carillion accounting scandal explained: Bandit Capitalism Bob Wylie, 2020-06 The Carillion scandal is the latest in a series of major financial collapses which have signalled a crisis in current capitalism. This book examines the causes and consequences of this crisis. |
carillion accounting scandal explained: Greed and Corporate Failure S. Hamilton, A. Micklethwait, 2016-01-18 This book is for anyone who wants to know what truly lies behind the scandals and disasters of global business which marred the first few years of the 21st century. It examines why companies fail, finding the reasons few, yet all too common. It also explores what the prudent investor, board member or manager should be alert to but often is not. |
carillion accounting scandal explained: Lying for Money Dan Davies, 2021-03-09 An entertaining, deeply informative explanation of how high-level financial crimes work, written by an industry insider who’s an expert in the field. The way most white-collar crime works is by manipulating institutional psychology. That means creating something that looks as much as possible like a normal set of transactions. The drama comes later, when it all unwinds. Financial crime seems horribly complicated, but there are only so many ways you can con someone out of what’s theirs. In Lying for Money, veteran regulatory economist and market analyst Dan Davies tells the story of fraud through a genealogy of financial malfeasance, including: the Great Salad Oil swindle, the Pigeon King International fraud, the fictional British colony of Poyais in South America, the Boston Ladies’ Deposit Company, the Portuguese Banknote Affair, Theranos, and the Bre-X scam. Davies brings new insights into these schemes and shows how all frauds, current and historical, belong to one of four categories (“long firm,” counterfeiting, control fraud, and market crimes) and operate on the same basic principles. The only elements that change are the victims, the scammers, and the terminology. Davies has years of experience picking the bones out of some of the most famous frauds of the modern age. Now he reveals the big picture that emerges from their labyrinths of deceit and explains how fraud has shaped the entire development of the modern world economy. |
carillion accounting scandal explained: Financial Statement Fraud Zabihollah Rezaee, Richard Riley, 2009-09-11 Practical examples, sample reports, best practices and recommendations to help you deter, detect, and prevent financial statement fraud Financial statement fraud (FSF) continues to be a major challenge for organizations worldwide. Financial Statement Fraud: Prevention and Detection, Second Edition is a superior reference providing you with an up-to-date understanding of financial statement fraud, including its deterrence, prevention, and early detection. You will find A clear description of roles and responsibilities of all those involved in corporate governance and the financial reporting process to improve the quality, reliability and transparency of financial information. Sample reports, examples, and documents that promote a real-world understanding of incentives, opportunities, and rationalizations Emerging corporate governance reforms in the post-SOX era, including provisions of the SOX Act, global regulations and best practices, ethical considerations, and corporate governance principles Practical examples and real-world how did this happen discussions that provide valuable insight for corporate directors and executives, auditors, managers, supervisory personnel and other professionals saddled with anti-fraud responsibilities Expert advice from the author of Corporate Governance and Ethics and coauthor of the forthcoming Wiley textbook, White Collar Crime, Fraud Examination and Financial Forensics Financial Statement Fraud, Second Edition contains recommendations from the SEC Advisory Committee to reduce the complexity of the financial reporting process and improving the quality of financial reports. |
carillion accounting scandal explained: The Pin-Stripe Mafia Austin Vernon Mitchell, Prem Sikka, 2011 Takes the lid off the corrupt practices of major accountancy firms that are impoverishing nations, undermining governments and condemning millions of people to misery. |
carillion accounting scandal explained: The Seven Signs of Ethical Collapse Marianne M. Jennings, 2006-08-22 Do you want to make sure you · Don't invest your money in the next Enron? · Don't go to work for the next WorldCom right before the crash? · Identify and solve problems in your organization before they send it crashing to the ground? Marianne Jennings has spent a lifetime studying business ethics---and ethical failures. In demand nationwide as a speaker and analyst on business ethics, she takes her decades of findings and shows us in The Seven Signs of Ethical Collapse the reasons that companies and nonprofits undergo ethical collapse, including: · Pressure to maintain numbers · Fear and silence · Young 'uns and a larger-than-life CEO · A weak board · Conflicts · Innovation like no other · Belief that goodness in some areas atones for wrongdoing in others Don't watch the next accounting disaster take your hard-earned savings, or accept the perfect job only to find out your boss is cooking the books. If you're just interested in understanding the (not-so) ethical underpinnings of business today, The Seven Signs of Ethical Collapse is both a must-have tool and a fascinating window into today's business world. |
