Accounting Fraud: Maneuvering and Manipulation, Past and Present
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Scandals relating to manipulation and fraud have dominated much of the history of business and the accounting profession in America since the founding. Crooks, corruption, scandals and panics have been regular features of the business landscape ever since, with regulations and the expansion of financial disclosure, auditing, and regulatory agencies following major debacles. The importance of this topic is demonstrated by the major accounting and finance scandals of the 21st century, some of the most destructive in our history, including Enron and the multi-trillion dollar real estate crises. This pair of scandals has an extensive number of companions (if less severe and not as well known). The types of violations, causes, and results are equally valid and continue to be of concern today. This short book reveals the signs that suggest financial corruption in organizations and proposes remedies to contain it and prevent its recurrence. It can be used as a supplementary source in introductory financial accounting courses (elementary and intermediate), accounting- and finance-related MBA courses, and business history; or it can be used as part of forensic accounting and fraud detection for continuing education. In addition, it can be useful for accounting and finance professionals wanting exposure to financial disclosure issues and other accounting risks, along with executives looking to expand their knowledge of accounting fraud and risk areas.
Giroux, Gary: - Gary Giroux, PhD, CPA, former Shelton professor of ac-counting at Texas A&M University, is retired. He has published in Accounting Review, Journal of Accounting Re-search, Journal of Accounting and Public Policy, and numerous other journals. Giroux is the author of nine books, including Financial Analysis: A User Approach; Business Scandals, Corruption and Reform, An Encyclopedia; Executive Compensation: Accounting and Economic Issues; and Accounting History and the Rise of Civilization.
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