Accounting Scandals Essay by Neatwriter
A look at recent accounting scandals and their consequences to employees, investors, shareholder and ordinary consumers.
# 61841 | 907 words | 5 sources | APA | 2005 |
Published on Oct 30, 2005 in Business (Accounting) , Accounting (General)
$19.95 Buy and instantly download this paper now
This paper briefly describes the Citibank and Enron accounting scandals, the cost of and damages caused by the scandals and the current status of the companies involved.
From the Paper:"$2.65 billion. That is the amount the investment Citigroup agreed, less than a year ago, to pay to investors who had bought stock and bonds in the telecommunications giant WorldCom before its bankruptcy filing two years ago. If the adage that 'crime does not pay' is not always true, it is certainly valid when estimating the tremendous cost the WorldCom and Enron investing and accounting scandals have cost employees, investors, shareholder, and ordinary consumers. (Morgenstern, 2004)"
Cite this Essay:
Accounting Scandals (2005, October 30) Retrieved March 25, 2023, from https://www.academon.com/essay/accounting-scandals-61841/
"Accounting Scandals" 30 October 2005. Web. 25 March. 2023. <https://www.academon.com/essay/accounting-scandals-61841/>