carillion accounting scandal explained: Managing Public Money Great Britain. Treasury, 2007 Dated October 2007. The publication is effective from October 2007, when it replaces Government accounting. Annexes to this document may be viewed at www.hm-treasury.gov.uk |
carillion accounting scandal explained: The Smartest Guys in the Room Bethany McLean, Peter Elkind, 2013-10-31 What went wrong with American business at the end of the 20th century? Until the spring of 2001, Enron epitomized the triumph of the New Economy. Feared by rivals, worshipped by investors, Enron seemingly could do no wrong. Its profits rose every year; its stock price surged ever upward; its leaders were hailed as visionaries. Then a young Fortune writer, Bethany McLean, wrote an article posing a simple question - how, exactly, does Enron make its money? Within a year Enron was facing humiliation and bankruptcy, the largest in US history, which caused Americans to lose faith in a system that rewarded top insiders with millions of dollars, while small investors lost everything. It was revealed that Enron was a company whose business was an illusion, an illusion that Wall Street was willing to accept even though they knew what the real truth was. This book tells the extraordinary story of Enron's fall. 'The best book about the Enron debacle to date' BusinessWeek 'The authors write with power and finesse. Their prose is effortless, like a sprinter floating down the track' USA Today 'Well-reported and well-written' Warren Buffett |
carillion accounting scandal explained: Creative Accounting, Fraud and International Accounting Scandals Michael J. Jones, 2011-11-01 Business scandals are always with us from the South Sea Bubble to Enron and Parmalat. As accounting forms a central element of any business success or failure, the role of accounting is crucial in understanding business scandals. This book aims to explore the role of accounting, particularly creative accounting and fraud, in business scandals. The book is divided into three parts. In Part A the background and context of creative accounting and fraud is explored. Part B looks at a series of international accounting scandals and Part C draws some themes and implications from the country studies. |
carillion accounting scandal explained: The Finance Curse Nicholas Shaxson, 2019-11-05 An “artfully presented [and] engaging” look at the insidious effects of financialization on our lives and politics by the author of Treasure Islands (The Boston Globe). How didthe banking sector grow from a supporter of business to the biggest business in the world? Financial journalist Nicholas Shaxson takes us on a terrifying journey through the world economy, exposing tax havens, monopolists, megabanks, private equity firms, Eurobond traders, lobbyists, and a menagerie of scoundrels quietly financializing our entire society, hurting both business and individuals. Shaxson shows how we got here, telling the story of how finance re-engineered the global economic order in the last half-century, with the aim not of creating wealth but extracting it from the underlying economy. Under the twin gospels of “national competitiveness” and “shareholder value,” megabanks and financialized corporations have provoked a race to the bottom between states to provide the most subsidized environment for big business, encouraged a brain drain into finance, fostered instability and inequality, and turned a blind eye to the spoils of organized crime. From Ireland to Iowa, he shows the insidious effects of financialization on our politics and on communities who were promised paradise but got poverty wages instead. We need a strong financial system—but when it grows too big it becomes a monster. The Finance Curse is the explosive story of how finance got a stranglehold on society, and reveals how we might release ourselves from its grasp. Revised with new chapters “[Discusses] corrupt financiers in London and New York City, geographically obscure tax havens, the bizarre realm of wealth managers in South Dakota, a ravaged newspaper in New Jersey, and a shattered farm economy in Iowa . . . A vivid demonstration of how corruption and greed have become the main organizing principles in the finance industry.” —Kirkus Reviews |
carillion accounting scandal explained: Big Data in Organizations and the Role of Human Resource Management Tobias M. Scholz, 2017 Big data are changing the way we work. This book conveys a theoretical understanding of big data and the related interactions on a socio-technological level as well as on the organizational level. Big data challenge the human resource department to take a new role. An organization's new competitive advantage is its employees augmented by big data. |
carillion accounting scandal explained: The UK's Changing Democracy Patrick Dunleavy, Alice Park, Ros Taylor, 2018-11-01 The UK’s Changing Democracy presents a uniquely democratic perspective on all aspects of UK politics, at the centre in Westminster and Whitehall, and in all the devolved nations. The 2016 referendum vote to leave the EU marked a turning point in the UK’s political system. In the previous two decades, the country had undergone a series of democratic reforms, during which it seemed to evolve into a more typical European liberal democracy. The establishment of a Supreme Court, adoption of the Human Rights Act, Scottish, Welsh and Northern Irish devolution, proportional electoral systems, executive mayors and the growth in multi-party competition all marked profound changes to the British political tradition. Brexit may now bring some of these developments to a juddering halt. The UK’s previous ‘exceptionalism’ from European patterns