As regulators declare war on crooked accounting, the art of "cooking the books" still appears to be rampant in corporate America - especially among high-tech companies that live and die by their stock prices.

"Accounting fraud may be the crime of the 21st century," said David Elzinger, a forensic accountant at Lindquist Avey, a corporate intelligence firm in Vancouver, B.C., that has many Silicon Valley clients. "It's widespread and appears to be growing."http://www.sfgate.com/business...-rampant-3306943.php

 

We were warned over a decade ago.

Original Post

dire do you know anything about this?

 

Ernst & Young has agreed to pay $123m (£82m) in a settlement with criminal prosecutors in the US, admitting that some of its most senior tax partners had been involved in developing, marketing and defending tax avoidance schemes between 1999 and 2004 to dodge taxes worth $2bn faced by about 200 wealthy individuals. http://radamisto.blogspot.com/...accounting-firm.html

Add Reply

Likes (0)
Post

×
×
×
×