全球公司会计舞弊和改革行为-外文文献翻译译文

《全球公司会计舞弊和改革行为-外文文献翻译译文》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

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

2、thatconducttheirbusinessesinmorethanonecountry,andmostoftheseentitiesarealsolistedonU.S.stockexchanges.FollowingthelegislativeandregulatoryreformsofcorporateAmerica,resultingfromtheSarbanesOxleyActof2002,reformswerealsoinitiatedworldwide.Theprimarypurposeofthispaperistwofold:(1)toiden

3、tifytheprominentAmericanandforeigncompaniesinvolvedinfraudulentfinancialreportingandthenatureofaccountingirregularitiestheycommitted;and(2)tohighlighttheglobalreactionforcorporatereformswhichareaimedatrestoringinvestorconfidenceinfinancialreporting,thepublicaccountingprofessionandglob

4、alcapitalmarkets.2、CasesofGlobalCorporateAccountingFraudsThelistofcorporatefinancialaccountingscandalsintheU.S.isextensive,andeachonewastheresultofoneormorecreativeaccountingirregularities.Exhibit1identifiesasampleofU.S.companiesthatcommittedsuchfraudandthenatureoftheirfraudulentfinan

5、cialreportingactivities.EXHIBIT1.ASAMPLEOFCASESOFCORPORATEACCOUNTINGFRAUDSINTHEU.S.A.AdelphiaCommunicationsFoundingfamilycollected$3.1billioninoff-balance-sheetloansbackedbycompany.Earningswereoverstatedbycapitalizationofexpensesandhidingdebt.AOLTimeWarnerBarterdealsandadvertisementss

6、oldonbehalfofotherswererecordedasrevenuetokeepitsgrowthratehigh.Saleswerealsoboostedvia"round-trip"dealswithadvertisersandsuppliers.Bristol-MyersSquibbInflated2001revenuesby$1.5billionby"channelstuffing,"forcingorgivinginappropriateincentivestowholesalerstoacceptmoreinventorythantheyn

7、eeded,toenablecompanytomeetits2001salestargets.CMSEnergyExecuted"round-trip(buyandsell)"tradestoartificiallyboostenergytradingvolumeandrevenues.DukeEnergyEngagedin23"round-trip"tradestoboosttradingvolumesandrevenues.DynegyExecuted"round-trip"tradestoartificiallyboostenergytradingvolum

8、e,rev