This provides employment for accountants, the same profession that failed to uncover the cooked books at Enron and WorldCom.
Amid the smell of cooked books, foreign investors' confidence has shrivelled.
Although the domestic "A-shares" market stocks traded in Shanghai and Shenzhen that are available for mainland citizens to purchase is often perceived to suffer from insider trading, there have been remarkably few cases of outright fraud and cooked books.
WSJ: Jake Lynch: To Control Fraud, De-Control Chinese Capital
And while Dell's year-long accounting probe makes it plain that the company was struggling to meet investor's sky-high expectations, (see: "Dell: Cooked Books and Computers") the company remains in robust financial health, even as rivals Hewlett-Packard and Apple continue to tear off fresh chunks of the PC market at Dell's expense.
Enron, Aldelphia and WorldCom are extreme examples of companies who cooked the books.
Whether they cooked the books or not, Chinese bankers have a lot to hide.
Many of you will remember that the CBO cooked the books last year to help ram through Obamacare.
In the case of Evergrande, Citron contends that its liquidity is illusory and that the firm has cooked its books.
FORBES: Chinese Property Developer Evergrande Slumps After Website Claims Fraud
An unremarkable rank-and-filer in a 25-person billing department, he says he cooked the books, under pressure from higher-ups, to help bolster MCI's growth.
They cooked the books and deceptively misappropriated the corresponding monetary award.
FORBES: 'Stretch goals' tend to stretch all the way into fraud
But the company has since admitted that it cooked its books.
FORBES: Steve Jobs, Jon Corzine Among 2011's Biggest CEO Departures
When people reached only 5 or 6 they could have just as easily cooked the books and taken the money as when they had reached 8.
FORBES: 'Stretch goals' tend to stretch all the way into fraud
These GSEs cooked their books, and innovated robo-automated-fraudulent-CDO mortgage financing.
FORBES: Should Occupy Wall Street Occupy Silicon Valley Instead?
At the weekend, former Autonomy CEO and HP executive Mike Lynch fired back at Whitman after accusations that he and his people had cooked the books before selling to HP.
The revelations that a UBS trader cooked the books for perhaps as long as three years raises the specter of a banking system so devoted to greed it will ignore reality.
But now the Internal Revenue Service is saying you can't benefit on your taxes even if books were cooked--as a recent report suggested might have happened at New Century.
He has in the past resigned from the boards of firms when they asked him to look the other way while the books were being cooked.
For example, although Chong Un, a firm of accountants, failed to discover that the books had been cooked at Kia Motors, which went bust in 1997, it suffered no more than a one-month business suspension.
From what I have heard from analysts here, there is no suggestion that the books are being "cooked" for political purposes.
Mr. Malouf, 53 years old, is no stranger to Petersham Nurseries, having cooked master classes there in the past when launching his acclaimed cooking-cum-travel books on Middle Eastern cuisine, which he co-authored with his former wife, Lucy Malouf.
These books allow her to select from coupons that offer her a dinner out or her favorite home-cooked meal, an uninterrupted night with the remote control or the ability to have you do any number of household chores.
FORBES: Best Valentine's Day Gifts For Women That Are Under $20
应用推荐