Detecting accounting fraud before it's too late
Detect accounting fraud before it’s too late Accounting fraud is the deliberate manipulation of accounting records in order to make a company's financial performance seem better or worse than it actually is. Accounting scandals often have catastrophic consequences for shareholders and employees...
| Otros Autores: | |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Hoboken, New Jersey :
Wiley
[2019]
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| Edición: | 1st edition |
| Colección: | Wiley finance series
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009630551206719 |
Tabla de Contenidos:
- Cover
- Title Page
- Copyright
- Contents
- Prologue
- Introduction
- Acknowledgments
- Chapter 1 Fraud and Accounting Manipulations
- 1.1 Fraud and Its Effects
- 1.2 Modifying Companies' Financial Information
- 1.3 Calling Things by Their Name: From Creative Accounting to Big Baths
- References
- Chapter 2 Accounting Fraud: An Ancient Practice
- 2.1 The First Accounting Frauds
- 2.2 Accounting Frauds Continue with the Double Entry
- 2.3 The Crash of 1929 and the Obligation to Audit Accounts
- 2.4 Reinforcement of the Commercial Law and Auditing After the String of Scandals of 2000
- 2.5 With the Crisis of 2008, History Repeats Itself
- References
- Chapter 3 Problems with Legislation and Those Involved in the Financial Information
- 3.1 How Financial Information Is Generated
- 3.2 Auditing of Accounts: Essential, but Not Infallible
- 3.3 Analysts and Rating Agencies
- 3.4 Regulators and the Limitations of Accounting Regulations
- 3.5 Role of the Media
- References
- Chapter 4 Why Are Accounts Manipulated?
- 4.1 Motivation, Opportunity, and Rationalization
- 4.2 The Door to Fraud
- References
- Chapter 5 Legal Accounting Manipulations
- 5.1 Alternatives, Estimations, and Legal Gaps
- Transactions That Can Be Accounted for by Choosing Among Several Alternatives
- Uniformity
- Relative Importance
- Accounting Notes Based on Estimates That Imply a High Degree of Subjectivity
- Gaps in the Accounting Standards
- 5.2 Main Legal Manipulations
- 5.3 Impact of Legal Manipulations in the Accounts
- References
- Chapter 6 Illegal Accounting Manipulations
- 6.1 Accounting Crime
- 6.2 How Illegal Manipulations Are Done
- 6.3 Operations Through Tax Havens
- 6.4 Main Illegal Manipulations
- 6.5 Main Items Affected by Accounting Frauds
- References.
- Chapter 7 Ethical Considerations and Economic Consequences of Manipulations
- 7.1 The Ethical Dimensions of Accounting Fraud
- 7.2 Economic Consequences of Accounting Fraud
- 7.3 Consequences to Managers and Companies that Manipulate Accounts
- 7.4 What to Do When a Company Deteriorates
- References
- Chapter 8 Personal Warning Signs
- 8.1 Moments the Warning Signs Occur
- 8.2 Warning Signs Before Fraud Occurs
- Motivation
- Opportunity
- Rationality
- Profile of the Person
- 8.3 Warning Signs After the Fraud Occurs
- 8.4 Language of Fraudsters
- 8.5 Successful Businessmen Who End Up in Jail
- References
- Chapter 9 Organizational Warning Signs and Nonfinancial Indicators
- 9.1 Warning Signs Before a Fraud Occurs
- Motivation
- Opportunity
- Rationality
- Profile
- 9.2 Warning Signs After a Fraud Occurs
- 9.3 Warning Signs Based on Nonfinancial Indicators
- References
- Chapter 10 Warning Signs in the Accounts
- 10.1 Auditing of Accounts
- Indicator Related to the Audit
- 10.2 Balance Sheet
- 10.3 Income Statement
- 10.4 Cash Flow Statement
- Ratio of Difference Between Profit and Cash
- Ratio of Difference Between Cash Flow and Cash Flow Generated by Operations
- 10.5 Statement of Changes in Equity
- 10.6 Notes
- 10.7 Ratios That Anticipate Frauds
- Profitability and Margin Ratios
- Liquidity Ratio
- Debt Ratios
- Z‐Score Formula
- Example on How to Forecast the Default of a Company
- 10.8 Variations in Accounts that Warn of Frauds Already Produced
- 10.9 Ratios That Warn of Frauds Already Produced
- Term Ratios
- Asset Turnover
- 10.10 Synthetic Index to Detect Manipulating Companies
- References
- Chapter 11 Some Suggestions to Improve the Current Situation
- 11.1 Reinforce Values and Institute Ethical Codes
- Teamwork
- Social Responsibility
- Incentives and Values.
- 11.2 Improve Control Systems in Organizations
- 11.3 Improve Regulation
- 11.4 Reinforce Supervision
- 11.5 Reinforce the Sanctioning Regime
- 11.6 The Challenge of Providing Relevant Information for Decision‐Making
- References
- Epilogue
- Appendix 1 Criminal Responsibility of Legal Entities and Regulatory Compliance
- A1.1 Introduction
- A1.2 Typified Conducts
- A1.3 Crimes Attributable to Legal Entities
- A1.4 Organization and Management Models
- A1.5 Models of Prevention and Control
- References
- Appendix 2 Audit Program for the Identification of Fraud Risks
- A2.1 Objective
- A2.2 Conclusion
- List of Companies Mentioned in the Book and Section in which They Appear
- Index
- EULA.
