How does the field of accountancy ‘clean up the mess’ after a major business collapse or scandal? Michael J. Jones explains in this book.

What does this book cover?

This is an unusual thing for an accounting text – riveting and exciting, it is a treat to read rather than a chore. It explores exactly where the line is between ‘exploiting a loophole’ and ‘committing deliberate fraud’, as well as the murky grey areas which are neither one nor the other.

This deep dice into ‘creative accounting’ and business fraud is divided into three key sections:

• First, you’ll explore the accounting and financial context in which creative accounting and accounting fraud typically occur.
• Next, you’ll examine the details of a series of famous accounting scandals, including Enron, Parmalat and the South Sea Bubble.
• Finally, it will draw connections between these cases, directing your attention to common themes and implications occurring throughout the global accounting scene.

About the Author

Michael J. Jones teaches financial reporting at Bristol university, and has more than 3 decades of teaching experience ranging from the GCSE to senior university levels. His articles on financial and international accounting are widely published, and he edits the British Accounting Review.

This insightful exploration of accounting and business scandals and the regulatory schemes which seek to prevent these events from occurring is a must read for anyone interested in forensic accounting or financial reporting.