INFLATED EARNINGS
May 1st, 2003
BY KEITH NUTHALLA NEW report on accountancy fraud has found that US companies are so desperate to inflate their earnings they are prepared to pay millions of dollars in tax on this fantasy income. Is this the ultimate example of pure greed trampling over common sense or are such businesses once more ahead of the game? Mark Rowe reports.EVERY good conman knows he must cover his tracks and this means that accountants who exaggerate their company earnings are faced with a quandary. Pretending your company has made more money that it really has brings with it ...
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