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Showing posts with label Financial Fraud. Show all posts
Showing posts with label Financial Fraud. Show all posts
Tuesday, 11 April 2017

Late filing of financial accounts

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Unfortunately, a small minority of companies file their accounts late or even not at all. This is an offence for which the directors can ...
Sunday, 25 December 2011

'Channel Stuffing' is usually done fraudulently to raise the value of the stock.

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A deceptive business practice used by a company to inflate its sales and earnings figures by deliberately sending retailers along its distri...
Tuesday, 6 December 2011

Our corporate punishments are the laughing stock among foreigners. A man was sentenced to 25 weeks in jail for stealing 80 pairs of women's panties.

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Time for harsher penalties By Zuraimi Abdullah Published: 2010/06/07 There are many ways to destabilise or mismanage a company, and in Ke...
Sunday, 10 October 2010

Kiss corporate governance goodbye when punishment meted is not commensurate with the crime

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Saturday October 9, 2010 Too little punishment for too much A QUESTION OF BUSINESS By P. GUNASEGARAM If directors continue to get away ...
Monday, 16 August 2010

Bank fraud: know your rights

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Bank fraud: know your rights Adam Courtenay August 10, 2010 Short of being physically held up by thieves, one of the more disquieting mod...
Friday, 30 July 2010

Incredible Claims. Sadly, some Suckers will part with their money due to Ignorance and Greed

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Received this in my comment column.  I have deleted the name of the company, so that we may examine the claims made in this letter. ---- ...
Sunday, 6 June 2010

How to be a wiser investor

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Saturday June 5, 2010 How to be a wiser investor Review by ERROL OH errol@thestar.com.my How to Smell a Rat: The Five Signs of Finan...
Thursday, 13 May 2010

Cooking the Books: Investors, be warned.

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This discussion should make you better able to see the clues of fraud and remind you to be vigilant. Managers most often cook the books fo...

Cooking the Books: Sweetening the Balance Sheet

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Most often both the Balance Sheet and the Income Statement are involved in cooking the books.  A convenient cooking is exchanging assets wit...

Cooking the Books: Puffing up the Income Statement

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Puffing up the Income Statement most often involves some form of bogus sales revenue that results in increased profit. One of the simplest...

Cooking the Books: This is very different from "Creative Accounting."

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The vast majority of audited financial statements are prepared fairly.  They are assembled in accordance with GAAP and evidence sound fiscal...

Cooking the Books: Why do managers cook the books?

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Managers most often cook the books for personal financial gain - to justify a bonus,  to keep stock prices high and options valuable or  ...

Cooking the Books: Techniques to Sweeten the Balance Sheet

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C. Improperly increased or shifted period income. D. Improperly increased assets and equity. C.  Improperly increased or shifted period i...

Cooking the Books: Techniques to Puff Up the Income Statement

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A.  Improperly increased revenue B.  Improperly lowered cost or expenses. A.  Improperly increased revenue A1.  Sales recorded before c...