Overview
Financial shenanigans can range from relatively minor infractions involving merely a loose interpretation of accounting rules to outright fraud perpetuated over many years. As a controller or auditor, financial shenanigans are at the top of mind. Depending on the scope of the shenanigans, the repercussions may include a steep sell-off in the stock, bankruptcy, dissolution, shareholder lawsuits, or possibly jail time for those involved.
Objectives
- Understand how financial shenanigans occur and are concealed for years
- Learn how to detect financial shenanigans using a variety of techniques
- Apply financial shenanigans to various case studies