As the monetary cost of fraud escalates globally, and the ensuing confidence in financial markets deteriorates, the international demand for quality in financial statements intensifies. But what constitutes quality in financial statements? This book examines financial statement fraud, a topical and increasingly challenging area for financial accounting, business, and the law. Evidence shows that accounting anomalies in an organization's financial statements diminish the quality and serviceability of financial information. However, an anomaly does not necessarily signal fraud. Financial statement fraud is intended to mislead shareholders and other stakeholders. In this book, elements that underpin diversity of accounting anomalies likely found in fraudulent financial accounting statements are revealed. Multiple research methods are used in the analysis of selected international fraud cases, each illustrating examples of financial statement fraud, including: revenue recognition, overstatement and/or misappropriation of assets, understatement of expenses and liabilities, disclosure fraud, bribery and corruption. Additionally, the phoenix phenomenon with regard to fraud in financial accounting is investigated. Drawing on documented observations of commercial and legal cases globally this study highlights the necessity for continued development of financial audit practices and other audit services.
Product Identifiers
Publisher
Taylor & Francis Ltd
ISBN-13
9780415742702
eBay Product ID (ePID)
209370493
Product Key Features
Author
Geoffrey Peck, Julie E. Margret
Publication Name
Fraud in Financial Statements
Format
Hardcover
Language
English
Subject
Accounting
Publication Year
2014
Type
Textbook
Number of Pages
146 Pages
Dimensions
Item Height
229mm
Item Width
152mm
Item Weight
363g
Additional Product Features
Title_Author
Geoffrey Peck, Julie E. Margret
Series Title
Routledge Studies in Accounting
Country/Region of Manufacture
United Kingdom
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