We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Security Fraud and Manipulations Using Accounting Policies and Rules - Dissertation Example

Comments (0) Cite this document
Summary
The main aim of the thesis of this paper is to not only evaluate security fraud but also manipulation of accounting policies and rules used in financial reporting with particular allusion to the big corporate affected by auditors manipulations…
Download paper
GRAB THE BEST PAPER
Security Fraud and Manipulations Using Accounting Policies and Rules
Read TextPreview

Extract of sample
Security Fraud and Manipulations Using Accounting Policies and Rules

More importantly, a wide variety of security fraud and malpractice of accounting policies are employed in the preparation of the financial report accounting of Enron, Madoff scheme, and WorldCom Corporation that lead into their bankruptcy. Nonetheless, the Securities Exchange Commission (SEC) seeks to deter fraud in financial statements of companies through laws, internal control systems and regulations. More significantly, the commission continuously seeks to detect misstatements, failure of disclosure of accurate financial information in records, documentation, accounting policies and procedures in changes of equity and explanatory notes accompanying every financial period statement of companies. In addition, this paper will look at the adherence to the International Financial Reporting Standards (IFRS) as stipulated by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) remains committed towards global standards. Finally, the paper looks at various fraudulent situations that could be avoided through adherence to stipulated accounting policies and procedures by management, accountants and auditors as they put shareholders interest first. ACKNOWLEDGEMENTS I would like to express sincere gratitude to my dissertation supervisor, xxx, for his invaluable support. As an area of accounting and auditing practise, I hope you find this paper insightful in the minimization of security fraud and manipulation practices. Tables of Contents 1. Introduction 6 2. Literature Review 7 3. Research Methodology 16 4. Discussion of Findings 18 4.1.0 Nature and treatment Of Security Fraud &manipulation through fraudulent use Of accounting policies and rules 18 4.2.0 Security Fraud and Manipulation in Madoff scheme, Enron & Worldcom Corporation 23 4.3.0 Security Fraud and Manipulation Problems in Madoff Scheme, Enron and Worldcom Corporation 27 4.4.0 Comprehensive Analysis of Parties involved in the carrying out of Security Fraud and Manipulation 33 4.5.0 Regulation of Security Fraud and Manipulation in Madoff scheme, Enron and WorldCom Corporation 39 5. Conclusions 43 6. Appendix 45 6. References 47 CHAPTER 1.0 INTRODUCTION More than often, fraudulent financial information given in companies financial statement typically takes the form of material misstatements done intentionally by making either the annually or quarterly financial statements fluctuated. In most cases, auditors acknowledge that financial statements are intentionally misstated such that the information provided remains not only misleading, but also inaccurate, such that the presentation of financial reports does not follow the generally accepted accounting practises (GAAP), international auditing standards (IAS) and international financial reporting standards (IFRS). More so, such security fraud and manipulation through the use of fraudulent accounting policies and rules in international corporations like Madoff scheme, WorldCom and Enron led to a huge loss as a result of fraud upon ... Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Security Fraud and Manipulations Using Accounting Policies and Rules Dissertation”, n.d.)
Retrieved from https://studentshare.net/finance-accounting/7440-security-fraud-and-manipulations-while-using-some
(Security Fraud and Manipulations Using Accounting Policies and Rules Dissertation)
https://studentshare.net/finance-accounting/7440-security-fraud-and-manipulations-while-using-some.
“Security Fraud and Manipulations Using Accounting Policies and Rules Dissertation”, n.d. https://studentshare.net/finance-accounting/7440-security-fraud-and-manipulations-while-using-some.
  • Cited: 0 times
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Global Business Risks: How Global Businesses and Organisations Adjust to the Challenges of Risks and Uncertainties
I also would like to thank _____________ who helped me in typing, revising and editing this paper. Without these kind and helpful people, this dissertation would not be successful. Abstract 1.1 - Significance of the Study This dissertation will give light on the study of the different risks in global or international business.
30 Pages(7500 words)Dissertation
Network security
The student should read and sign the declaration. Student Particulars Name: Mohammed Abdul Rahman Student Id: xxxxxxxxxx Project Title: Network Security and Its Business Impact in Educational institutions Student Declaration I declare that 1. I understand what plagiarism is; 2.
50 Pages(12500 words)Dissertation
The empirical relationship between accounting disclosure and stock market return using portfolio analysis and managerial behavio
Besides the opportunity for portfolio diversification, investors prefer stocks in international markets due to a number of other factors like high returns, favorable laws etc. Irrespective of their geographical location, investors remain vigilant over the prospects and performances of the companies they have invested in.
10 Pages(2500 words)Dissertation
Fraud Fears in Internet Banking 1.Introduction
Fraud Fears in Internet Banking 1. Introduction Computer technology has broken the geographical barriers and congregated the world on a single platform. Computer technology has intervened in all walks of life; the field of education has been revolutionized by the advent of e-learning and virtual learning management systems, businesses have become more structured and organized due to the adoption of information management systems, medicine has witnessed remarkable inventions that have made medical procedures more accurate and reliable.
9 Pages(2250 words)Dissertation
Proposal on Accounting
As the data shows, that major banks and corporations of United States had a lot to do with this recession. More importantly, their fraudulent, manipulative or in other words “creative accounting” practices led the world to this disastrous recession.
3 Pages(750 words)Dissertation
Corporate Governance Implications of Financial Fraud
The author states that financial statement fraud and Ponzi schemes involving Board Chairpersons and senior figures in public companies wasted billions of dollars of investor capital to threaten markets and public interest. Only independent boards are capable of exercising.
36 Pages(9000 words)Dissertation
The Accounting Scandal at WorldCom
The case study shall discuss the specific nature, and occurrence of financial statement fraud and examines how the fraud was discovered from a forensic accounting perspective. The research shall also look at the results of the regulatory investigation and criminal prosecution in trying to understand the potential consequences of the fraud.
30 Pages(7500 words)Essay
UK Economic Policies
UK has had a long history of being one of the most regulated nations in the world until the storm of liberalization swept over it by the end of the ‘80s. However, since then, when the Thatcher Government came into power, the economy has witnessed a large number of changes which ultimately has made it eligible to be ranked amongst the richest.
2 Pages(500 words)Dissertation
Accounting Fraud in an Organization
According to the paper, accounting is the art of recording and analyzing financial transactions. Simply put, accounting is a field that involves financial operations which record information about the financial status of a company. Accounting provides a lucid financial picture of a company and enables the accountants to formulate well-versed decisions.
6 Pages(1500 words)Research Paper
Accounting fraud
A firm should always have an independent audit so that both the investors and the stakeholders are aware of the profit margins. It also helped me learn that customized entries can form a flawed system in view of the company. One
2 Pages(500 words)Coursework
Let us find you another Dissertation on topic Security Fraud and Manipulations Using Accounting Policies and Rules for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us