fraud | Accounting Onion

Do Survey Results Mean that External Audits Don’t Protect Against Earnings Manipulation? (What a Surprise!)

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The results of a recent E&Y survey investigating financial manipulation must stun even the most cynical observers of accounting practice,: Of the board members and senior management surveyed from companies in Europe, Middle East, India and Africa (EMEIA), 42% stated that…

Caterpillar: Another Sad Example of Bad Goodwill Accounting

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After having just written a post on HP’s massive write-off of goodwill, I am reluctant to keep on banging the drum of how bad goodwill accounting can be. But, I can’t resist following up on Bloomberg columnist Jonathan Weil’s coverage of yet another…

The Koss Fraud: Do Smaller Companies Need New Regulations or Better Old Regulations?

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The Koss Corp. fraud case has been in the news since the end of December, so why am I just getting around to writing about it now? Because, that's the way I roll, man. I don't know if anyone has…