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  2. List of corporate collapses and scandals - Wikipedia

    en.wikipedia.org/wiki/List_of_corporate...

    After 3 years, both banks were put into bankruptcy, a new nationalized bank was created and the assets of the two bankrupt banks and the bank accounts of local account holders were transferred to the new bank and the local depositors were made whole by stealing about $180 million of money belonging foreign depositors, who lost their entire savings.

  3. Fair value accounting and the subprime mortgage crisis

    en.wikipedia.org/wiki/Fair_value_accounting_and...

    In 2006, the Financial Accounting Standards Board (FASB) implemented SFAS 157 in order to expand disclosures about fair value measurements in financial statements. [3] Fair-value accounting or "Mark-to-Market" is defined by FAS 157 as "a price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date".

  4. Accounting scandals - Wikipedia

    en.wikipedia.org/wiki/Accounting_scandals

    Opportunities: Although the financial statements of all companies are potentially subject to manipulation, the risk is greater for companies in industries where significant judgments and accounting estimates are involved. Turnover in accounting personnel or other deficiencies in accounting and information processes can create an opportunity for ...

  5. Here are 2022's top legal cases in business - AOL

    www.aol.com/finance/2022s-top-legal-cases...

    Here are 2022's top legal cases in business December 28, 2022 at 1:55 PM Precedent-setting legal battles played out across the country in 2022, laying out new rules and expectations for businesses ...

  6. Inside America’s longstanding financial literacy problem ...

    www.aol.com/finance/inside-america-longstanding...

    Another study said “interventions to improve financial literacy explain only 0.1% of the variance in financial behaviors studied, with weaker effects in low-income samples,” and that required ...

  7. New York business fraud lawsuit against the Trump Organization

    en.wikipedia.org/wiki/New_York_business_fraud...

    New York v. Trump is a civil investigation and lawsuit by the office of the New York Attorney General (AG) alleging that individuals and business entities within the Trump Organization engaged in financial fraud by presenting vastly disparate property values to potential lenders and tax officials, in violation of New York Executive Law § 63(12).

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