U.S. Securities and Exchange Commission
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Accounting scandals are political and/or business scandals which arise with the disclosure of financial misdeeds by trusted executives of corporations or governments. Such misdeeds typically involve complex methods for misusing or misdirecting funds, overstating revenues, understating expenses, overstating the value of corporate assets or underreporting the existence of liabilities, sometimes with the cooperation of officials in other corporations or affiliates.
In public companies, this type of "creative accounting" can amount to fraud, and investigations are typically launched by government oversight agencies, such as the Securities and Exchange Commission (SEC) in the United States.
See also
- Penny stock scam
- Accounting ethics
- Corporate abuse
- Corporate scandal
- Dotcom bubble
- Financial crisis of 2007-2010
- Philosophy of accounting
- Forensic accounting
- Sarbanes-Oxley Act
- Savings and loan crisis
- Tobashi scheme
- Securities fraud
- Vivien v. Worldcom
- White-collar crime
Unless indicated otherwise, the text in this article is either based on Wikipedia article "U.S. Securities and Exchange Commission" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
