| Edition |
2nd ed. |
| Description |
ix, 371 pages ; 23 cm |
| Bibliography |
Includes bibliographical references (pages 342-364) and index. |
| Contents |
Scandal and reform -- Part I. Birth of a profession : Out of darkness -- Ivar Kreuger -- McKesson & Robbins -- Into the spotlight -- Part II. The profession's principle problem : Generally accepted accounting principles -- National Student Marketing -- Equity Funding -- Déjà vu -- III The savings and loan crisis : It's a wonderful life? -- ESM Government Securities -- Lincoln Savings & Loan -- Bank robbers -- Part IV. The expectation gap : Auditors and fraud -- ZZZZ Best -- Crazy Eddie -- Closing the gap -- Part V. The litigation crisis : Auditors' legal liability -- Fund of funds -- MiniScribe -- Litigation reform -- Part VI. Beginning of the end : Auditor independence -- Waste management -- Sunbeam -- End of the millennium -- Part VII> : From profession to regulated industry : Professionalism -- Enron -- WorldCom -- The perfect storm -- Part VIII. The world is flat : It's a small world -- Parmalat -- Satyam -- The great recession -- Conclusion -- Appendices: A: Discussion questions -- B: Suggestions for integrating Called to account with popular auditing texts. |
| Summary |
"Called to Account takes a broad perspective on how financial frauds have shaped the public accounting profession by focusing on cases of fraud around the globe. Ever entertaining and educational, the book traces the development of the accounting standards and legislation put in place as a direct consequence of these epic scandals. The new edition offers updated chapters on ZZZZ Best and Arthur Andersen, plus new chapters devoted to Parmalat, Satyam, and The Great Recession. Through stories like Barry Minkow's staged constructions sites and MiniScribe's fake inventory number generating computer program, 'Cook Book', students will learn that fraud is nothing new, and that financial reform is heavily influenced by politics. With discussion questions and a useful chart showing instructors and students how each chapter illustrates the topics covered in other textbooks, Called to Account is the ideal companion for any class in auditing, advanced accounting or forensic accounting."--Page 4 of cover. |
| Subject |
Accounting fraud -- United States.
|
|
Accounting fraud. |
|
United States. |
|
Corporations -- Corrupt practices -- United States -- Accounting.
|
|
Corporations -- Corrupt practices. |
|
Accounting. |
|
Accounting -- Standards -- United States.
|
|
Accounting -- Standards. |
|
Fraud.
|
|
Fraud. |
| ISBN |
041563024X |
|
0415630258 (paperback) |
|
0203097947 (e-book) |
|
9780415630245 |
|
9780415630252 (paperback) |
|
9780203097946 (e-book) |
|
