Decades from now there will be another bubble, and the accounting scandals will come back to life.
The Sarbanes-Oxley law was enacted as a result of a number of corporate and accounting scandals.
FORBES: What Sarbanes-Oxley, Lawyers and Auditors Really Mean for IT
And this will not change, despite fretting over American wars, accounting scandals and earnings slumps.
We have seen it in accounting scandals where auditors were more concerned about contracts than credibility.
Sarbanes-Oxley was passed in 2002 in response to the tech bubble-era accounting scandals (MCI, Enron, etc.).
Accounting scandals, corporate shenanigans and other market misdeeds: Two newsletter bears are predicting more trouble.
Accounting scandals took down numerous Chinese companies and even the savviest of their U.S. investors in recent years.
Of course, the morass of accounting scandals and disappointments that have enveloped Elan explain its low market value.
The string of accounting scandals that shattered Enron, WorldCom, Global Crossing and others evaporated billions of dollars in market value.
Some companies that used heavy doses of performance-based pay to compensate their chief executives have also been involved in accounting scandals.
The string of accounting scandals that shattered Enron, WorldCom, Global Crossing and others caused billions of dollars in market value to evaporate.
Now, responding to investor outcry over accounting scandals, the SEC has proposed several new material events requiring immediate disclosure by public companies.
Major media often regurgitate the latest news updates about accounting scandals with no explanation of how or why fraudulent transactions take place.
The move comes as accounting scandals at some firms have hurt investors.
This might sound like it doesn't have much to do with accounting scandals, but in practice it does in a potentially significant way.
WSJ: Jake Lynch: To Control Fraud, De-Control Chinese Capital
Accounting scandals at Enron and Arthur Andersen sparked more balance-sheet scrutiny.
Bristol had been hobbled by a series of drug research failures, patent expirations, and accounting scandals that led to the resignation of former chief executive Peter Dolan.
Investors need auditors to nip accounting scandals in the bud.
WSJ: Business Asia: There's No Accounting for China's Accounting
And they were also reeling politically from egregious accounting scandals.
In history, such crashes have always produced economic traumas of some kind, generally a combination of banking collapses, corporate bankruptcies, accounting scandals and waning confidence among consumers and investors.
The study found that companies caught up in mere accounting scandals saw their shares drop by an average of 8.8% over the six months on either side of the incident.
ECONOMIST: Chinese financial scandals: When it matters | The
That gives insufficient weight to the damage that Wall Street would have suffered anyway due to the crisis of investor confidence following the collapse of Enron, the accounting scandals and so forth.
Accounting scandals at Enron, WorldCom and other big American companies have got investors worried about what else might be in store: how many other companies chose, or felt pressured, to overstate their profits?
After cleaning up its accounting scandals, Dell next decided to enter other businesses like providing turnkey software packages to major corporations, copying the approach of major tech firms like IBM, by buying Perot systems.
Boards would be loth to retain an indicted auditor, especially after seeing former directors of WorldCom and Enron pay millions of dollars out of their own pockets to settle investors' lawsuits stemming from accounting scandals.
America had insisted that any global agreement would have to follow its own accounting principles, but in the wake of Enron and myriad other accounting scandals it was forced to soften its attitude to European practices.
After the successful prosecutions of accounting fraud at WorldCom (now owned by Verizon) and Enron, said Jonathan Streeter at the Columbia Law School conference last month, the number of accounting scandals at large corporations fell dramatically.
In the 1870s America's railroad industry boomed in much the same way as the world's telecoms industry in the late 1990s, only to collapse in a similar heap of bankruptcies, accounting scandals, stockmarket losses and enormous debts.
Bush said Democrats were recycling the allegation as part of "old time politics" in an effort to make political gain of the growing debate over corporate corruption and what the federal government should do in the wake of the Enron and WorldCom accounting scandals.
应用推荐