Chapter 15 Discussion, 1. Research for entry In section 4 of this chapter we looked at “Why Accounting Information is so Important". One of the topics in that section was “Accounting Fraud". Famous Accounting Scandals The following firms have been convicted or accused of accounting fraud: Enron, Lehman Brothers, Fannie Mae & Freddie Mac, and AIG, to name just a few. Using an internet search engine, find information on a recent accounting scandal. • Title of your entry should include the name of the company, and the date or timeframe of the scandal, the more recent the better. Consider some of the following to guide your entry: • Summarize what this firm does, and how/why they got into trouble. • what type of questionable accounting practice occurred in this firm • what were the consequences for this firm and the executives involved in the scandal • how were the public/investors/economy affected by this firms dishonesty • Document cited works and all references, links are ассеptable.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Chapter 15 Discussion,
1. Research for entry
In section 4 of this chapter we looked at “Why Accounting
Information is so Important". One of the topics in that section
was “Accounting Fraud".
Famous Accounting Scandals
The following firms have been convicted or accused of
accounting fraud: Enron, Lehman Brothers, Fannie Mae &
Freddie Mac, and AIG, to name just a few.
Using an internet search engine, find information on a recent
accounting scandal.
• Title of your entry should include the name of the company,
and the date or timeframe of the scandal, the more recent
the better.
Consider some of the following to guide your entry:
• Summarize what this firm does, and how/why they got into
trouble.
• what type of questionable accounting practice occurred in
this firm
• what were the consequences for this firm and the executives
involved in the scandal
• how were the public/investors/economy affected by this
firms dishonesty
• Document cited works and all references, links are
ассеptable.
Transcribed Image Text:Chapter 15 Discussion, 1. Research for entry In section 4 of this chapter we looked at “Why Accounting Information is so Important". One of the topics in that section was “Accounting Fraud". Famous Accounting Scandals The following firms have been convicted or accused of accounting fraud: Enron, Lehman Brothers, Fannie Mae & Freddie Mac, and AIG, to name just a few. Using an internet search engine, find information on a recent accounting scandal. • Title of your entry should include the name of the company, and the date or timeframe of the scandal, the more recent the better. Consider some of the following to guide your entry: • Summarize what this firm does, and how/why they got into trouble. • what type of questionable accounting practice occurred in this firm • what were the consequences for this firm and the executives involved in the scandal • how were the public/investors/economy affected by this firms dishonesty • Document cited works and all references, links are ассеptable.
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