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Essay

Parmalat fraud

Essay specific features

 

Issue:

Business

 

Written by:

Tracy B

 

Date added:

August 9, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 475

 

Was viewed:

1717 times

 

Rating of current essay:

 
Essay content:

The firm did not confirm the forged documents with outside third parties such as banks and other creditors. It also made questionable ethical decisions by auditing Bonlat, a spin-off of Parmalat SpA. Despite being within Italian law, Thornton gave up its status of head auditor, yet increased its audit share over twofold...
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It also made questionable ethical decisions by auditing Bonlat, a spin-off of Parmalat SpA. Despite being within Italian law, Thornton gave up its status of head auditor, yet increased its audit share over twofold. Also, by relying on Parmalat to mail confirmation letters to various creditors, Thornton could have been directly involved in the fraud...
displayed 300 characters

General issues of this essay:
Accountants and Auditors fraud detection in banking transactions Gross National Happiness Gross domestic product MANDATORY ROTATION OF AUDITORS Parmalat To Sue Auditors Parmalat fraud Research on Parmalat The Institute Of Internal Auditors Working for Goldman Sachs without any financial background Parmalat The Gross Clinic The statement of financial performance is based on data relating to past transactions and events. Hence the statement of financial performance is of no use to an investor’s decision making process. skepticism Why Not GNP (Gross National Happiness)?
 

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