Table of contents for Accounting irregularities in financial statements : a definitive guide for litigators, auditors, and fraud investigators / by Benny K.B. Kwok.

Bibliographic record and links to related information available from the Library of Congress catalog.

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Counter
Table of Contents
Acknowledgements
Preface
List of Cases
List of Diagrams
List of Tables
CHAPTER ONE
OVERVIEW OF FINANCIAL REPORTING ENVIRONMENTS
IN HONG KONG AND THE UK
* Generally Accepted Accounting Principles - GAAP
* Financial Reporting Environments in Hong Kong
* Companies Ordinance
* Accounting standards
* Listing rules
* Financial Reporting Environments in the UK
* Companies Act
* Accounting standards
* The Stock Exchange listing requirements - Yellow Book
* International Perspective
* Theft and False Accounting
* Theft
* False accounting
* Other offences
* Conclusion
CHAPTER TWO
BASICS OF ACCOUNTING IRREGULARITIES
* Purposes of Accounting
* Accounting Irregularities
* Accounting Policies in Financial Statements
* Fundamental Concepts in Financial Reporting
* Going-concern
* Accruals (or matching)
* Consistency (or comparability)
* Prudence
* Materiality
* Offsetting
* Double-entry Book-keeping and Accounting Equation
* Purchases and payments cycle
* Sales and receipts cycle
* Accounting equation and financial statements
* Conclusion
CHAPTER THREE
"SELLING MORE"
* Overstatement of Sales Revenue
* Relevant GAAP in Hong Kong and the UK
* Recognition and Measurement of Sales
* Accounting Irregularities
* Phantom sales
* Revocable sales
* Conclusion
CHAPTER FOUR
"COSTING LESS"
* Understatement of Expenditure
* Relevant GAAP in Hong Kong and the UK
* Accounting Irregularities
* Off-book expenditure
* Aggressive capitalization of expenditure
* Lax policy in charging expenses
* Conclusion
CHAPTER FIVE
"OWNING MORE"
* Overstatement of Assets
* Relevant GAAP in Hong Kong and the UK
* Tangible Fixed Assets
* Overstating physical count of tangible fixed assets
* Inflating unit value of tangible fixed assets
* Delaying depreciation or amortization of tangible fixed assets
* Inventories
* Overstating physical count of inventories
* Inflating unit value of inventories
* Delaying write-off of inventories
* Trade debtors
* Fictitious receivables
* Failure to write off
* Conclusion
CHAPTER SIX
"OWING LESS"
* Understatement of Liabilities
* Relevant GAAP in Hong Kong and the UK
* Trade Creditors
* Accruals and Provisions
* Contingent Liabilities
* Off-balance-sheet financing
* Leasing
* Quasi-subsidiaries
* Conclusion
CHAPTER SEVEN
"PRESENTING IT BETTER"
* Manipulation of Classification and Disclosure
* Presentation of Profit
* Components of profits
* Nature of occurrence
* Reserve accounting
* Other Areas in Manipulation of Classification and Disclosure
* Novelty in terminology
* Aggressive net-off
* Abuse of materiality concept
* Misclassification of accounts
* Conclusion
CHAPTER EIGHT
OTHER TYPES OF ACCOUNTING IRREGULARITIES
* Tax evasion
* Theft
* Ghost employees
* Skimming of proceeds
* Theft of assets
* Commercial Disputes
* Conclusion
CHAPTER NINE
DETERRENTS TO ACCOUNTING IRREGULARITIES
* Responsibilities for Deterrents to Accounting Irregularities
* Auditors' responsibilities towards accounting irregularities
* Responsibilities of those charged with governance and of management towards accounting irregularities
* Deterring, Detecting and Investigating Accounting Irregularities
* Micro-deterrents to Accounting Irregularities
* Internal controls
* People and culture
* People
* Culture
* Macro-deterrents to Accounting Irregularities
* Standardization
* Auditing standards
* Globalization of standards
* Governance
* Audit committees
* Non-executive directors
* Management of risks
* Conclusion
Glossary of Terms

Library of Congress Subject Headings for this publication:

Corporations -- Accounting -- Corrupt practices.
Financial statements.
Fraud.
Auditing, Internal.