What are the biggest recent accounting scandals in America? When businesspersons turn fraud, it affects a lot of people. Violent crimes can destroy people, but so can economic crimes. Entire families are destroyed just because one person turned greedy. Such accounting scandals even affect the country as a whole because it can affect investor confidence, which can lead to lesser money being poured into the market, leading to a downturn. Insidermonkey experts made a list of 10 biggest recent accounting scandals in America.
In the recent past, America has seen many accounting scandals, each bigger than the other. Since almost all multinational companies have a strong presence in the country, there is a huge scope for scandals. The system is geared towards maximum profit and very little checks by the government, which means that unscrupulous corporate people can get away with fraud for a long time. You can also check our list of top 10 accounting scandals of all time.
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