|
 |
Intro to Business News is South-Western's service to provide summaries of the latest Business news stories. Review the brief summaries and, for stories of interest, select the full summary. |
| ACCOUNTING INFORMATION | |
| Title | Brief Summary |
|
|
In November 2006, a U.S. judge in New York sentenced the former head of Computer Associates to prison for conspiracy and fraud related to a massive accounting scam. Like many other executives indicted in corporate scandals, the ex-chief of Computer Associates faces a sentence largely dictated by the economic harm he caused. (Updated December 2006) |
|
|
Top executives are facing jail time for fudging financials and swindling shareholders, but many disgraced corporate bosses haven't returned the millions in bonuses they received from fraudulent accounting practices. Should they be able to keep their ill-gotten gains? (Updated September 2006) |
|
|
Red Robin Gourmet Burgers, Inc. has been a darling of Wall Street since the Greenwood Village, Co.-based restaurant chain went public back in 2002. But a recent internal audit that turned up a surprising $1.25 million in undocumented expenses, and the subsequent departure of the chain's top executives, has skittish investors running for the exit. (Updated November 2005) |
|
|
How would you write accounting rules? Would you focus on general principles and hope that companies will abide by the spirit of those principles or would you write specific and lengthy rules to avoid any misinterpretations? This is the dilemma that the Financial Accounting Standards Board (FASB) faces every time it writes a new rule. (Updated 01/15/04) |
|
|
"This article outlines several methods by which companies are using technology to uncover accounting fraud. Forensic accounting is defined as the practice of utilizing accounting, auditing, and investigative skills to assist in legal matters. (http://www.forensic-accounting-information.com). It is one of the fastest growing fields in accounting today. For more information, see http://www.forensicaccounting.com and http://www.forensic-accounting-information.com. (Updated 01/15/04) |
| Return to Introduction to Business topic index | Return to Introduction to Business Resource Center |