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Finds fault with a number of companies each year

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Reference no: EM13962851

Accounting discussion broad

Go out onto the web and find a company that has been "caught" reporting costs incorrectly. This could be inventory valuation, it could be costing methods, it could be channel stuffing.

The SEC finds fault with a number of companies each year and one major source of fault are issues around matching inventory costs to revenue properly. so let's see what you can find.

Those company cannot use

Peregrine Systems

WorldCom (MCI)

Freddie Mac Scandal

Olympus Corp

Adelphia Communications

Global Crossing

Penn West Petroleum

American Apparel

Goldman Sachs

Peregrine Systems, Inc

American Insurance Group (AIG)

Home Loan Services Soluctions, LTD

Qwest Communications

AOL Time Warner

IMClone System

Satyam Computer Services

Bernie Madoff

Jewelry and Collectibles Company With Accounting Fraud

The Baptist Foundation of Arizona

Bristol Myers Squibb

Lehman Brothers

The HealthSouth

Channel Stuffing: Coca-Cola

Miller Energy Resources

Toshiba

Computer Sciences Company (CSC)

MusclePharm

Trinity National Corp

Dell Computers

OCZ Technologies Inc

Tyco Scandal (NYSE: TYC)

Diamond Foods

Arizona.

Waste Management (WM)

Enron Accounting Scandal

 

Reference no: EM13962851

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