Fraudulent Financial Reporting: 19982007, An Analysis of U.S. Public Companies

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    Fraudulent Financial Reporting: 19982007, An Analysis of U.S. Public Companies Availability : In Stock Product #: 990023
    AICPA Member: $39.00
    Non-Member: $49.00

COSO sponsored this study to create a comprehensive analysis of fraudulent financial reporting occurrences investigated by the SEC between January 1998 and December 2007. It updates COSO’s 1999 issuance of a similar study covering 1987–1997.

The results of this study will be useful to external auditors, boards of directors, investors, regulators, and other key stakeholders as they seek to prevent, deter, and detect fraudulent financial reporting.

The analysis covers the following, among many other topics:

•  Increased numbers of alleged cases of public company fraudulent financial reporting from 1998–2007 versus 1987–1997 and increases in their dollar magnitude

•  Characteristics of alleged fraud perpetrators and increased C-suite involvement

•  Issues related to the external auditor, including external auditors being accused of fraud and auditor changes during fraud period

•  Nature of companies involved and most common fraud techniques

•  Long-term negative consequences to companies and individuals that engaged in fraud

With its comprehensive and effective discussion, Fraudulent Financial Reporting: 1998–2007, An Analysis of U.S. Public Companies will bring you up to date on the latest trends in public company fraud based on scrutiny of 10 years of data.

Table of Contents

  1. Introduction, Key Findings, and Insights
  2. Description of Research Approach
  3. Detailed Analysis of Instances of Fraudulent Financial Reporting: 1998-2007
  4. Conclusion
  5. Authors



About the Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.