Called to Account describes the history of accounting as a series of scandals followed by voluntary or mandated reforms. Sixteen chapters describe notable accounting frauds such as McKesson & Robbins (1938), Equity Funding (1973), ZZZZ Best (1987), Waste Management (1998), Enron (2001), and Olympus (2011). Each chapter can be used as a case study in an auditing or fraud examination course to illustrate risk assessment, internal control weaknesses, and auditing procedures. Sixteen related chapters describe new auditing standards adopted or legislation passed in response to each fraud. These chapters explain the origin of many of today’s accounting and auditing practices. It is impossible to understand the modern public accounting profession without understanding the scandals and failures that influenced so many current practices.

Publisher’s Website Follow this link to purchase a copy of Called to Account or request an inspection copy.