How far apart were the doings of these minor corporate embezzlers from the accounting fraud at Enron?
One of the speakers will be Michael Woodford, former CEO and whistleblower for the accounting fraud at Olympus.
The accounting fraud drove America's second-largest long-distance telephone company into Chapter 11 bankruptcy.
The best of these require pay to be returned whether the executive was directly responsible for the accounting fraud that led to a restatement or not.
Mr Tremonti criticised Mr Fazio for failing to spot the massive accounting fraud at Parmalat.
Regardless, the data alone does not really support the conclusion that accounting fraud is on the rise.
FORBES: Restatements Resurrected?: Accounting Fraud By The Numbers
The Bank, he said, failed to spot the massive accounting fraud at Parmalat.
In 2009, Scott Sullivan, former CFO of WorldCom and maestro of the largest accounting fraud in U.S. history, was released.
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The pair met in a conference room at H-P's Palo Alto headquarters, where the executive provided an outline of the alleged accounting fraud, Mr. Schultz said.
Several months ago, I raised the question of why the large-scale accounting fraud cases of the type that had been so prevalent in the early 2000s were no longer a staple for either federal prosecutors or the SEC.
FORBES: Restatements Resurrected?: Accounting Fraud By The Numbers
The Securities and Exchange Commission accused the executives of accounting fraud that boosted earnings between September 2000 and January 2004.
Now I know why Khuzami did not want to tell me about the statistics for accounting fraud and disclosure cases and whistleblower tips in advance.
FORBES: The SEC And Accounting Fraud Enforcement: No "There" There
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.
Short-sellers had started selling off Enron in early 2001, well before the company's accounting fraud became public.
The allegations are currently being looked into by the US Department of Justice, the UK's Serious Fraud Office and the UK accounting regulator.
In a statement to FORBES, SEC Enforcement Director Robert Khuzami argued that the task force was no longer needed because accounting expertise exists throughout the agency, and the number and severity of earnings restatements (a flag for possible accounting fraud) has declined dramatically since the mid-2000s.
FORBES: Is The SEC's Ponzi Crusade Enabling Companies To Cook The Books, Enron-Style?
Many of the allegations of fraud at Enron related to the accounting treatment of off-balance sheets and other transactions.
Politicians, the press and traders betting on a sinking share price all seized on Mr Kozlowski's seemingly monstrous abuses of corporate expenses and Tyco's executive-loan scheme as proof of a wider accounting fraud at the firm.
That may be heartening for Joseph Nacchio , the former chief executive of Qwest Communications (nyse: Q - news - people ), who faces 42 counts of insider trading in a Denver federal court after a four-year investigation into accounting fraud at the telecommunications firm.
Judging from what has happened with the False Claim Act, Dodd-Frank whistleblower suits will likely mainly concern accounting fraud at companies that file with the SEC.
When you hire a banker, you ask it to do certain things but delving into the books, doing accounting and finding fraud is not one of them.
In addition, the Public Company Accounting Oversight Board, created as part of the same backlash against corporate fraud, has had to grant auditors more time to comply with requirements under Sarbanes-Oxley.
Sadly, after McGowan died, MCI was merged into Worldcom, the company that devolved into a total accounting fraud.
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Greene insisted that he had gone forward with a substantial material fraud claim based on the accounting produced by LB Property.
Remember, there are plenty of civil and criminal laws to enforce actual accounting fraud as well as the release of false information to investors.
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The fraud was discovered when the accounting firm I was working for at the time discovered it during a due diligence review that we were performing on behalf of our client that was going to purchase Cenco.
McGladrey is the next tier public accounting firm with the alternative practice structure and exposure to Madoff and Petters fraud litigation as well as responsibility for the Sentinel fraud.
What did the numbers look like for fiscal 2012 for accounting fraud and disclosure enforcement cases filed?
FORBES: The SEC And Accounting Fraud Enforcement: No "There" There
Just a few pages later we hear from Ken Lay, the CEO of Enron who died in 2006 shortly before being sentenced for securities fraud connected to the most well-known financial fraud of the decade, which set a new standard for creative criminal accounting.
FORBES: In Their Own Words: Leadership Lessons From Lay, Kozlowski, Ebbers
For defense lawyers of a certain vintage, the early 2000s were a veritable golden age for accounting fraud cases.
FORBES: Accounting Fraud Cases Are Dead. Long Live Accounting Fraud Cases.
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