Accounting Fraud

Accounting fraud is an international problem touching all countries and most entities. Fraud affects companies of all sizes in a variety of industries. Transparency International is a global network whose goal is to fight fraud and corruption in the national arena by producing an annual Corruption Perceptions Index (CPI). Just some of the massive frauds within the past few years include those associated with Adelphia, Bernard Madoff (now serving a 150-year prison sentence), Cendant, Computer Associates, Dell, Enron, Harris Scarfé, HealthSouth, Livedoor, Parmalat, Qwest, Royal Ahold, Satyam, Siemens, Sir Robert Allen Stanford, SK Global, Tyco, Vivendi, Waste Management, WorldCom, and Xerox. In the United States, 20 percent of the locations of fraud companies' headquarters were in California, 10 percent in New York, and 8 percent ...