Home  Journals  International Accounting  16(310) - 2014 April

Financial results fraud accounting used by USA companies

Available online: 26 April 2014

Subject Heading: Foreign experience

JEL Classification: 

Pages: 58-62

The paper analyses the cases of fraud in financial results detected by The US Securities and Exchange Commission. Using these case examples, the authors describe types of accounting fraud and indicators to identify and prevent misstatements in financial reporting.

Keywords: financial statement, financial results, revenue recognition, fraud, misstatement

References:

1. Kulikova L.I. Vualirovanie i fal’sifikatsiia finansovoi otchetnosti: istoriko-evoliutsionnyi aspect [Misstatement and falsification of financial statements: a historical and developmental aspect]. Mezhdunarodnyi bukhgalterskii uchet – International accounting, 2011, no. 14, pp. 56–68.
2. Bergers D.P. SEC Charges General Electric with Accounting Fraud. Available at: Link.
3. Burns J. US: McAfee to Pay $50 Million Fine To Settle SEC Fraud Charge. Available at: Link.
4. Liang J., Tober G.P. Identifying accounting problems and adopting practices to detect financial misconduct: a primer for lawyers. Financial fraud law report, 2009, p. 187–200.

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