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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 14: Dynegy (2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Accounting Fraud in U.S. Companies 102 Case 14: Dynegy (2002) At the beginning of the new millennium, Houston-based Dynegy Inc. was a high-… …flying business rival of the Enron Corporation. Of course, the accounting fraud at Dynegy never reached the scale of notoriety of that at neighbouring… …positions generate no current cash flow (this treatment was required under US-GAAP). Accounting Fraud in U.S. Companies 103 In order to… …of the fraud caused Dynegy’s stock to plunge. Alpha’s impact on Dynegy’s financial statements was especially significant, because the statement of… …Dynegy’s lack of cooperation in the early stages of the investigation. Accounting Fraud in U.S. Companies 104 In August 2003, two of the three tax… …the most severe sentences for accounting fraud in recent memory. “I take no pleasure in sentencing you to 292 months, but my job is to follow the… …Alpha alone. Olis argued he didn’t personally benefit from the fraud scheme and had acted with the knowledge and approval of Dynegy’s financial… …case. Accounting Fraud in U.S. Companies 105 References: Securities and Exchange Commission: SEC v. Dynegy Inc., Litigation… …Dynegy Face Charges of Fraud, The New York Times, June 13, 2003 Jury convicts former Dynegy exec of fraud, The Houston Business Journal, November 14, 2003… …Dynegy executive jailed for 24 years after $300m fraud, The Guardian, March 26, 2004 Dynegy Agrees to Settlement of Suit by its Shareholders, The New York…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 8: Sunbeam (1998)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Accounting Fraud in U.S. Companies 61 Case 8: Sunbeam (1998) Sunbeam Corp., the Boca Raton, Florida-based maker of such well-known brands… …relied on question- able accounting gimmicks and outright fraud to enhance earnings. It happened under the direction of now disgraced CEO Albert J… …Accounting Fraud in U.S. Companies 62 million. “We are winning in every aspect of our business,” Dunlap told analysts in the conference call announcing… …the suppliers had no room for them; they would not be delivered and paid for Accounting Fraud in U.S. Companies 63 until spring. A similar… …be). SEC enforcement officer Thomas C. Newkirk noted that the fraud was engineered to dress up Sunbeam, in order to make the company look much more… …attractive than it actually was to potential buyers: “This Accounting Fraud in U.S. Companies 64 was a primer in the techniques of financial fraud, in… …from accounting fraud. Dunlap was ordered to pay a USD 500,000 fine and had to accept a lifetime ban from ever serving again as an officer or… …bestseller. Unknown to Sunbeam investors and to the Sunbeam board was that Dunlap had faced similar allegations of accounting fraud at a much smaller… …thereby concealed, when results improved later. Edwards also claimed that the accounting fraud had masked serious operating problems at Nitec. In 1982… …, Nitec filed for bankruptcy. The fraud accusations (which Dunlap denied) were never proved, as all his orders to alter the books had been oral. Dunlap…

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• eBook-Kapitel aus dem Buch Accounting Fraud aufdecken und vorbeugen