looks certain to continue indefinitely. ‘Taking back control’ of regulations, trade, immigration and much more is the biggest change in UK governance for half a century. It has already produced enduring crises for the party system, Parliament and the core executive, with uniquely contested governance over critical issues, and a rapidly changing political landscape. Other recent trends are no less fast-moving, such as the revival of two-party dominance in England, the re-creation of some mass membership parties and the disruptive challenges of social media. In this context, an in-depth assessment of the quality of the UK’s democracy is essential. Each of the 2018 Democratic Audit’s 37 short chapters starts with clear criteria for what democracy requires in that part of the nation’s political life and outlines key recent developments before a SWOT analysis (of strengths, weaknesses, opportunities and threats) crystallises the current situation. A small number of core issues are then explored in more depth. Set against the global rise of debased semi-democracies, the book’s approach returns our focus firmly to the big issues around the quality and sustainability of the UK’s liberal democracy. |
carillion accounting scandal explained: Governance and Auditing Peter Moizer, 2005 This authoritative new collection contains reprints of seminal articles on the subject of auditing and its relationship to the way in which outside stakeholders monitor the activities of corporate management. Whilst the primary audience is students in upper-level undergraduate and graduate accounting courses, the book should also be of use to existing researchers, as it collects together the 'must read' articles on the subject in a readily accessible form. The articles have been selected to cover four broad topic areas: (i) the role of auditing in the governance process, (ii) audit quality and auditor reputation, (iii) governance and audit committees and (iv) the relationship between internal and external auditors. The readings show that much work has been done and that there now exists a substantial body of knowledge of how auditing can contribute to corporate governance. The volume makes an important contribution to an issue that will continue to raise challenges in the years ahead. 25 articles, dating from 1971 to 2003 |
carillion accounting scandal explained: A New Kind of Bleak: Journeys Through Urban Britain Owen Hatherley, 2012-07-31 An anatomy of failed-state Britain, by the author of A Guide to the New Ruins of Great Britain. In A Guide to the New Ruins of Great Britain, Owen Hatherley skewered New Labour’s architectural legacy in all its witless swagger. Now, in the year of the Diamond Jubilee and the London Olympics, he sets out to describe what the Coalition’s altogether different approach to economic mismanagement and civic irresponsibility is doing to the places where the British live. In a journey that begins and ends in the capital, Hatherley takes us from Plymouth and Brighton to Belfast and Aberdeen, by way of the eerie urbanism of the Welsh valleys and the much-mocked splendour of modernist Coventry. Everywhere outside the unreal Southeast, the building has stopped in towns and cities, which languish as they wait for the next bout of self-defeating austerity. Hatherley writes with unrivalled aggression about the disarray of modern Britain, and yet this remains a book about possibilities remembered, about unlikely successes in the midst of seemingly inexorable failure. For as well as trash, ancient and modern, Hatherley finds signs of the hopeful country Britain once was and hints of what it might become. |
carillion accounting scandal explained: Everyday Socialism Rachel Reeves, 2019 |
carillion accounting scandal explained: Valuing People in Construction Fidelis Emuze, John Smallwood, 2017-08-09 Valuing People in Construction provides contemporary perspectives on the ‘glue’ that binds the construction process together; people. The book addresses people issues in the construction industry where behavioural outcomes impact upon business and project performance. The main proposition of the book is that as people continue to lead the completion of construction activities, their health, safety, and well-being should be seen as a priority, and valued by stakeholders. As employers and employees, the role of people in construction must be to strive for the improvement of individual lives and society. This edited collection, which is the first book to focus specifically on placing value on people in construction, focuses on people at work, gender at work, conditions at work, and respect at work. In addition to an editorial overview, the book presents tested and refined empirical work and case studies by leading construction researchers from Africa, Australia, and Europe. Essential reading for researchers, students and professionals interested in construction management, the sociology of construction, HRM in construction, gender, work and health studies. |
carillion accounting scandal explained: How Corrupt is Britain? David Whyte, 2015 This edited collection looks at corruption in different arms of the British state, and calls for fundamental political change. |
