Corporate Audit Scams. A Threat to Corporate Governance

      Аннотация: Recently, good corporate governance has received massive public and regulatory attention.Persons who occupy positions of power or authority often find themselves in conflict of interest situations, where official duties and private interests overlap, but do not coincide.If private interests are pursued in such circumstances this may be at the expense of the dereliction of official duties, and a failure to heed the interests of the constituency whom officials ostensibly serve.The core activities of corporate governance consist of fair accounting and auditing practices.It helps the business houses to assess their current financial position and also serve as valuable information to raise capital apart from building up the goodwill in the market.Therefore, any manipulation of the financial statement would adversely affect the growth and image of the company.This book elucidates audit scams which; have become a subject matter of concern.It explains the Origin, History, Nature, Cause, Role of various actors, Impact on stakeholders and Legal regime in this regard.This book maybe helpful to students and professionals worldwide to gain an insight into auditors role in such scams.

Ключевые слова: Corporate scandal, corporate audit, accounting scandal, corporate scams, companies act