  Annäherung an das Thema und Forschungsgegenstand

  Dr. Corinna Boecker

  …1 1 Annäherung an das Thema und Forschungs- gegenstand 1.1 Relevanz von Accounting Fraud Accounting Fraud – i.S.e. Verstoßes gegen… …ein mahnendes Beispiel für die Auswirkungen fehlerhafter Prüfung bleiben. Die Gefahr von Accoun- ting Fraud ist jedoch nicht nur bei großen Konzernen… …A./Klinger, Oskar (Internes Kontrollsystem 2000), S. 1; Albrecht, W. Steve/Searcy, David I. (Increasing Fraud 2001), S. 58 ff. 5 Vgl. Klinger, Michael… …, Zabihollah (Financial Statement Fraud 2002), S. 69; Welp, Cornelius/Leendertse, Julia (Konflikt 2007), S. 112 ff.; Nölting, Andreas/Wilhelm, Winfried… …(Fehlleistungen 1994), S. 34 ff.; Gross, Gerhard (Regelungen 2005), S. 90 ff.; zu den bedeutenden Auswirkungen von Top- Management Fraud siehe auch Zahra, Shaker… …A./Priem, Richard L./Rasheed, Abdul A. (Top-Management Fraud 2005), S. 818. 8 Vgl. Ernst & Young (Wirtschaftskriminalität 2003), S. 4 und S. 13. 9 Vgl… …offensichtlich an- ders dar15. Das Themengebiet Accounting Fraud kann von zwei Seiten betrachtet wer- den. Während sich einerseits die Unternehmen zwar der… …Bedeutung des Zufalls auch Wehling, Jörg/Weiß, Christian (Abwehr 2005), S. 104. 14 Vgl. ähnlich auch Comer, Michael J. (Corporate Fraud 1998), S. 5 ff… …Verschär- fung der Vorschriften für kapitalmarktorientierte Unternehmen, um damit Ac- counting Fraud möglichst zu verhindern, zumindest jedoch die Quote… …seiner Verant- ___________________ 16 Während die Aufdeckung als der schwierigere Teil im Rahmen der Bewältigung von Accounting Fraud gilt, nimmt die…

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• eJournal-Artikel aus "Zeitschrift Interne Revision" Ausgabe 1/2017

  Aus der Arbeit des DIIR

  …Veranstaltungen bequem und online anmelden. 8. DIIR Anti-Fraud-Management- Tagung – Fraud erkennen – Klartext reden! Die 8. DIIR Anti-Fraud-Management- Tagung wird…
• eJournal-Artikel aus "Zeitschrift Interne Revision" Ausgabe 5/2018

  Buchbesprechungen

  Jens Motel, Axel Becker

  …. (Hrsg.) Fraud & Compliance Management Trends, Entwicklungen, Perspektiven Frankfurt FrankfurtSchoolVerlag School Verlag, Frankfurt am Main 2018, 1. Auflage… …unredlichem und kriminellem Verhalten ein. Das Buch ist in fünf Kapitel aufgeteilt: Kapitel 1 beschreibt den ganzheitlichen Ansatz des Fraud & Compliance… …das Spezialisten-Netzwerk gegen Wirtschaftskriminalität, ein. Kapitel 2 geht auf den Themenbereich Plan des Fraud & Compliance Managements ein. Die… …Bereich des Fraud & Compliance Managements. Die Ausführungen thematisieren unternehmensinterne Täterermittlung nach kriminalpsychologischen Methoden…

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• eJournal-Artikel aus "Risk, Fraud & Compliance" Ausgabe 4/2013

