Share
Explore BrainMass

Echoes of the Shenanigans

One of the major purposes of SEC regulation, FASB, GAAP, and the attest (public company audit) business is to represent financial situations "fairly". With all this regulation and mandated reporting, WHAT HAPPENED OVER THE PAST FOUR YEARS?

Have we seen echoes of the Shenanigans cases in more recent horror stories?

Solution Preview

One of the major purposes of SEC regulation, FASB, GAAP, and the attest (public company audit) business is to represent financial situations "fairly". With all this regulation and mandated reporting, WHAT HAPPENED OVER THE PAST FOUR YEARS?

Over the past four years there are several things that happened. The first is that the top executives have become very cautious. They ...

Solution Summary

Echoes of the Shenanigans is discussed very comprehensively in this explanation..

$2.19