March 2014
Beginner
316 pages
7h 48m
English
Content preview from Fraud Prevention and Detection
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FINANCIAL STATEMENT FRAUD
47
How Are Accounts Receivable Typically Manipulated?
Accounts receivables can be manipulated through the recording of non-
existent receivables in the nancial statements or by valuing receiv-
ables at amounts greater than their true value. While ctitious receivables
can result from ctitious sales (to be addressed later in this chapter),
they can also involve recording and overvaluing volume bonuses and
commissions from suppliers. This method was employed at a fraud
involving subsidiaries of Dutch grocery giant Royal Ahold NV. In 2004,
it settled Securities and Exchange Commission charges that subsidiar-
ies fraudulently inated earnings by nearly $830 million between 2000
and 2002.
The intentional failure to write off ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.