Financial Massaging and Corporate Governance. Role in Mega Business Scandals

      Аннотация: By means of simple narrative, the complex subject of business morbidity and consequently mortality, as a result of perpetual fraudulent accounting and reporting, one of whose hallmarks is financial massaging, are progressively and successfully explored in this book titled Financial Massaging and Corporate Governance: Role in Mega Business Scandals”. The motives central to financial massaging, especially self-interest, profit and pressure to be seen as successful, are ably treated. The authors, Dr. Sazir Nsubuga Mayanja and Associate Professor Lydia Emuron excitingly take the reader through why and how reporting entities lie about their assets, liabilities and performance over reporting periods. The role of auditors, audit committees, oversight bodies and other stakeholders are explored. Causes and symptoms of poor financial health are discussed. Bad or lack of corporate governance are key factors in the scandals. They are perpetuated by the entity’s human resource, and its complicity or roles are highlighted. A simple introduction is followed by six chapters of reasonable length.

Ключевые слова: Financial Massaging, CoFinancial Massaging, Corporate Governancerporate, governance