進階搜尋


 
系統識別號 U0026-0812200914362306
論文名稱(中文) Detecting Fraud and Discovering the Warning Signs to Protect the Individual Investor:A Study of Corporate Fraud
論文名稱(英文) Detecting Fraud and Discovering the Warning Signs to Protect the Individual Investor:A Study of Corporate Fraud
校院名稱 成功大學
系所名稱(中) 國際經營管理研究所碩士班
系所名稱(英) Institute of International Management (IIMBA--Master)
學年度 96
學期 2
出版年 97
研究生(中文) 何柏宏
研究生(英文) Brian-Cutler Hale
學號 RC695709
學位類別 碩士
語文別 英文
論文頁數 48頁
口試委員 指導教授-吳清在
口試委員-吳萬益
口試委員-潘浙楠
中文關鍵字 none 
英文關鍵字 WorldCom  Corporate Governance  Investors  Fraud Detection  Enron 
學科別分類
中文摘要 none
英文摘要 In today’s turbulent financial markets, fraud and corporate scandals have become increasing common. New technologies have made it much more difficult for individual investors to detect and safeguard themselves from these increasingly complex scams. Over the past ten years corporate governance principles have been tested, and the weaknesses found in ethical values have made it even more important to be exceedingly aware of the inner workings of corporations. Much research has been done analyzing these companies and their leadership to find the reasons behind the perpetrated fraud. With the help of archival data we can find ways to alert the individual investor, making him more aware of the possibility that accounting figures that seem ‘too good to be true’ – may actually be false. In this paper we examine the internal and external causes of fraud in order to discover methods of early detection and prevention.
論文目次 ACKNOWLEDGEMENTS I
ABSTRACT II
TABLE OF CONTENTS III
LIST OF TABLES V
LIST OF FIGURES VI
CHAPTER ONE 1
1.1 Research Background and Motivation. 1
1.2 Research Project. 2
1.3 Research Structure. 3
CHAPTER TWO 4
2.1 Corporate Governance and the Sarbanes - Oxley Act 2002. 4
2.2 Statement in Accounting Standards No. 99. 7
2.3 Stakeholders. 8
2.4 Gatekeepers. 8
2.5 Role of the CEO and Upper Management. 9
CHAPTER THREE 12
3.1 The Research Framework. 12
3.2 Earnings Manipulation. 13
3.3 Fraud Occurrences. 14
3.4 Propositions to be analyzed. 23
CHAPTER FOUR 24
4.1 Enron. 24
4.1.1 Background and History. 24
4.1.2 Lessons from Enron. 25
4.2 Worldcom. 27
4.2.1 Background and History. 27
4.2.2 Lessons from Worldcom. 29
4.3 Business organizational culture. 31
4.3.1 WorldCom Culture. 31
4.3.2 Enron Culture. 32
4.4 Investing in Enron and WorldCom. 37
4.4.1 Technical analysis of Enron and WorldCom. 39
CHAPTER FIVE 43
5.1 Current implications. 43
5.1.1 Analyzing the Financials. 44
REFERENCES 46


LIST OF TABLES

Table 3-1 Fraud Occurrences (Cash)……………………………………………………...15
Table 3-2 Fraud Occurrences (Accounts Receivables)…....................................................16
Table 3-3 Fraud Occurrences (Inventory)……………………………………….…..…….17
Table 3-4 Fraud Occurrences (Investments/Securities)………………..……….….…..….17
Table 3-5 Fraud Occurrences (Goodwill and Intangibles)..………………………..…......18
Table 3-6 Fraud Occurrences (Goodwill and Intangibles).…………………………….…..19
Table 3-7 Fraud Occurrences (Liabilities)………………………………….…….……......19
Table 3-8 Fraud Occurrences
(Equity, Cost of Goods Sold - Property, Plan, Equipment)..20
Table 3-9 Fraud Occurrences (Revenues/Gains)……………………………………..…....21
Table 3-10 Fraud Occurrences (Expenses)………………………………………….……..22
Table 4-1 Enron and WorldCom Fraud Occurrences (Cash)…………………….….…….35
Table 4-2 Enron and WorldCom Fraud Occurrences (Expenses)…………………………35
Table 4-3 Enron and WorldCom Fraud Occurrences (Revenue/Gains)………….…….….36
Table 4-4 Enron and WorldCom Fraud Occurrences (Liabilities)………….………….….36
Table 4-5 Enron and WorldCom Fraud Occurrences
(CGS/Plant, Property, Equipment)..37
Table 4-6 Enron and WorldCom Fraud Occurrences (Goodwill/Intangibles)…………….37


