The bestselling classic from the "Sherlock Holmes of
Accounting"-updated to reflect the key case studies and most
important lessons from the past quarter century. This fourth
edition of the classic guide shines a light on the most shocking
frauds and financial reporting offenders of the last twenty-five
years, and gives investors the tools they need to detect:
*Corporate cultures that incentivize dishonest practices*The latest
tricks companies use to exaggerate revenue and earnings*Techniques
devised by management to manipulate cash flow as easily as
earnings*Companies that use misleading metrics to fool investors
about their financial performance*How companies use acquisitions to
hide deterioration in their underlying business This new edition
focuses on the key case studies and most important lessons from the
past quarter century, and brings you up to date on accounting
chicanery in the global markets. Howard Schilit and his team of
renowned forensic accounting experts expose financial reporting
miscreants and unveil the latest methods companies use to mislead
investors. You'll learn everything you need to know to unearth
deceptive reporting and avoid costly mistakes.
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