Accounting Fraud

Timeline

Accounting Scandals and Reform

Scandal	Period	Discussion
Smuggling and Bribery	From the beginning	Smuggling and bribery have been common practices since the earliest civilizations and from the start of the North American colonies. As restrictions became increasingly tight, smuggling and bribery became more sophisticated.
Counterfeiting	Shortly after the invention of money	Counterfeiting also has ancient origins. In colonial and early American periods, counterfeiting paper money became prevalent and boomed as state bank charters exploded in the 19th century.
American Constitution	Written in 1787	Unable to function adequately under the Articles of Confederation, a new constitution was debated, written, and passed; ...