A fortune 500 CFO admitsto having deliberately treated $4 billion in operating expenses as assets, thereby allowing the corporation to show profits instead of losses. The auditor never detected this. The corporation’s stock drops 95 percent
May 19th, 2022
A fortune 500 CFO admitsto having deliberately treated $4 billion in operating expenses as assets, thereby allowing the corporation to show profits instead of losses. The auditor never detected this. The corporation’s stock drops 95 percent