Unmasking the Fraud at Toshiba

Autor: David J. Marcinko, Dennis Caplan, Saurav K. Dutta
Rok vydání: 2019
Předmět:
Zdroj: Issues in Accounting Education. 34:41-57
ISSN: 1558-7983
0739-3172
DOI: 10.2308/iace-52429
Popis: Following its purchase of Westinghouse Electric Company and subsequent macroeconomic events, Toshiba faced declining profits. In response, Toshiba engaged in earnings management through two accounting treatments. First, it delayed the recognition of losses under long-term contracts. Second, it inappropriately applied price masking to account for transfers of components between itself and contract manufacturers. Students using this case will assess how business risks and corporate culture relate to audit risk, and how accounting for price-masking transactions can lead to increased fraud risk. Students will also research aspects of auditing standards related to fraud and accounting estimates. The case is designed for auditing courses and capstone courses with an auditing component.
Databáze: OpenAIRE
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