Week 1 – Accounting Fraud Scandal.docx

Week 1 – Accounting Fraud Scandal.docx - Week 1 –...

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Week 1 – Accounting Fraud Scandal Week 1 – Accounting Fraud Scandal Waste Management Scandal (1998) Company: Houston-based publicly traded waste management company What happened: Reported $1.7 billion in fake earnings. Main players: Founder/CEO/Chairman Dean L. Buntrock and other top executives; Arthur Andersen Company (auditors) How they did it: The company allegedly falsely increased the depreciation time length for their property, plant and equipment on the balance sheets.
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  • Winter '15
  • Arthur Andersen, Accounting scandals, Andersen Company, main players

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