LIST OF FIGURES

Figure 1-1. Fraud triangle…………….……...……………………………………………...8
Figure 4-1. WorldCom chart……….……...…………………………………………….…39
Figure 4-2. Enron chart …………….……...………………………………………………40
參考文獻 Agrawal, A., & Cooper, T. (2007). Corporate governance consequences of accounting scandals: Evidence from top management, CFO and auditor turnover: SSRN.
Apostolou, N. G., & Crumbly, L. D. (1990). Forensic investing: Red flags.
Apreda, R. (2003). The semantics of governance: The common thread running through corporate and public governance. Universidad del CEMA.
Beasley, M. S. (1996). An Empirical Analysis of the Relation Between the Board of Director composition and Financial Statement Fraud. The Accounting Review, 443-465.
Beresford, D., Katzenback, N., & Rogers, C. J. (2003). The report of investigation by the special committee of the board of directors of WorldCom, Inc.
Boyd, D. P. (2003). Chicanery in the corporate culture: WorldCom or world con? Corporate Governance Year, 3(1), 83-85.
Brady, M., & Postal, A. D. (2005). Regulators ease up on compliance costs: Sarbanes-Oxley internal control audit mandates modified following industry feedback. National Underwriter Property & Casualty-Risk & Benefits Management.
Branson, D. M. (2006). Too many bells? Too many whistles? Corporate governance in the post Enron, Post WorldCom era University of Pittsburgh School of Law, Working Paper Series, 37.
Brickey, K. F. (2003). From Enron to WorldCom and beyond: Life and crime after Sarbanes-Oxley Washington University Law Quarterly, Accepted Paper Series, 81.
Carcello, J. V. (2004). Audit firm tenure and fraudulent financial reporting
Clark, R. C. (2005). Corporate governance changes in the wake of the Sarbanes-Oxley Act: A morality tale for policymakers too: SSRN.
Coffee, J. C. (2003). What caused Enron?: A capsule social and economic history of the1990's. Columbia Law and Economics, 214.
Filho, V. Competition and technical change in telecommunications: Some lessons from WorldCom. Universidade Federal do Rio de Janeiro.
Fusaro, P. C., & Miller, R. M. (2002). What went wrong at Enron: Everyone's guide to the largest bankruptcy in U.S. history: John Wiley & Sons INC.
Glassman, J. K. (2002). The truth about America's corporate scandals. Confederation of Swedish enterprise.
Hayes, K. (2006). Final pitches up next in Enron case. Deseret News Salt Lake City. http://findarticles.com/p/articles/mi_qn4188/is_20060515/ai_n16365592
HealthSouth founder and former CEO Richard Scrushy charged in 2.7 billion accounting fraud conspiracy. (2003). from www.usdoj.gov
Hobson, M. (2001). How can investors spot an Enron? http://www.abcnews.com
Jensen, M., & Murphy, K. (1990). Performance pay and top management incentives. Journal of Political Economy, 98, 225-264.
Kay, J. (2005). Former WorldCom CEO sentenced to 25 years: The rise and fall of Bernie Ebbers.
Lyke, B., & Jickling, M. (2002). WorldCom: The accounting scandal. CRS report for Congress CRS Web.
McCallum, J. S. (2002). Corporate governance policy and the case for caution. Option Politiques.
Ramesh, S., & Prasad, D. B. R. (2002). Markets of year end review of international financial markets and Indian economy and markets during 2002.
Ramos, M. (2003). Auditors’ Responsibility for Fraud Detection Adapted from Fraud Detection in a GAAS Audit—SAS No. 99 Implementation Guide Journal of Accountancy.
Russell, T. (2007). Nortel to pay $35 million for accounting fraud. Epicenter.
Schilit, H. M. (2002). Financial shenanigans : How to detect accounting gimmicks and fraud in financial reports (2nd ed.): McGraw-Hill Inc.
Schneider, C. (2003). Xerox: New lease on life: The copy machine maker has survived a SEC investigation and billion-dollar restatements, and attention is finally shifting from its problems to its products. Retrieved 02/22/2008, from http://www.cfo.com/article.cfm/3010599/c_3036074
Smith, R. C. (2002). "Making corporate governance Work. HWWA Discussion Paper, 204.
Sridhar, V. (2002). The WorldCom collapse: The meltdown of WorldCom, one of the biggest telecom companies in the United States, has rekindled the debate on corporate accountability and raised fears that the corporate system in the U.S is rotting at its core. Frontline Magazine, 19(15).
Statement on Auditing Standards No. 99, Considerations of fraud in a financial statement audit management antifraud programs and controls: Guidance to help prevent and deter fraud. (2002). AICPA Professional Standards, 1.
Stonham, P. (1998). Takeover frenzy in telecons: The case of MCI WorldCom. Part one: Competitive Strategies. European Management Journal, 16(3), 318-326.
Tate, D. (2008). Fraud prevention and detection [Electronic Version], 13. Retrieved 02/13/2008, from http://davidtate.us/
Tracinski, R. (2002). Enron's ethics. Capitalism Magazine.
Weaver, J. (2004). Can energy markets be trusted? The effect of the rise and fall of Enron on energy markets. Houston Business and Tax Law Journal, 4.
Wells, J. T. (2001a). Ghost Goods: How to Spot Phantom Inventory. Journal of Accountancy, 191(6), 33.
Wells, J. T. (2001b). Why Ask? You Ask, because it's part of your job-and it may uncover fraud. Journal of Accountancy, 192(3),88.
Why honesty is the best policy; corporate deceit is a slippery slope. (2002). The Economist. 362(9), 8263.
Yulico, N. (2005). Law to curb Enron-type fraud proves costly. Oakland Tribune.
Zekany, K. E., Braun, L. W., & Warder, Z. T. (2004). Behind closed doors at WorldCom: 2001. Issues in Accounting Education, 19.
論文全文使用權限
  • 同意授權校內瀏覽/列印電子全文服務,於2010-09-01起公開。
  • 同意授權校外瀏覽/列印電子全文服務,於2010-09-01起公開。


  • 如您有疑問,請聯絡圖書館
    聯絡電話:(06)2757575#65773
    聯絡E-mail:etds@email.ncku.edu.tw