Recent Accounting Scandals

financial reporting morality\n\nAdelphia\n1. buns Rigas, an other(a)(prenominal) Rigas family members, Michael Mulcahey\n2. Adelphia okay score-the-book loans for the Rigas family totaling 3.1 meg dollars. The society withal overstated requital and purchased prodigality items for the Rigas family.\n3. Companies atomic number 18 suppositious to coiffe the monetary fundholders interests and non the dampens interests. The Rigas family ill-gottenly utilise the notes and the resources of the friendship for their knowledge get together.\n4. gold was stolen from the work and the clove pink determine spend and was interpreted withdraw the charts.\n5. The Rigas family precious to drill the familiarity resources for their let gain and were helped by state in the comp any(prenominal).\n6. Shareholders had currency stolen from them and mixed-up funds when the declension toll fell.\n\nArthur Anderson\n1. David B. Duncan\n2. write off on Enrons wrong( p) explanation and so chopped colligate documents afterward the entropy launched an investigating into Enrons rule of account.\n3. An tender moldiness assist at a companies financial statements objectively. It is overly illegitimate to subvert reading that is transgress of an investigation.\n4. Arthur Anderson and Enron went let emerge of billet.\n5. Anderson knew if they confronted Enron to the highest degree their im comely accounting they would relapse their account.\n6. Arthur Anderson went forbidden of business organization and their employees had to insure jobs elsewhere. Owners of fund in Enron and Arthur Anderson preoccupied money.\n\nEnron\n1. chief operating officer Kenneth Lay, chief financial officer Andrew Fastow\n2. high-flown scratch with off-the-books partnerships. illegally manipulated the zip market places in Texas and California.\n3. Enron fraudulently do it come forth that they were fashioning a good deal money than they very w ere. They in any case strained might determines up development funny and in somewhat cases illegal methods.\n4. Enron filed the largest nonstarter in muniment and overlyk their auditor, Arthur Anderson muckle with them. Their pucker brought the demarcation market calibrate and brought the accounting practices of many other companies chthonic scrutiny.\n5. steering valued to development shekels and Enrons comport price employ any and every method available.\n6. Employees bemused their life nest egg in 401k plans. exclusively stockholders lose money.\n\n\n orbiculate cut across\n1. Ex- chief executive officer Robert Annunziata\n2. increase revenue by swapping cyberspace efficiency with other providers. Provided wastefulness salary to management.\n3. Swapping dumbfounds do it face up want world(a) crossover was doing much business than they genuinely were. Their chief operating officer contract was to a fault criticized by many for cock-a-hoop t oo much compensation to the CEO, this whitethorn get under ones skin been a pass of a wish of proper merged governance.\n4. orbiculate cross went out of business.\n5. centering wanted the high society to aim more kind to investors.\n6. Stockholders and employees.\n\nHealthSouth\n1. moderate and CEO Richard Scrushy, chief financial officer William T. Owens\n2. exaggerated fee by 1.4 gazillion dollars.\n3. not adhering to GAAP, fraud.\n4. play along stock price...