"As the monetary cost of fraud escalates globally, and the ensuing confidence in financial markets deteriorates, the international demand for quality in financial statements intensifies. But what constitutes quality in financial statements? This book examines financial statement fraud, a topical...

1. Management and fraud -- 2. Stakeholders, governance, and corporate culture -- 3. Quality in financial statements -- 4. Fundamental elements: assets, revenue, and expenses -- 5. Financial obligations : liabilities -- 6. Phoenix activity : companies in crisis -- 7. Fraud and the phoenix rising.

1. A crucial aspect of financial accounting -- 2. Financial statements and tests of insolvency : an analysis of the 'balance sheet' and 'cash flow' tests -- 3. Solvency and the duty of company directors -- 4. The essence of solvency -- 5. Circumstances of One.Tel and HIH -- 6. Dilemma in...