Financial Reporting Issues Quantam
Under this mini-Project, each group will be assigned real life examples of accounting and financial reporting
issues (viz. distortions, fraudulent manipulation or GAAP violation etc.) committed by a US (publicly traded)
corporation disclosed in the business press or regulatory websites during a calendar year. Group members will
review and discuss accounting distortions stated in the assigned case/news, prepare a detailed report and
make a presentation in the class.
The report should be organized in such a way so that audience can have a very good understanding about
1.General overview of accounting distortions identified;
Nature, type and intensity of accounting misstatement or distortion;
2.Underling incentives for committing such accounting misreporting;
3.Internal control issues relating to the accounting misreporting;
4.Consequences or Impact on market or stockholders;
5.How the misstatement/misreporting/distortions were detected;
6.Corrective measures taken to prevent future misstatement;
7.Your comment with conclusion.