31 January 2013

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The Most Infamous Corporate Accounting Scandals in History [Infographic]

This graphic lists ten shocking accounting scandals that have occurred in the past fifteen years. Unfortunately, many companies "cooked the books" during this era, leading to enormous financial losses, lawsuits, incarcerations, and sometimes the destruction of entire companies. This led to a great deal of negative media attention. This document begins in chronological order with the Waste Management scandal of 1998. This is followed by the infamous Enron scandal in 2001 that led to criminal convictions of the two highest-ranking members of the company. Eight more scandals are examined as well. For each incident, it lists several helpful categories of information - what happened, the main player(s), how they perpetrated the scandal, how they were eventually caught, the penalties, and miscellaneous fun facts. The document provides insight into the similarities and differences between corporate accounting scandals. It also details the damage that the perpetrators do to the companies and the employees that work for them.


This graphic lists ten shocking accounting scandals that have occurred in the past fifteen years. Unfortunately, many companies "cooked the books" during this era, leading to enormous financial losses, lawsuits, incarcerations, and sometimes the destruction of entire companies. This led to a great deal of negative media attention.

This document begins in chronological order with the Waste Management scandal of 1998. This is followed by the infamous Enron scandal in 2001 that led to criminal convictions of the two highest-ranking members of the company. Eight more scandals are examined as well. For each incident, it lists several helpful categories of information - what happened, the main player(s), how they perpetrated the scandal, how they were eventually caught, the penalties, and miscellaneous fun facts.

The document provides insight into the similarities and differences between corporate accounting scandals. It also details the damage that the perpetrators do to the companies and the employees that work for them.


The 10 Worst Corporate Accounting Scandals of All Time
Source: Accounting-Degree.org
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