Abstract:
This research paper examines different aspects of accounting manipulation practiced by some
companies. Many of such practices are culpable under the law. However, companies use various forms
of accounting subterfuge to deceive shareholders and the public.
The paper indicates broadly the various kinds of fraud in this connection. An attempt is made in
this paper to indicate various laws framed to penalize accounting fraud. It also gives an example of
major fraud committed in this context by one of the world’s largest company, ENRON.
The report ends by giving certain recommendations as good practices to prevent accounting
fraud.
