"AS A JOURNALIST I must confess I don′t usually read the accounting books that drop onto my desk on a weekly basis but Michael Jones′ hefty tome – Creative Accounting, Fraud and International Accounting Scandals – is different. Indeed, it is a rare thing in this sector, a real page turner." ( Accountancy Age,
the first [book] to take a global overview of creative accounting, fraud and international accounting scandals. (International Accountant, March 2011).
From the Inside Flap
Flexibility, exploiting loopholes, or deliberate fraud? Mike Jones provides a thorough and understandable pedagogic framework of explanation based on case studies and informed by research. Drawing on international expertise from colleagues he brings out lessons to be learned from case studies, including the most recent global financial crisis. The central story is based on greed and a belief in not being found out, facilitated by accounting devices of overstated income. Omitted expenses, fictitious assets and hidden liabilities.
Pauline Weetman, Professor of Accounting, University of Edinburgh Business School.
As with many things, the devil is in the detail . This is particularly so in the case of creative and fraudulent accounting, and Jones and his contributors provide the necessary detail by a careful selection of instructive cases. They are also clear about the fraudsters objectives, the regulatory framework and provide the necessary historical context as to how the current state of the art has derived and, because of this, why it may be different across countries. The result is not only a particularly useful but interesting examination of an important subject.