Accounting Fraud Watch: Disney’s Magic (Accounting) Kingdom and Ex-SEC Chief ‘Suspicious’ of GE Report
Our pal Francine McKenna at MarketWatch broke a pretty big news story today regarding an accountant who blew the whistle on Walt Disney Co. Disney whistleblower told SEC the company inflated revenue for years [MarketWatch] According to the whistleblower, Sandra Kuba, a former senior financial analyst in Disney’s revenue operations department who worked for the […]
How Do We Fraudulently Boost Revenues for Thee? Let Me Count the Ways
If you’re going to get busted for using fraudulent accounting practices to artificially inflate your company’s revenues, you might as well make it worth your while—or at least worth the fine you’re going to have to pay to the Securities and Exchange Commission. The SEC levied fraudulent accounting charges against Tangoe, formerly a public telecommunications […]