Question
Tyco was a group of companies with its main office in Bermuda. In 2002, it was found out that Tyco had cheated the government out
Tyco was a group of companies with its main office in Bermuda. In 2002, it was found out that Tyco had cheated the government out of $2.2 billion through accounting fraud. Because of this fraud, the CEO and several other top executives quit, and investors lost billions of dollars.
Several top executives at Tyco, including the CEO, CFO, and treasurer, all took part in the fraud. These business leaders used a variety of clever accounting tricks to hide the real state of the company's finances. For example, they created "off-balance sheet" entities to hide debt, and used "accelerated depreciation" to inflate profits. The fraud was only uncovered when Tyco's stock price began to collapse in 2002.
1.Analyze the Company's History
2. Identify Weaknesses within the Company
3. Gather Information on the Environment on 2002
4. Analyze Findings
5 .Forensic Recommendations and Outcomes
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