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This study examines the earnings management behaviour of 455 distressed US firms that filed for bankruptcy during the … stock returns. Our results are consistent with downwards earnings management 1 year prior to the bankruptcy-filing. Results … also show that (a) firms receiving unqualified audit opinions 4 or 5 years prior to the bankruptcy-filing event manage …
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About this book -- Regulation, regulators and reporting -- Manipulating reports and creative accounting -- Landmark scandals : the impact of earlier cases -- Tesco, HBOS and autonomy -- Carillion: the collapse -- Carillion: the blame game -- Recent cases: Steinhoff and Conviviality --...
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