Predators and Profits: 100+ Ways for Investors to Protect Their Nest Eggs

Chapter 8. Earnings Tricks and Games: Manipulating the Numbers and “Creative” Fraud

	“Now little beads of sweat appear. Soon he is creating charts with earnings on one side and Wall Street expectations on the other... As the quarters proceed he finds himself keeping bad accounts receivable, delaying the recognition of expenses, and altering inventory levels. At one point, dispensing with all formality, he finds himself directing his accounting staff to cross out real numbers and insert false ones.”
	--Michael Young in his book Accounting Irregularities and Financial Fraud on how the head of a company division can become drawn into a massive financial fraud

In one recollection in his autobiography Straight from the Gut, Jack Welch crystallizes the ...