Question
please help with understanding what other companies like Enron and WorldCom were found fraudulently responsible for misstating their financial statements. Thank you! It doesn't take
please help with understanding what other companies like Enron and WorldCom were found fraudulently responsible for misstating their financial statements. Thank you!
It doesn't take much to find articles about companies that have fraudulently misstated their financial statements.These are the ones we hear about, makes me wonder how many others are out there that just haven't been caught yet.A couple of examples of those that have been caught are:
Enron in the early 2000s that tried to hide large amounts of debt from their financial statements.
Worldcom who in the early 2000s underreported expenses by capitalizing the costs instead of expensing them and they inflated their revenues with fake accounting entries.
Anyone else want to add any others to this list?
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