The book uniquely approaches this topic by not only dissecting methods like revenue recognition fraud, expense manipulation and asset overvaluation, but also examining the psychological and organizational factors that drive individuals to commit these financial crimes. By integrating real-world cases with financial data, the book highlights landmark cases that have shaped accounting regulations. Its comprehensive style progresses from fundamental accounting principles to the legal landscape, providing a holistic view of accounting fraud and its impact.
Structured in three parts, the book first introduces core accounting principles and manipulation methods. It then delves into psychological and organizational factors, before finally examining the legal and regulatory landscape, including SEC enforcement. This journey equips readers with the knowledge to identify, understand, and prevent accounting fraud, making it a valuable resource for investors, regulators, and anyone involved in corporate governance.
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