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Echoes of the Shenanigans

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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?

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

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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 provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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