Accounting Irregularities and Financial Fraud (Third Edition): Michael R. Young, Jack H. Nusbaum
Editorial Reviews
Review
“As the chairman of three audit committees and a former auditor at an international firm, I have found the advice in this book to be invaluable. Making the book of particular use is its easy-to-read ‘how to’ style and its specific reommendations of concrete steps to maximize the effectiveness of audit committee oversight. This book is an extremely useful tool directed to a problem that should be foremost in the minds of board members, audit committee members, senior executives, accountants, and their lawyers.” — William U. Westerfield-Former Chairman of the Retail Service Group, Price Waterhouse LLP
“Michael Young’s insights into audit committee oversight of financial reporting are original, bold, and exactly what’s need to root our accounting problems and to prevent them in the first place. The prose is lively and the advice straghtforward and no-nonsense.” — John O. Whitney-Professor of Management, Columbia Business School
“This book couldn’t come at a better time. It is thorough, insightful, and accurate both in its depiction of how most financial frauds occur and in its prescription to audit committees on how to prevent their occurrence. It will reward any reader, but particularly corporate directors and independent accountants.” — Bevis Longstreth-Former Member, SEC; Member, Public Oversight Board Panel on Audit Effectiveness
“This book gets to the bottom of ‘accounting irregularities’-in other words, financial fraud. It talks about the corporate enviroment that causes it, how it spreads, the kind of crises it can create for a company, and the best ways to deal with them. All of this is described clearly and vividly, from the cumulative experience of knowledgeable professionals, making this volume the first authentic ‘how to’ book on dealing with, and preventing, fraudulent financial reporting.” — Mario M. Cuomo
–This text refers to an out of print or unavailable edition of this title.
Product Description
The Sarbanes-Oxley Act of 2002 and the continued upsurge in highly publicized allegations of accounting irregularities and fraudulent financial reporting have shaken up the corporate community and have been the impetus for closer scrutiny by the SEC. Accounting Irregularities and Financial Fraud: A Corporate Governance Guide provides a step-by-step guide to the crises enveloping a company in the wake of fraudulent financial reporting–and how to prevent it from happening in the first place. It is directed to almost everybody involved: outside directors, audit committee members, senior executives, CFOs, CPAs, in-house lawyers, and outside law firms. It discusses the corporate environment that causes fraudulent financial reporting, how it spreads, the kinds of crises it can create for a company, and the best way to deal with them. All relevant material is covered, including:
-SEC initiatives -Recommendations of the Blue Ribbon Committee on corporate audit committees
-Due diligence -Real-world instances of financial fraud