Add the nation’s largest accounting firms to the list of watchdogs and regulators that didn’t catch the multibillion-dollar Madoff investment scam.
Stepping up the attackSometimes it seems that success fathers its own problems.
We don’t know much about Sherron Watkins. We haven’t met her in our living rooms, on TV in front of a bank of microphones, not yet.
As questions swirled around its accounting practices, Tyco International, an industrial and services conglomerate with $36 billion in annual revenues–and a beaten-down stock price–said last week it would split into four companies in a bid to “unlock tens of billions of dollars of shareholder value.” The company’s combative CEO, Dennis Kozlowski, predicted the breakup would add 50% to the stock price. Going him one better, Don MacDougall of J.P.
Is there anybody out there investors can trust? Wall Street was pondering that today as markets were hammered following last night’s announcement that WorldCom had inflated profits by a staggering $3.8 billion over the past five quarters
When Sam Antar was cooking the books for his company, he used a number of complicated accounting tricks to dupe auditors. But some tactics were simple
You’re probably not thinking about what you would like for Christmas yet.
Want to get the most out of your next brainstorming session at work?