. 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…