Fraud in Financial Statements

ISBN-13: 9781138617131 / Angielski / Miękka / 2018 / 146 str.

Julie E. Margret; Geoffrey Peck

Opis

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. 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.

Spis treści

1. Management and Fraud 2. Stakeholders, Governance and Corporate Culture 3. Quality in Financial Statements 4. Fundamental Elements: Assets, Revenue and Expenses 5. Financial Obligations: Liabilities 6. Phoenix Activity: Companies in Crisis 7. Fraud and the Phoenix Rising

O autorze

Julie Margret is Senior Lecturer in the Department of Accounting at La Trobe University, Australia. She is author of Solvency in Financial Accounting (Routledge, 2012). Geoffrey Peck is Principal in Deloitte’s Forensic group, based in Melbourne, Australia. Prior to joining Deloitte in 2009, Geoffrey was a Director with another Big Four firm and also served for more than 21 years with the Victoria Police, including seven years as a Detective Sergeant with the Major Fraud Group. He is one of Deloitte’s most experience risk management specialists and has undertaken risk management work extensively throughout the Asia Pacific region and the Middle East.