Research Catalog

Called to account : fourteen financial frauds that shaped the American accounting profession /

Title: Called to account : fourteen financial frauds that shaped the American accounting profession / Paul M. Clikeman.
Author: Clikeman, Paul M., 1960-
Publication: New York : Routledge, 2009.

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Request for On-site Use Request Scan Not available - Please for assistance.	Text	Use in library	HF5616.U5 C575 2009	Off-site
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Details

Description

ix, 345 p. : ill.; 23 cm.

Summary

"Accounting fraud and how it has affected business practices both in the United States and internationally has never been of greater importance than it is now. Called to Account describes fourteen financial frauds that influenced the American public accounting profession and directly led to the development of accounting standards and legislation as practiced in the United States today. This entertaining and educational look at these historic frauds helps enliven and increase understanding of auditing and forensic accounting for students." "Chapters describe the tricks fraudsters such as "Crazy Eddie" Antar and "Chainsaw Al" Dunlap used to fool their auditors. Readers will learn how MiniScribe employees disguised packages of bricks as inventory, how Equity Funding personnel programmed the company's computer to generate 64,000 phony life insurance policies, and how Enron inflated its profits by selling and then repurchasing money-losing assets." "Complementing these chapters on high-profile crimes and criminals are chapters that trace the development of the public accounting profession and explain how each scandal shaped current accounting practices. Designed to complement dry, uninvolving auditing and advanced accounting texts with an engaging narrative, Called to Account also includes discussion questions and a useful chart which shows instructors and students how each chapter illustrates topics in leading accounting and auditing textbooks."--BOOK JACKET.

Subjects

Accounting > Standards > United States
Corporations > Corrupt practices > United States > Accounting
Accounting fraud > United States
Fraud

Bibliography (note)

Includes bibliographical references (p. [319]-338) and index.

Contents

1. Scandal and reform -- Pt. I. Birth of a profession -- 2. Out of darkness -- 3. Ivar Kreuger -- 4. McKesson & Robbins -- 5. Into the spotlight -- Pt. II. The profession's principle problem -- 6. Generally accepted accounting principles -- 7. National student marketing -- 8. Equity Funding -- 9. Déjà vu -- Pt. III. The savings and loan crisis -- 10. It's a wonderful life? -- 11. ESM Government Securities -- 12. Lincoln Savings & Loan -- 13. Bank robbers -- Pt. IV. The expectation gap -- 14. Auditors and fraud -- 15. ZZZZ Best -- 16. Crazy Eddie -- 17. Closing the gap -- Pt. V. The litigation crisis -- 18. Auditors' legal liability -- 19. Funds of funds -- 20. MiniScribe -- 21. Litigation reform -- Pt. VI. Beginning of the end -- 22. Auditor independence -- 23. Waste Management -- 24. Sunbeam -- 25. End of the millennium -- Pt. VII. From profession to regulated industry -- 26. Professionalism -- 27. Enron -- 28. WorldCom -- 29. The perfect storm -- 30. Conclusion.

ISBN

9780415996976 (hbk : alk. paper)
041599697X (hbk : alk. paper)
9780415996983 (pbk : alk. paper)
0415996988 (pbk : alk. paper)

LCCN

2008028151

Owning Institutions

Princeton University Library