Discover how creative accounting exploits loopholes in standards to artificially enhance a company's financial image, and learn about its implications for companies and investors.
Enron. WorldCom. What comes to your mind when you think of these organizations? The use of variable interest entities and misleading classifications of assets to misstate earnings. Accounting ...
A new report says Lehman Bros. used accounting tricks to cover up the fact it had been insolvent for weeks before it filed for bankruptcy in September 2008. Lynn Turner, former chief accountant for ...
Creative companies rarely comply with standard business templates. Their working practices, pay scales and – yes even in these austere times – expense accounts, would give many a traditional finance ...
2022 MAY 06 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily-- A new study on risk management is now available. According to news reporting from Kuala Lumpur, Malaysia, ...
Regarding Steven Malanga’s “A Town’s ‘Creative Accounting’ Leads to a Fraud Conviction” (Cross Country, June 17): If I used “creative accounting” to obscure my true taxes owed, I’d find myself fined, ...
Corporate financial statements, with their numbers calculated down to the dollar and even the penny, have always seemed to be etched in stone. In these Enron-tainted days, regulators and investors are ...
Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Dr. Melody Bell is a personal finance ...
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