Discover how creative accounting exploits loopholes in standards to artificially enhance a company's financial image, and learn about its implications for companies and investors.

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Dr. Melody Bell is a personal finance ...

“Creative accounting” is really bad. Except when it’s good. Say that in a roomful of managers, and you get nervous laughter. For me, it evokes a wonderful old New Yorker cartoon by Robert Weber, where ...

Enron. WorldCom. What comes to your mind when you think of these organizations? The use of variable interest entities and misleading classifications of assets to misstate earnings. Accounting ...

Creative accounting refers to the manipulation of financial statements using gaps or ambiguities in accounting standards to present a more favorable or misleading view of a company’s financial health.

Crunching numbers during a marathon board meeting lacks the drama of an artist reclaiming his sculpture from New York’s Museum of Modern Art. But Takis’s heist, which in 1969 inau­gurated the Art ...

Professor Andy Westwood is Vice Dean for Social Responsibility in the Faculty of Humanities and Professor of Government Practice at The University of Manchester. The recent IFS report on HE subsidies ...