ACHspachAccounting History1032-37321749-3374SAGE PublicationsSage UK: London, England10.1177/103237321142340410.1177_1032373211423404Book ReviewBook review: Creative accounting, fraud and international accounting scandalsMaltbyJosephineUniversity of York, UK112011164481482JonesMichael (ed.) Creative accounting, fraud and international accounting scandals, Wiley: Chichester, 2011, pp.: 978-0-470-05675-0© SAGE Publications 20112011SAGE PublicationsThis is a very substantial book – an overview of accounting scandals which includes both a historical survey and chapters on creative accounting and fraud in 12 countries in the late twentieth and/or early twenty-first century. Jones begins with a review in which he identifies an array of practices, including creative or aggressive accounting, earnings management, profit smoothing and impression management, all of which he distinguishes from fraud. These practices are ways of “using the flexibility in accounting within the regulatory framework to manage the measurement and presentation of the accounts so they give primacy to the interests of the preparers not the users” (p.5).For fraud, “an exact definition ... is elusive” (p.7), but for Jones its key feature is that it involves working outside the regulatory framework of accounting – it is illegal activity. The boundary between the two, though, is not always clear – Jones points to the case of Enron, shifting over time from “legitimate” to increasingly doubtful special purpose entities
Book review: Creative accounting, fraud and international accounting scandals
Abstract
ACHspachAccounting History1032-37321749-3374SAGE PublicationsSage UK: London, England10.1177/103237321142340410.1177_1032373211423404Book ReviewBook review: Creative accounting, fraud and international accounting scandalsMaltbyJosephineUniversity of York, UK112011164481482JonesMichael (ed.) Creative accounting, fraud and international accounting scandals, Wiley: Chichester, 2011, pp.: 978-0-470-05675-0© SAGE Publications 20112011SAGE PublicationsThis is a very substantial book – an overview of accounting scandals which includes both a historical survey and chapters on creative accounting and fraud in 12 countries in the late twentieth and/or early twenty-first century. Jones begins with a review in which he identifies an array of practices, including creative or aggressive accounting, earnings management, profit smoothing and impression management, all of which he distinguishes from fraud. These practices are ways of “using the flexibility in accounting within the regulatory framework to manage the measurement and presentation of the accounts so they give primacy to the interests of the preparers not the users” (p.5).For fraud, “an exact definition ... is elusive” (p.7), but for Jones its key feature is that it involves working outside the regulatory framework of accounting – it is illegal activity. The boundary between the two, though, is not always clear – Jones points to the case of Enron, shifting over time from “legitimate” to increasingly doubtful special purpose entitiesPreview Only. This article cannot be rented because we do not currently have permission from the publisher.
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Book review: Creative accounting, fraud and international accounting scandals
Maltby,Josephine
Follow Accounting History
, Volume 16 (4): 481
SAGE – Nov 1, 2011
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