What Are Accounting Scandals?
Accounting scandal. When a company makes a wrong account, the audit report issued by the accounting firm that performs the accounting audit is another layer of protection for investors. However, the accounting firm will also deal with the client's business. Because their own interests open up the client's error information network, making wrong decisions under the circumstances of interest-driven circumstances makes auditing ineffective at this level of statement control; on the other hand, some accounting firms are providing auditing services to enterprises. At the same time, consulting services are also provided, which affects the independence of the audit.
Accounting scandal
Right!
- Accounting scandal. When a company makes a wrong account, the audit report issued by the accounting firm that performs the accounting audit is another layer of protection for investors' interests. Because of their own interests, they open up the wrong information network of customers.
- Word meaning: scandal of fake accounts of listed companies
- English translation: accounting scandals
- 1.Madoff Scandal-Investors Left With $ 21.2 Billion In Cash Losses
- 1. Madoff scandal-leaving investors $ 21.2 billion in cash losses
- 2.Lehman Brothers-$ 50 Billion In Disguised Loans
- 2. Lehman Brothers-$ 50 billion in disguised loans
- 3. Enron-Shareholders Lose $ 74 Billion
- 3. Enron-shareholders lose $ 74 billion
- 4. HealthSouth-$ 2.7 Billion Accounting Fraud
- 4. Southern Healthcare-$ 2.7 billion accounting fraud
- 5. Worldcom-$ 11 Billion Accounting Fraud
- 5. World Communications-$ 11 billion accounting fraud
- 6. Tyco-Execs Steal $ 120 Million, Inflate Income By More Than $ 500 Million
- 6. Tyco-Executives steal $ 120 million and misrepresent revenue of more than $ 500 million
- 7. Satyam-$ 1.0 Billion Fraud
- 7. Satyam-$ 1 billion scam
- 8. AIG-$ 1.7 Billion In Improper Accounting
- 8. American International Group-$ 1.7 billion in incorrect accounting
- 9. Waste Management-$ 1.9 Billion In Fake Earnings
- 9. Scrap management-$ 1.9 billion in fake income
- 10. Freddie Mac-$ 5 Billion In Mistated Earnings
- 10. Freddie Mac Misreporting $ 5 billion in earnings