Suchergebnisse

• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 40: Kanebo (Japan, 2005)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …auditors. The presiding judge said: “The crime significantly eroded the public trust in the auditing system. It is shameful that they have failed to… …realize the high professional morality as certified accountants and lost the true aim of auditing, which is to pro- tect the investors.” The judge also… …Japan and more punishments of auditors involved. He also predicted a destructive shake-up of the Japanese auditing industry and warned of potential… …establish a new independent affiliated firm in Japan that would “adopt international best practices in auditing”. Thus, in July 2006, a new audit firm… …each of Japan’s large accountancy firms. The investigations were car- ried out by the newly created “Certified Public Accountants and Auditing Oversight… …Knapp, Michael C.: Contemporary Auditing – Real Issues & Cases, 7th edition, Mason/Ohio 2008, pp. 421–425 Cosmetic firm…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 1: McKesson & Robbins (1938)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …corporate governance and auditing reforms. Within months of the discov- ery of the fraud, a special committee of the AICPA recommended significant changes to… …conducting audit tests. Finally, the auditing profession adopted two standards that are still followed today (see WSJ June 30, 1999): – The physical… ….: McKesson & Robbins: a milestone in auditing, www.taylorandfrancis.metapress.com, 1999 Clikeman, Paul M.: The Greatest Frauds of the Last Century…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 10: MicroStrategy (2000)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …internally discussing joint business activities while PwC was auditing the company’s books. Allegedly, PwC even entered into deals to buy MicroStrategy… …August 2003 settlement, without admitting or denying wrong- doing, Martin agreed to be barred from auditing publicly traded companies. He vol- untarily… …, 2000 Firm Auditing MicroStrategy Settles Lawsuit, The New York Times, May 10, 2001 SEC settles case with PwC, www.accountancy.com, August 19, 2003…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  The Warning Signs of Fraud

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …auditor on accounting, auditing, or reporting matters (particularly about aggressive application of accounting principles that increase earnings) –… …present in a specific set- ting, auditors should be even more vigilant. References: AICPA: Statement on Auditing Standards No. 99 (SAS 99)… …Reporting Indicators, Auditing 1/1993, pp. 99–110 Hall, John J.: How to Spot Fraud, Journal of Accountancy, October 1996, pp. 85–88 Heiman-Hoffman, Vicky… …spot fraud? Journal of Accountancy, October 1996, pp. 75–77 IAASB: International Standard on Auditing 240 (Revised): The Auditor’s Responsibility to…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 37: Siemens (Germany, 2006)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …improprieties in recent years. The auditing firm should have noticed the apparent bribes, given their scale over such a long time. KPMG denied the allegations… …, saying it had always fulfilled all its reporting duties in connection Accounting Fraud in European Companies 223 with the auditing of Siemens’s… …have been in full compliance with all applicable auditing standards.” However, the Siemens supervisory board was not told of any wrong- doing until… …Bribe scandal highlights KPMG auditing role, The Independent, September 23, 2007 Siemens restructures after corruption claims, www.accountancyage.com…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 3: Crazy Eddie (1987)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …who are out on the front lines of auditing, they know nothing about people like me. It is easy to fool them. Accounting stu- dents must take separate… …Knapp, Michael C.: Contemporary Auditing – Real Issues & Cases, 7th edition, Mason/Ohio 2008, pp. 99–107 Securities and Exchange…
• eBook-Kapitel aus dem Buch Accounting Fraud

  A Practice Aid for Auditors: Fraud Interviews – An Inquiry Guide

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …practice aid designed to help the audit team to plan and tailor these fraud interviews as required by the international auditing standards. It in- cludes… …: Statement on Auditing Standards No. 99 (SAS 99): Consideration of Fraud in a Financial Statement Audit, October 2002 Buckhoff, Thomas A. / Hansen, James D… …, Zeitschrift fuer Corporate Governance, February 2006, pp. 27–32 (in German) IAASB: International Standard on Auditing 240 (Revised)…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 4: MiniScribe (1989)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Auditing Enforcement Release No. 1150, August 11, 1999 Wang, Zhemin / Swift, Kenton D. / Garrison, Michael / Schmaltz, Wayne / Glatt, Janice…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 6: Bausch & Lomb (1994)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Exchange Commission: In the Matter of Bausch & Lomb, Inc., Harald O. John- son, Ermin Ianacone, and Kurt Matsumoto, Accounting and Auditing Enforcement…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 27: Flowtex (Germany, 2000)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …pretend business. In 2002, the well-known auditing firm paid creditors of the bankrupt drilling equipment maker EUR 50 million. KPMG said that it made the…