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Accounting scandals are business scandals which arise from intentional manipulation of financial statements with the disclosure of financial misdeeds by trusted executives of corporations or governments. Such misdeeds typically involve complex methods for misusing or misdirecting funds, overstating revenues, understating expenses, overstating the value of corporate assets, or underreporting the existence of liabilities; these can be detected either manually, or by the means of deep learning. It involves an employee, account, or corporation itself and is misleading to investors and shareholders.
References
- ↑ "Accountant blows lid off New Era". Archived from the original on 2018-11-18.
- ↑ Stecklow, Steve (September 28, 1996). "A Big Charity Faces Questions About Its Financing From SEC". The Wall Street Journal. Retrieved 25 October 2017.
- ↑ "A memorial to Albert Meyer". 3 March 2022.
- 1 2 Maremont, Mark (October 15, 1999). "Tyco Sleuth Has Long History Of Uncovering Bad Numbers". The Wall Street Journal. Retrieved 25 October 2017.
- 1 2 Morgenson, Gretchen (April 9, 2011). "Enriching a Few at the Expense of Many". The New York Times. Retrieved 25 October 2017.
- ↑ Carton, Barbara (May 21, 1995). "Accountant Found New Era's Problems". The Morning Call. Retrieved 25 October 2017.
- ↑ Peterson, Melody (August 4, 1998). "THE MARKETS: Market Place -- Putting Extra Fizz Into Profits; Critics Say Coca-Cola Dumps Debt on Spinoff". The New York Times. Retrieved 25 October 2017.