ACCOUNTS MANIPULATION AND ITS DETECTION THROUGH AUDIT

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.