财务舞弊 会计舞弊 外文文献 翻译

《财务舞弊 会计舞弊 外文文献 翻译》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

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

2、ttheirbusinessesinmorethanonecountry,andmostoftheseentitiesarealsolistedonU.S.stockexchanges.FollowingthelegislativeandregulatoryreformsofcorporateAmerica,resultingfromtheSarbanesOxleyActof2002,reformswerealsoinitiatedworldwide.Theprimarypurposeofthispaperistwofold:(1)toidentifytheprominentAmer

3、icanandforeigncompaniesinvolvedinfraudulentfinancialreportingandthenatureofaccountingirregularitiestheycommitted;and(2)tohighlighttheglobalreactionforcorporatereformswhichareaimedatrestoringinvestorconfidenceinfinancialreporting,thepublicaccountingprofessionandglobalcapitalmarkets.2、CasesofGlob

4、alCorporateAccountingFraudsThelistofcorporatefinancialaccountingscandalsintheU.S.isextensive,andeachonewastheresultofoneormorecreativeaccountingirregularities.Exhibit1identifiesasampleofU.S.companiesthatcommittedsuchfraudandthenatureoftheirfraudulentfinancialreportingactivities.13EXHIBIT1.ASAMP

5、LEOFCASESOFCORPORATEACCOUNTINGFRAUDSINTHEU.S.A.AdelphiaCommunicationsFoundingfamilycollected$3.1billioninoff-balance-sheetloansbackedbycompany.Earningswereoverstatedbycapitalizationofexpensesandhidingdebt.AOLTimeWarnerBarterdealsandadvertisementssoldonbehalfofotherswererecordedasrevenuetokeepit

6、sgrowthratehigh.Saleswerealsoboostedvia"round-trip"dealswithadvertisersandsuppliers.Bristol-MyersSquibbInflated2001revenuesby$1.5billionby"channelstuffing,"forcingorgivinginappropriateincentivestowholesalerstoacceptmoreinventorythantheyneeded,toenablecompanytomeetits2001salestargets.CMSEnergyEx

7、ecuted"round-trip(buyandsell)"tradestoartificiallyboostenergytradingvolumeandrevenues.DukeEnergyEngagedin23"round-trip"tradestoboosttradingvolumesandrevenues.DynegyExecuted"round-trip"tradestoartificiallyboostenergytradingvolume,r