Category: Accounting Fraud

Article – Accounting Fraud

Article – Accounting Fraud Accounting Fraud refers to the deliberate manipulation, alteration, or misrepresentation of financial statements or accounting records to deceive stakeholders about a company’s financial performance or financial health. This deception is often perpetrated for various reasons, such as inflating revenues, understating expenses, boosting profits, hiding losses, or presenting a healthier financial picture […]

SEC-PR-2024-51

Release ID: SEC-PR-2024-51 Release Date: May 3, 2024 Source : https://www.sec.gov/news/press-release/2024-51 Source Access Date: May 9, 2024 Headline: SEC Charges Audit Firm BF Borgers and Its Owner with Massive Fraud Affecting More Than 1,500 SEC Filings Respondents: BF Borgers CPA PC – SEC Order PDF Benjamin F. Borgers – SEC Order PDF Relevant […]

SEC-PR-2024-15

Release ID: SEC-PR-2024-15 Release Date: February 6, 2024 Source : https://www.sec.gov/news/press-release/2024-15 Source Access Date: April 21, 2024 Headline: SEC Charges China-Based Tech Company Cloopen Group with Accounting Fraud. The Commission declines to impose civil penalties because of the company’s self-reporting, cooperation, and remediation Respondents: Cloopen Group Holding Limited – SEC Order PDF SEC-PR-2024-15: Please Contact the administrator […]