Called to Account: Fourteen Financial Frauds that Shaped the American Accounting Profession

  Called to Account 2

By Paul M. Clikeman, CFE



Accounting fraud and how it has affected business practices both in the United States and internationally has never been of greater importance than it is now. Called to Account describes fourteen financial frauds that influenced the accounting profession and directly led to the development of accounting standards and legislation as practiced in the United States today. This entertaining and educational look at these historic frauds helps enliven and increase understanding of auditing and forensic accounting.

Chapters describe the tricks fraudsters such as “Crazy Eddie” Antar and “Chainsaw Al” Dunlap used to fool their auditors. You will learn how MiniScribe employees disguised packages of bricks as inventory, how Equity Funding personnel programmed the company’s computer to generate 64,000 phony life insurance policies and how Enron inflated its profits by selling and then repurchasing money-losing assets.



Product Details:
Copyright 2008
ISBN 978-0-415-99698-3
Hardcover, 345 Pages
Taylor & Francis Group

Table of Contents:


Chapter 1: Scandal and Reform

Chapter 2: Out of Darkness

Chapter 3: Ivar Kreuger

Chapter 4: McKesson & Robbins

Chapter 5: Into the Spotlight

Chapter 6: Generally Accepted Accounting Principles

Chapter 7: National Student Marketing

Chapter 8: Equity Funding

Chapter 9: Déjà Vu

Chapter 10: It's a Wonderful Life?

Chapter 11: ESM Government Securities

Chapter 12: Lincoln Savings & Loan

Chapter 13: Bank Robbers

Chapter 14: Auditors and Fraud

Chapter 15: ZZZZ Best

Chapter 16: Crazy Eddie

Chapter 17: Closing the Gap

Chapter 18: Auditors' Legal Liability

Chapter 19: Fund of Funds

Chapter 20: MiniScribe

Chapter 21: Litigation Reform

Chapter 22: Auditor Independence

Chapter 23: Waste Management

Chapter 24: Sunbeam

Chapter 25: End of the Millennium

Chapter 26: Professionalism

Chapter 27: Enron

Chapter 28: WorldCom

Chapter 29: The Perfect Storm

Chapter 30: Conclusion

Appendix A: Discussion Questions

Appendix B: Suggestions for Integrating Called to Account with Popular Auditing Texts