BUS7C2 Finance & Accounting for Business, Assignment 1-Essay Sample

Published: 18 Jan, 2025
Category Assignment Subject Accounting
University Wrexham University Module Title BUS7C2 Finance & Accounting for Business
Word Count 2,000 words
Assessment Type Format: Report
Assessment Title Assignment 1-Essay - Accounting scandal

Introduction  

Accounting scandals of a company provide information about the unethical financial practices that hamper the accounting and reporting system of the organisation. Most accounting scandals conceal liabilities, manipulate financial and accounting statements, misrepresent organisational financial health, and inflate revenues.............View more

Table of Contents

  • Introduction 
  • Background of the HealthSouth accounting scandal 
  • Background of the HealthSouth Company
  • Overview of the HealthSouth Accounting Scandal
  • Parties Involved in the Scandal
  • Result of the Scandal Including the Present Situation
  • Accounting/auditing irregularities
  • Ficticious Revenue Irregularity
  • Capital Structure Misinterpretation
  • External Auditor Negligence
  • Lack of Internal Controls
  • Lessons learned 
  • Internal Control Improvements
  • Whistleblower Protection Mechanism
  • Conclusion
  • References

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