Financial Accounting Shenanigans - Business Insider

Accounting improprieties, disclosure failures, and outright misrepresentations have gotten companies into trouble since the beginning of business.

These are the accusations that Hewlett-Packard has made against software company Autonomy.

As the HP story continues to unfold, we are reminded of some past instances when confusing financial and accounting principles got some big companies on the front page for all of the wrong reasons.

In the recent past, companies have been busted for employing questionable accounting tricks, financial engineering, complicated risk metrics, and outright fraud in an effort to hide losses are inflate profits.

Source: http://www.businessinsider.com/financial-accounting-shenanigans-2012-11

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