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On July 9, 2002, George W. Bush gave a speech about recent accounting scandals that had been uncovered. In spite of its stern tone, the speech did not focus on establishing new policy, but instead focused on actually enforcing current laws, which include holding CEOs and directors personally responsible for accountancy fraud.
Macy’s employee responsible for a $151 million accounting scandal made one mistake that snowballed into an intentional coverup. Sydney Lake. December 11, 2024 at 1:52 PM.
A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Many recent corporate collapses and scandals have involved some type of false or inappropriate accounting (see list at accounting scandals ).
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
The company says an investigation finds no evidence of fraud.
MUNICH (Reuters) -German prosecutors have charged another two former Wirecard executives, according to a statement from their Munich office on Tuesday, casting their net wider in investigations ...
Pages in category "Accounting scandals" The following 74 pages are in this category, out of 74 total. This list may not reflect recent changes. ...
Three senior employees involved with the accounting scandals later returned to the firm as a board member, the vice president of business development, and a close consultant to the CEO, according ...