Called to Account : Fourteen Financial Frauds that Shaped the American Public Accounting Profession

by Clikeman, Paul M.

• ISBN13: 9780203884485
• ISBN10: 0203884485
• Copyright: 2008-12-16
• Publisher: Taylor & Francis

Summary

This book describes fourteen financial frauds that influenced the American public accounting profession and directly led to the development of accounting standards and legislation as practiced in the US today. This entertaining and educational look at these historic frauds helps enliven and increase understanding of auditing and forensic accounting for students.

Table of Contents

Preface

Scandal and Reform

Birth of a Profession

Out of Darkness

Ivar Kreuger

McKesson & Robbins

Into the Spotlight

The Profession's Principle Problem

Generally Accepted Accounting Principles

National Student Marketing

Equity Funding

Déjà Vu

The Savings & Loan Crisis

It's a Wonderful Life?

ESM Government Securities

Lincoln Savings & Loan

Bank Robbers

The Expectation Gap

Auditors and Fraud

ZZZZ Best

Crazy Eddie

Closing the Gap

The Litigation Crisis

Auditors' Legal Liability

Fund of Funds

MiniScribe

Litigation Reform

Beginning of the End

Auditor Independence

Waste Management

Sunbeam

End of the Millennium

From Profession to Regulated Industry

Professionalism

Enron

WorldCom

The Perfect Storm

Conclusion

Discussion Questions

Suggestions for Integrating Called to Account with Popular Auditing Texts

Table of Contents provided by Publisher. All Rights Reserved.