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

By Paul M. Clikeman

This book’s author is a CFE

This book's author is a CFE.

Purple hardcover book with ripple effect background and white title font
Called to Account: Fourteen Financial Frauds that Shaped the American Accounting Profession


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

This book's author is a CFE.
Label Value
ISBN 978-0-415-99698-3
Publisher Taylor & Francis Group
Published Copyright 2008
Pages 345
Format Hardcover

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

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