Litigation Services Handbook
The Role of the Financial Expert
Chapter One
CORPORATE SCANDALS: THE
ACCOUNTING UNDERPINNINGS (NEW)
Kathleen Fitzgerald, MBA, CPA
Roman L. Weil, PhD, CPA, CMA
CONTENTS
47.1 INTRODUCTION 47.2
47.2 Current Financial Reporting
Environment 47.3
(a) Recent History 47.3
(b) Who Is Watching the Shop? 47.5
(c) Conflicts of Interest 47.6
(d) Ignorance 47.6
(e) Cronyism 47.6
(f) Insufficient Time 47.6
47.3 Management Incentives To Report
Fraudulent Earnings 47.7
(a) Raising Funds for Investment
through the Issue of Shares of
Stock 47.7
(b) Raising Funds with Debt Financing
or Obtaining More Favorable Terms
on Existing Debt Financing 47.7
(c) Dispelling Negative Market
Perceptions 47.7
(d) Demonstrating Compliance with
Financing Covenants 47.7
(e) Meeting Company Goals and
Objectives 47.8
(f) Meeting Bonus ... read full excerpt from Litigation Services Handbook: The Role of the Financial Expert ebook
