manipulation of nancial statements
 
science
Showing the best view
 
'ebt holders
Actual 1rots
Smoothed prots
 
 To 2eep in line with industry8 competitors
 
 To avoid violation of debt covenants
 To get better credit ratings
 
Share price related
1rot related 9over a minimum level and up to a maximum amount:
1rot share arrangement such as lm companies
%ncentives driven by management compensation
 
 
"inancial %nterests
=uality and level of disclosure provided
7igh >uality
)overnance >uality 6 board characteristics Audit >uality #ompany
characteristics %nstitutional
manipulation of nancial statements
 
Seminar Wor2 #omplete the exercise 3'enny and Ayr5 in the
assignments section of studynet&
Ensure you submit this prior to next wee2s seminar
 There is an exercise and a >uestion 9answer to the written element no more than -.+ words: