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Financial Accounting Irregularities

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... 500 anonymous tips on corporate accounting irregularities have recently been pouring into the Securities and Exchange disclosing accounting irregularities and filing for bankruptcy. The consequences of poor corporate governance and accounting irregularities at Enron, Arthur Andersen, Tyco, Global Crossing, Imclone, WorldCom and other major U.S. debacle and the succeeding wave of revelations of accounting irregularities in several other leading corporates such as auditors had discovered a $4 billion fraud. In the months that have followed, many other accounting irregularities ...



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Sources list for FINANCIAL ACCOUNTING IRREGULARITIES:

Financial Accounting Standards Board (1997), Statement of Financial Accounting Standards No. 130 - Reporting Comprehensive Income, Financial Accounting Foundation, Norwalk
Profit

Statement of Financial Accounting Standards No. 48 - Revenue Recognition When Right of Return Exists. Financial Accounting Standards Board. June 1981. Page 4. On the Internet at http://www.fasb.org/pdf/fas48.pdf
Revenue and Expenses

Lewis & Pendrill, Advanced Financial Accounting with Students Guide to Accounting and Financial Reporting Standards, FT Prentice Hall, 2003.
Financial Statements

Elliott, and Elliott, Financial Accounting and Reporting, Financial Times Prentice Hall, 2003.
Financial Statements

Freeman, G.R. & Smith, D.A. (1992, April). Accounting for income taxes - SFAS 109 (Statement of Financial Accounting Standards). The CPA Journal Online. Retrieved August 20, 2005, from http://www.cpaj.com.
Accounting for Income Taxes

 


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