Can we eliminate fraud and other financial shenanigans? (corporate and banking scams)

From: USA Today (Magazine) | Date: September 1, 1994| Author: | Copyright information

Financial accounting and reporting fraud in small and large businesses continues to flourish. Real financial performance can be hidden or inflated in various ways. The findings of a national commission on fraud, the Treadway Commission, have yet to be fully publicized.

FINANCIAL shenanigans often can cause great harm to individuals, companies, and society. On a micro level, they hurt investors, lenders, employees, and vendors; on a macro level, they result in resources being allocated to the wrong companies--those that deceive the public with accounting tricks.

Something must be ...

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