Suchergebnisse

• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 32: Comroad (Germany, 2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …the International Accounting Standards Board (IASB). Still, Comroad’s accounting was questioned by the German news media as early as summer 2001, and…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Introduction

  Professor Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …rules, but might violate accepted standards of disclosure Giving year-end discounts to major customers, generating sales “pull forwards”, but failing… …disregard for accepted accounting or disclosure standards Fraudulent financial reporting Knowingly failing to comply with GAAP; intentional wrongdoing…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 13: WorldCom (2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …standards others will follow.” It was shortly after Ebbers had left that the fraud was discovered and disclosed. Fraud detection and disclosure As… …manner inconsistent with necessary standards of conduct Accounting Fraud in U.S. Companies 100 – put in place a new “Ethics Pledge Program”…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 25: Bernard Madoff (2008)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …its website that Madoff had “a strong personal interest in maintaining the high ethical standards that have always been the firm’s hallmark”. “He… …. Nevertheless, the auditors of the feeder funds contended that their work conformed to all professional standards. The executive director of the Center for…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 37: Siemens (Germany, 2006)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …have been in full compliance with all applicable auditing standards.” However, the Siemens supervisory board was not told of any wrong- doing until… …sometimes necessary still exists among German business people. “You find it today when you talk with German executives. They say: Germans have high standards…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 38: Daewoo Group (South Korea, 1999)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …. The lending Accounting Fraud in Asian Companies 227 banks maintained rather lax standards, focusing on revenues and sales volume, instead… …“equity investment” served as a guaranteed loan. Funds acquired in this fashion contravened accounting standards because they should have been recorded as…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 5: Phar-Mor (1992)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …cal year-end of Phar-Mor), Monus posted sales of more than USD 3 billion. By seemingly all standards, Phar-Mor was a rising star touted by some…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 15: Xerox (2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …regions, principally Mexico and Brazil, Xerox relaxed its credit standards and leased equipment to high-risk customers at low initial monthly rates that…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 34: Royal Ahold (The Netherlands, 2003)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …rigorous performance standards that were imposed on Ahold’s domestic operations. During the 1990s, CEO Cees van der Hoeven had established an overall…