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Accounting Fraud

   Also found in: Wikipedia 0.01 sec.
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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Designed for fraud investigators and auditors, the text contains an introduction to fair value accounting fraud followed by discussion of asset-based and liability-based schemes, other fair value accounting fraud issues, and detection of fair value accounting fraud.
In April, Tech Mahindra paid nearly 600 million dollars for a majority share of Satyam, which has been struggling since its founder confessed in January to falsifying accounts in India's biggest accounting fraud.
98 million yen in compensation for stock losses to shareholders due to accounting fraud.
 
 
 
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