The Supreme Court upheld a nine-year prison sentence on Ko Jae-ho, former CEO of Daewoo Shipbuilding and Marine Engineering (DSME), Sunday, on charges of
accounting fraud totaling 5.
of the Americas has reached an 11 billion yen ($92 million) out-of-court settlement in Japan with institutional investors over
accounting fraud allegations.
Methodologies to Identify Financial and
Accounting Fraudorganizations that reported economic crime experienced
accounting fraud in 2009.
Last month, the Securities & Exchange Commission (SEC) announced a new task force that will be on the lookout for companies using aggressive accounting that might suggest financial reporting or
accounting fraud.
MANAMA: Caterpillar, the world's largest maker of construction equipment, yesterday posted a 55 per cent drop in quarterly profit due to a charge connected with
accounting fraud at a Chinese subsidiary and weak demand among its dealers.
The companies are under investigation by the Securities and Exchange Commission for 'potential
accounting fraud against US investors'.
The Securities and Exchange Commission's focus on preventing Ponzi schemes may be detracting from the agency's focus on corporate
accounting fraud, according to a Forbes article by Francine McKenna.
Lax regulations related to executives convicted of white collar crime are a key flaw in corporate governance in Japan, Fitch Ratings says, a point highlighted by the recent arrest of Olympus executives over allegations of
accounting fraud.
investors for several decades, with periodic waves of
accounting fraud cases leading to substantial investor losses and overall reductions in investor confidence.
Accounting fraud typically lasts two years from start to detection and nearly all perpetrators are first-time offenders.
The Kanebo revelation ranked as the largest
accounting fraud reported in Japan.
