Forensic Accounting and Financial Statement Fraud, Volume II

Preface

Financial statement fraud (hereafter, FSF) is a severe threat to investor confidence in financial information and thus capital markets. Reported financial scandals by high-profile companies (Enron, Global Crossing, Qwest, WorldCom, Parmalat) and ethical debacles in corporations have eroded investor confidence and public trust in corporate America, its corporate governance, financial reporting, and audit functions. These scandals and related FSF reinvigorated interest in education and practice of forensic accounting and financial statement fraud examination. Forensic accounting is gaining considerable attention because the American Accounting Association (AAA) has added a new educational and research section on “Forensic Accounting,” the ...