Accounting Practices |Get Solution

Some companies, at one period or another, have manipulated their financial statements in orderto achieve certain statistic goals, deceiving the investing public, and or stockholders, the Securityand Exchange Commission, the financial analysts, and Wall Street advisors. Please select onecompany to conduct a research paper addressing (but not limited to) the following researchquestions: What creative accounting practices were used by the CEO, CFO, and COO? How wasthe company found out? What penalties, fines, and sentences were assessed and to whom? Whatdid the executive management do to stretch, bend, manipulate, and/or break recommendedaccounting principles to reach their deceptive financial goals?Go to find such a company on Accounting and Auditing Enforcement Releases for the years of2020, 2019, 2018, 2017, and 2016 from SEC website following the link below:https://www.sec.gov/divisions/enforce/friactions.shtml. Make sure that you choose a company(not an individual person), as indicated by Co., Inc., Corp., etc. Also make sure that you can findthe chosen company’s filings via Edgar:https://www.sec.gov/edgar/searchedgar/companysearch.html. You can search your chosencompany’s annual financial statements, quarterly financial statements, and corporate governanceinformation from the 10-K, 10-Q, DEF 14A filings, respectively. From these filings, you cangain an understanding on the company’s background and search for accounting numbers to