ABSTRACT
Called to Account traces the evolution of the global public accounting profession through a series of scandals leading to voluntary or mandated reforms. Ever entertaining and educational, the book describes 16 of the most audacious accounting frauds of the last 80 years, and identifies the accounting standards and legislation adopted as a direct consequence of each scandal.
This third edition offers expanded coverage of the Global Financial Crisis and international auditing. While retaining favorite chapters exposing the schemes of "Crazy Eddie" Antar, "Chainsaw Al" Dunlap, and Barry "the Boy Wonder" Minkow, new chapters describe the 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 the ideal companion for classes in auditing, fraud examination, advanced accounting, or professional responsibilities.
TABLE OF CONTENTS
part I|26 pages
Birth of a profession
part II|34 pages
The profession’s principle problem
part III|34 pages
The Savings & Loan crisis
part IV|32 pages
The expectation gap
part V|36 pages
Beginning of the end
part VI|46 pages
From profession to regulated industry
part VII|32 pages
There’s no place like home
part VIII|42 pages
The world is flat