Called to account: financial frauds that shaped the accounting profession

Abstract

Called to Account traces evolution of global public accounting profession through a series of scandals leading to voluntary or mandated reforms. Ever entertaining and educational, book describes 16 of most audacious accounting frauds of last 80 years, and identifies accounting standards and legislation adopted as a direct consequence of each scandal. This third edition offers expanded coverage of Global Financial Crisis and international auditing. While retaining favorite chapters exposing schemes of Crazy Eddie Antar, Chainsaw Al Dunlap, and Barry the Boy Wonder Minkow, new chapters describe accounting problems at Lehman Brothers, Colonial Bank, and Olympus. Students will learn that financial fraud is a global problem, and that accounting reform is heavily influenced by politics. With discussion questions and a chart mapping each chapter to topics covered in popular auditing textbooks, Called to Account is ideal companion for classes in auditing, fraud examination, advanced accounting, or professional responsibilities.