Corporate Accounting Scandal

Assume that you are taking a written test as part of your interview for a position of mid-level accountant. To test your writing and technical skills, this test asks you to describe and explain a recent corporate accounting scandal in your own words to your future supervisor – Mr. Humphrey, the Chief Financial Officer. Use the library or internet to find an example of a recent (preferred in last 10 years) corporate scandal that involves expense, liabilities, revenue recognition, accounts receivable, or inventory situation.



Sample Solution