Suchergebnisse

• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 33: Vivendi Universal (France, 2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …part of the settlement, Messier agreed to pay a penalty of USD 1 million and to give up any claims to a severance package worth EUR 21 million that he… …December 2004, he was fined EUR 1 million by the AMF for issuing inaccurate and excessively optimistic information on the com- pany, thus deceiving the…
• eBook-Kapitel aus dem Buch Accounting Fraud

  A Practice Aid for Company Executives: The Ethics Barometer

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …, different questions may be added. The questionnaire is based upon Likert scales ranging from 1 to 5 (5 = strongly agree, 4 = agree, 3 = partially… …agree, 2 = disagree, 1 = strongly disagree). A. Leadership/“Tone at the Top” A.1 In my opinion, the management team sets a good example in…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 29: Infomatec (Germany, 2000)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …, German Law Journal, May 1, 2003 German Supreme Court Rules on Personal Liability of Board Members for Misleading Public Releases, www.debevoise.com…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 15: Xerox (2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …gations in the SEC complaint mainly centre around two different manipulations: (1) premature revenue recognition, and (2) the improper use of so-called… …the arrangements, the revenue stream from Xerox’s leases consequently had three components: (1) the value of the “box” (a term the company used to… …, 2001 Auditor Finds No Fraud in Xerox’s Annual Report, The New York Times, June 1, 2001 Xerox replaces auditors, www.telegraph.co.uk, October 9, 2001…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 19: Adelphia Communications (2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …concerning operational and financial performance Besides, Adelphia misstated certain of its reported results: (1) the number of its basic cable… …racked up a personal debt of more than USD 66 million by late 2000, he secretly withdrew USD 1 million a month from the company. – The Rigases used… …looted Adelphia of more than USD 1 billion. However, the Adelphia board had already been made aware of large and undocumented transfers to the Rigases…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 34: Royal Ahold (The Netherlands, 2003)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …by USD 880 million over three years, and that it would have to take pre-tax charges of nearly USD 1 billion on group level. The size of the new… …investigations, it was ultimately found that there were two principal sources of material misrepresentations in Ahold’s consolidated financial statements: (1… …of Its Argentine Unit, The New York Times, February 28, 2003 Europe’s Enron, The Economist, March 1, 2003 Royal Ahold’s Royal Hold Up, www.upenn.edu…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 37: Siemens (Germany, 2006)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …: USD 1.6 billion in fines and fees in Germany and the United States as well as more than USD 1 billion for the internal inquiry and related reforms… …. In Argentina, a different Siemens division paid at least USD 40 million in bribes to win a USD 1 billion contract to produce national identity cards… …. Solmssen: The Sheriff at Siemens, at Work Under the Justice Dept.’s Watchful Eye, The New York Times, October 8, 2008 Siemens sets aside € 1 billion…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 44: Satyam Computer Services (India, 2009)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Satyam or its multinational auditors, PricewaterhouseCoopers, was more to blame for the scandal. “It’s hard to miss USD 1 billion of cash,” said Dennis… …Beresford, a former chairman of the FASB, the U.S. accounting watchdog. “If you are an audit- ing company and your client says they have USD 1 billion in… …, January 1, 2009 Satyam fraud: Full text of Raju’s letter to board, www.financialexpress.com, January 7, 2009 Satyam fraud shocks investors, employees…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 12: Enron (2001)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Enron stock (October 17). Senior management, however, sold nearly USD 1 billion worth of company shares throughout the year. - The SEC opened inquiries… …if two conditions were met: (1) an owner independent of the company provided a minimum of 3% of the SPE’s capital (the other 97% could come from the… …accounting experts, two reasons may be cited for Enron’s inadequate disclosures: (1) the disclosures were fraudulently minimized, and (2) the trans- actions… …process called “rank and yank”, the employees were regularly rated on a scale of 1 to 5, with the “1s” being challenged and dispro- portionately rewarded… …Online, March 1, 2004 Justices Unanimously Overturn Conviction of Arthur Andersen, The New York Times, May 31, 2005 Enron fraud…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 17: Global Crossing (2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …, January 1, 2003 Global Double Crossing?, www.cfo.com, December 10, 2003 Global Crossing Settles Suit on Losses, The New York Times, March 20, 2004 Global…