Accounting Scandals of All Time

Scandals in the corporate world, whether centered around corruption, bribery, fraud, or other greed tend to have a significant impact on the economy as a whole, and while most companies are destined to fail at some point, there are a few that do so in such a spectacularly corrupt manner that they make headlines. So, if you want to peel back the covers of financial greed, Insidermonkey is here to help you with a list of the greatest accounting scandals of all time.

Accounting scandals are political or business scandals which arise with the disclosure of financial misdeeds by trusted executives of corporations or governments. Such misdeeds typically involve complex methods for misusing or misdirecting funds, overstating revenues, understating expenses, overstating the value of corporate assets or under reporting the existence of liabilities, sometimes with the cooperation of officials in other corporations or affiliates. Putting together any type of Top list is a dicey business. Once you get past the usual subjects, the criteria for the rest of the candidates is a matter of personal opinion. Anyway, the list is in chronological order, rather than trying to break down the scandals into their significance or monetary loss. Instead they wanted to focus on how the scandals happened. If you’re interested in more on this topic afterwards, be sure to read another article on The 10 Biggest Corporate Scandals In Modern History as well.

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