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COVER
STORY
Corporate
Governance Lessons From Europe's Enron -- Michael Gray, Carlotta Amaduzzi and Stephen Deane
The
authors explore the poor corporate governance norms at Parmalat,
offering lessons from the scandal.
© Institutional Shareholder Services, Inc. (www.issproxy.com).
Reprinted with permission.
Parmalat:
A Case of Auditing Failure -- C Padmavathi
The
fraud at Parmalat is once again raising the fundamental question:
Where were the auditors?
© IUP. All Rights Reserved
FINANCIAL
REPORTING
Illuminating
Value: The Business Impact of IFRS -- Nigel Masters
Starting
from 2005, companies in the European Union have to report
their financial statements under International Financial Reporting
Standards (IFRS). The author examines some of the key issues
in transformation.
© 2004 PricewaterhouseCoopers. All Rights Reserved. Reprinted
with permission. This article originally appeared on the PricewaterhouseCoopers'
Global Website at http://www.pwcglobal.com.
Demystifying
Accounting Scams -- Jyoti Rao and Shailaja Pai
In
the past few years, corporate America has seen a deluge of
accounting frauds leading to introduction of reforms aimed
at improving corporate governance. The authors examine frauds
at WorldCom, HealthSouth, Xerox, and Enron.
© IUP. All Rights Reserved
GOVERNANCE
AND ETHICS
Where
Jeff Immelt's Incentive Plan Misses the Mark -- G Bennett Stewart III
GE
wanted a new way to measure its CEO's performance and pay
him accordingly. The author argues that the devil is in the
details.
© Corporate Board Member, March/April 2004 (www.boardmember.com).
Reprinted with permission.
FORENSIC
ACCOUNTING
Follow
the Greenback Road -- Joseph T Wells
Even
the most shrewd fraudsters leave traces and fraud examiners
and prosecutors have the most effective ways to unearth fraud.
The author explores Asset, Expenditures, and Bank Deposits
methods to detect fraud.
© Joseph T Wells. This article originally appeared inthe November
2003 issue of The Journal of Accountancy. Reprinted with permission.
Fraud:
What Starts Small Can Snowball -- Paul Sweeney
Most
episodes of financial fraud start as "tweaks" or "adjustments."
Experts say that most often, it is the culture that is to
be blamed, and as the schemes deepen, individual reservations
are simply overwhelmed.
© Financial Executives International, December 2003 (www.fei.org).
Reprinted with permission.
E
is for Evidence -- Tae Kim
Electronic
evidence can sometimes be found in the most unlikely places.
Fraud examiners better watch out.
© CA Magazine, January/February 2004 (www.camagazine.com).
Reproduced with permission from CA Magazine, published by
the Canadian Institute of Chartered Accountants, Toronto,
Canada.
FINANCIAL
ACCOUNTING
Intangible
Assets: Framing the Debate -- Bruce H Nearon
Accounting
for intangible assets has always been a topic of debate. The
author offers insights into the issue.
© The CPA Journal, January 2004 (www.cpajournal.com). Reprinted
with permission.
Accounting
and Finance Interfaces -- Susan Campbell
Finance
and accounting professionals could end up with less than a
Vegemite sandwich if they fail to understand each other's
needs and objectives. The author explores a narrowing divide.
© Hardie Grant Publishers. This article first appeared in
CPA Australia, December 2003 (www.cpaaustralia.com). Reprinted
with permission. This article was originally published as
"I Said Do You Speak - A My Language?"
ACCOUNTING
STANDARDS
AS
17: Segment Reporting -- Sanjeev Singhal
Segment
reporting helps investors in analyzing the risk and return
associated with a particular segment. The author discusses
the Indian Accounting Standard, AS 17, relating to segment
reporting.
© IUP. All Rights Reserved
Related
Party Disclosures -- Glynnis Carthy
In
light of new disclosure requirements with regard to related
party transactions under IFRS, the author discusses some of
the key proposals under the new standard.
© Accountancy SA, February 2004 (www.accountancysa.org.za).
Reprinted with permission.
TECHNICAL
NOTE
Valuation
of Intellectual Capital -- C Vijaychandra Kumar
Intellectual
capital is emerging as vital asset for corporates. The author
discusses the Edvinsson and Malone model of valuation.
© IUP. All Rights Reserved
ROUND
TABLE
The
CA (Amendment) Bill - Issues and Perspectives -- T
V Mohandas Pai, Amit C Kamath
© IUP. All Rights Reserved.
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