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Corporate Risks: Unit 4
16.1 Manipulation of Accounting
Accounting is a technique or system of control and recording of expenses and income and other economic operations carried out by a company.
Accounting records are an ordered source of data to analyze information and make decisions; therefore, those records must be transparent in order to provide a clear picture of the real financial situation of a company.
The Louisiana Purchase was the largest acquisition of land in the history of the United States.* In 1803, Napoleon Bonaparte, French First Consul, sold to the United States more than 2 million square kilometers of French possessions in North America at a price of US$15 million plus interest, which ended up costing to the United States ...
