全球公司会计舞弊和改革行为【外文翻译】

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1、外文文献翻译译文原文GlobalCorporateAccountingFraudsandActionforReforms1、IntroductionDuringtherecentseriesofcorporatefraudulentfinancialreportingincidentsintheU.S.,similarcorporatescandalsweredisclosedinseveralothercountries.Almostallcasesofforeigncorporateaccountingfraudswere

2、committedbyentitiesthatconducttheirbusinessesinmorethanonecountry,andmostoftheseentitiesarealsolistedonU.S.stockexchanges.FollowingthelegislativeandregulatoryreformsofcorporateAmerica,resultingfromtheSarbanesOxleyActof2002,reformswerealsoinitiatedworldwide.Theprimar

3、ypurposeofthispaperistwofold:(1)toidentifytheprominentAmericanandforeigncompaniesinvolvedinfraudulentfinancialreportingandthenatureofaccountingirregularitiestheycommitted;and(2)tohighlighttheglobalreactionforcorporatereformswhichareaimedatrestoringinvestorconfidence

4、infinancialreporting,thepublicaccountingprofessionandglobalcapitalmarkets.2、CasesofGlobalCorporateAccountingFraudsThelistofcorporatefinancialaccountingscandalsintheU.S.isextensive,andeachonewastheresultofoneormorecreativeaccountingirregularities.Exhibit1identifiesas

5、ampleofU.S.companiesthatcommittedsuchfraudandthenatureoftheirfraudulentfinancialreportingactivities.13EXHIBIT1.ASAMPLEOFCASESOFCORPORATEACCOUNTINGFRAUDSINTHEU.S.A.AdelphiaCommunicationsFoundingfamilycollected$3.1billioninoff-balance-sheetloansbackedbycompany.Earning

6、swereoverstatedbycapitalizationofexpensesandhidingdebt.AOLTimeWarnerBarterdealsandadvertisementssoldonbehalfofotherswererecordedasrevenuetokeepitsgrowthratehigh.Saleswerealsoboostedvia"round-trip"dealswithadvertisersandsuppliers.Bristol-MyersSquibbInflated2001revenu

7、esby$1.5billionby"channelstuffing,"forcingorgivinginappropriateincentivestowholesalerstoacceptmoreinventorythantheyneeded,toenablecompanytomeetits2001salestargets.CMSEnergyExecuted"round-trip(buyandsell)"tradestoartificiallyboostenergytradingvolumeandrevenues.DukeEn

8、ergyEngagedin23"round-trip"tradestoboosttradingvolumesandrevenues.DynegyExecuted"round-trip"tradestoartificiallyboostenergytradingvolume,r