  Zum Compliance-Erfordernis in der Ministerialverwaltung

  Compliance im Schatten des Art. 20 Abs. 3 Grundgesetz
  

  Dr. Sascha Dietel

  …, Institute Risk & Fraud Management, angefertigt hat. Der Beitrag soll zu einer Diskussion zum Thema Compliance in der öffentlichen Verwaltung anregen. 1. Quod…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 4: MiniScribe (1989)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Accounting Fraud in U.S. Companies 42 Case 4: MiniScribe (1989) The downfall of MiniScribe Corp., resulting from a major accounting fraud… …inventory and sales figures (see WSJ September 11, 1989): Accounting Fraud in U.S. Companies 43 – Although many companies accelerate shipments… …auditors had test-counted. Thus, they were able to inflate the number of items that the auditors had not sampled. Accounting Fraud in U.S. Companies… …. MiniScribe’s auditor, Coopers & Lybrand (now part of PricewaterhouseCoopers), was also sued by investors for its part in the fraud. The suits charged that the… …1992 settlement, it agreed to pay a total of USD 140 million for failing to detect the accounting fraud committed by MiniScribe. In July 1994, the… …amazing to see how close they could get to the num- Accounting Fraud in U.S. Companies 45 ber they wanted to hit.” A former MiniScribe manager… …the late 1980s. References: Albrecht, W. Steve / Albrecht, Chad: Fraud Examination & Prevention… …, pp. 5, 239, 246, 260 Schilit, Howard: Financial Shenanigans – How to detect accounting gimmicks and fraud in financial reports, 2nd… …, The Wall Street Journal, September 11, 1989 Fraud is Cited at MiniScribe, The New York Times, September 13, 1989 Large Award in MiniScribe Fraud Suit… …Trial for Fraud, Los Angeles Times, July 12, 1994 Wiles Convicted of Fraud in MiniScribe Case, Los Angeles Times, August 9, 1994…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 44: Satyam Computer Services (India, 2009)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Accounting Fraud in Asian Companies 250 Case 44: Satyam Computer Services (India, 2009) Before he fell from grace, Ramalinga Raju was hailed… …based). But in January 2009, Raju had to ad- mit to the largest corporate fraud in Indian history. In a letter to Satyam’s board of directors, he… …scan- dal was quickly labelled as “India’s Enron”. “This is the saddest say for investors,” said one market analyst. “The fraud has badly shaken their… …Accounting Fraud in Asian Companies 251 stand by the company in the hour of crisis. “I am now prepared to subject myself to the laws of the land and… …face consequences thereof.” News of the fraud sent jitters through the Indian stock market. Shares in Satyam fell more than 70%, and the “Sensex”… …capital of Bombay expressed bafflement at how the fraud was not exposed earlier. Whereas Enron and other accounting frauds relied on dizzying arrays of… …off-balance-sheet partnerships and complicated circular trades with willing outside institutions to deceive investors, the Satyam fraud seemed to be absurdly simple… …earnings. Accounting Fraud in Asian Companies 252 However, there is usually little documentation associated with the number, so it is easy to… …letter to say that Sat- yam’s directors and senior executives had no knowledge of the fraud. But if there is a final lesson to be learned of accounting… …. In April 2009, a 77-page report filed by the Central Bureau of Investigation (India’s top investigation agency) detailed the scope of the Satyam fraud…

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• eJournal-Artikel aus "Risk, Fraud & Compliance" Ausgabe 2/2025

  Der Cyberangriff auf die Colonial Pipeline

  Eine Analyse auf der Grundlage eines Risikomodells
  

  Prof. Dr. Dirk Drechsler, Somar Alsaghar, Rohan Eknath Gaikwad, Shalini Ranganatha, u.a.

  …. Dirk Drechsler Das Risiko-, Fraud- und Compliance-Management eines Unternehmens wird durch die rasanten technologischen Entwicklungen und deren…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 7: Waste Management (1997)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Accounting Fraud in U.S. Companies 55 Case 7: Waste Management (1997) The Waste Management case provides an anatomy of an accounting… …portrays an accounting fraud perpetrated by the highest-ranking officers at WMI. As the scheme unravelled in 1997, the news sent WMI’s stock value tumbling… …that the auditors played a central role in allowing the fraud to continue. Year after year, Arthur Andersen complained about the efforts to inflate… …earnings, but still approved the company’s financial statements when their objections were effectively ignored. Unlike the auditors in other fraud cases… …client too hard. Accounting Fraud in U.S. Companies 56 For example, in its 1993 audit, Andersen quantified misstatements of USD 128 mil- lion… …Charge of Client Service” for Accounting Fraud in U.S. Companies 57 Andersen’s Chicago office and served as marketing director. In this position… …. Accounting Fraud in U.S. Companies 58 “Our complaint describes one of the most egregious accounting frauds we have seen,” said Thomas C. Newkirk… …management to falsify the financial statements by plugging in the additional income needed to achieve the desired earnings for each Accounting Fraud in… …. The scheme was orchestrated and implemented by WMI’s most senior officers. The driving force behind the fraud was Dean L. Buntrock, WMI’s founder… …, Koenig, Hau and Rooney profited handsomely from the fraud, receiving performance-based bonuses based on the company’s inflated earnings, retaining their…

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