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Accounting Fraud
(redirected from Accounting Frauds)

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Accounting Fraud
Any act or attempt to falsify an accounting statement for financial gain. A clear example of accounting fraud is the act of deliberately overpricing a company's assets in order to drive up its share price. Another example is filing bankruptcy to avoid debt, rather than because of financial hardship. One of the biggest accounting frauds in history occurred during the Enron scandal in 2001.


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stock after prosecutors serve fresh arrest warrants to its former executives for the company's alleged accounting frauds, TSE President Taizo Nishimuro said Monday.
The charges followed reports that authorities had targeted the former executives while investigating allegations of billions of dollars in accounting frauds at the company.
Hoping to restore investor faith in US companies after a wave of broadroom scandals, US President Bush on July 30 signed into law a bill that increases penalties for accounting frauds and provides new grounds for prosecuting corporate corruption.
 
 
 
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