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Corporate Collapse: Accounting, Regulatory and Ethical Failure
 
 
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Corporate Collapse: Accounting, Regulatory and Ethical Failure [Paperback]

Frank Clarke (Author), Graeme Dean (Author), Kyle Oliver (Author)


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Book Description

0521534267 978-0521534260 July 21, 2003 2
This newly revised edition sheds more light on why accountants often fail to deliver the truth about a company's position or to warn of its impending failure. Well-known examples of corporate collapse from the 1960s to the 1990s and beyond are studied as well as the recent HIH and One.Tel collapses. The volume is essential reading for professional accountants and auditors, company directors and managers, regulators, corporate lawyers and investors. First Edition Hb (1997): 0-521-58520-1 First Edition Pb (1998): 0-521-58523-6

Editorial Reviews

Review

"This well-organized, informative, and controversial book should be on the required reading list of every accounting professional, student, and regulator, and every reader of financial statement reports." Choice

Book Description

This revised edition of Clarke, Dean and Oliver's provocative book tells why accounting has failed to deliver the truth about a company's state of affairs or to give warning of its drift towards failure. A number of well-known cases of corporate collapse from the 1960s to the 1990s and beyond are studied and the recent HIH and One.Tel collapses are examined. Corporate Collapse is essential reading for professional accountants and auditors, company directors and managers, regulators, corporate lawyers, investors and everyone aspiring to join their ranks.

Product Details

  • Paperback: 412 pages
  • Publisher: Cambridge University Press; 2 edition (July 21, 2003)
  • Language: English
  • ISBN-10: 0521534267
  • ISBN-13: 978-0521534260
  • Product Dimensions: 8.9 x 6 x 1.1 inches
  • Shipping Weight: 1.5 pounds
  • Amazon Best Sellers Rank: #3,072,494 in Books (See Top 100 in Books)

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Inside This Book (learn more)
First Sentence:
When Bond Corp first announced its loss of almost $1 billion in October 1989 it surprised most of those who felt that they had their finger on the pulse of Australian corporate life. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
separate legal entity principle, feral accounting, financial commonsense, unexpected corporate collapses, conventional accounting data, future income tax benefits, consolidation accounting, tax effect accounting, corporate regulators, published financial data, prudential regulator, complex group structures, cross guarantees, counsel assisting, compulsory compliance, financial truth, generic defects, underlying net assets, corporate cowboys, accounting artifacts, conventional accounting practice, professional accountancy bodies, published financial statements, financial substance, asset backing
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Pty Ltd, Bond Corporation, United States, Reid Murray, Alan Bond, Bell Resources, Robe River, Royal Commission, United Kingdom, Royal Mail, Corporations Law, Harris Scarfe, Adelaide Steamship, Corporations Act, Australian Financial Review, Waste Management, Westmex Ltd, Arthur Andersen, News Corp, Hooker Corporation, Ray Williams, Waltons Bond, Air New Zealand, Companies Act, Henry Bosch
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