carillion accounting scandal explained: The Mediation of Poverty Joanna Redden, 2014-02-19 The Mediation of Poverty: The News, New Media and Politics discusses the influence of the increasing use of digital technologies on media and political responses to poverty in the United Kingdom and Canada. Poverty politics are considered at symbolic and structural levels. Through a frame analysis of mainstream and alternative news content, the book identifies which narratives dominate poverty coverage, what is missing from mainstream news coverage, and what can be learned by looking at alternative sources of news and information. The Mediation of Poverty argues that news coverage privileges and embeds neoliberal approaches to the issue of poverty in Canada and the United Kingdom. Interviews with journalists, politicians, researchers, and activists enable discussion, on a micro level, of the changing nature of news, politics, and activism, and how these changes are influencing poverty politics. The book raises concerns about how the speed of digitally-mediated working environments is reshaping—even foreclosing—opportunities for communication, reflection, and contestation in a way that reinforces the dominance of market-based thinking, and limits political responses to poverty. |
carillion accounting scandal explained: Pantomime Karl Toepfer, 2019-08-19 This book offers perhaps the most comprehensive history of pantomime ever written. No other book so thoroughly examines the varieties of pantomimic performance from the early Roman Empire, when the term “pantomime” came into use, until the present. After thoroughly examining the complexities and startlingly imaginative performance strategies of Roman pantomime, the author identifies the peculiar political circumstances that revived and shaped pantomime in France and Austria in the eighteenth century, leading to the Pierrot obsession in the nineteenth century. Modernist aesthetics awakened a huge, highly diverse fascination with pantomime. The book explores an extraordinary variety of modernist and postmodern approaches to pantomime in Germany, Austria, France, numerous countries of Eastern Europe, Russia, Scandinavia, Spain, Belgium, The Netherlands, Chile, England, and The United States. Making use of many performance and historical documents never before included in pantomime histories, the book also discusses pantomime’s messy relation to dance, its peculiar uses of music, its “modernization” through silent film aesthetics, and the extent to which writers, performers, or directors are “authors” of pantomimes. Just as importantly, the book explains why, more than any other performance medium, pantomime allows the spectator to see the body as the agent of narrative action. |
carillion accounting scandal explained: The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability Beate Sjåfjell, Christopher M. Bruner, 2019-12-12 The emerging field of corporate law, corporate governance and sustainability is one of the most dynamic and significant areas of law and policy in light of the convergence of environmental, social and economic crises that we face as a global society. Understanding the impact of the corporation on society and realizing its potential for contributing to sustainability is vital for the future of humanity. This Handbook comprehensively assesses the state-of-the-art in this field through in-depth discussion of sustainability-related problems, numerous case studies on regulatory responses implemented by jurisdictions around the world, and analyses of predominant strategies and potential drivers of change. This Handbook will be an essential reference for scholars, students, practitioners, policymakers, and general readers interested in how corporate law and governance have exacerbated global society's most pressing challenges, and how reforms to these fields can help us resolve those challenges and achieve sustainability. |
carillion accounting scandal explained: Understanding Community Colleges John S. Levin, Susan Kater, 2012 Understanding Community Colleges provides a comprehensive review of the community college landscape--management and governance, finance, student demographics and development, teaching and learning, policy, faculty, and workforce development--and bridges the gap between research and practice. This contributed volume brings together highly respected scholars in the field who rely upon substantial theoretical perspectives--critical theory, social theory, institutional theory, and organizational theory--for a rich and expansive analysis of community colleges. The latest text to publish in the Core Concepts in Higher Education series, this exciting new text fills a gap in the higher education literature available for students enrolled in Higher Education and Community College graduate programs. This text provides students with: A review of salient research related to the community college field. Critical theoretical perspectives underlying current policies. An understanding of how theory links to practice, including focused end-of-chapter discussion questions. A fresh examination of emerging issues and insight into contemporary community college practices and policy. |
carillion accounting scandal explained: Forensic Accounting, Global Edition Robert Rufus, Laura Miller, William Hahn, 2015-01-26 For courses in Forensic Accounting As a result of increased litigation and regulatory enforcement, the demand for forensic accountants has never been higher. This area of specialty is considered the top niche market in the accounting profession. The new Forensic Accounting is the first text of its kind to provide a comprehensive view of what forensic accountants actually do and how they do it. With experience as both practitioners and educators, authors Robert Rufus, Laura Miller, and William Hahn offer a unique perspective that bridges the gap between theory and practice. They present concepts in the context of a scientific approach, emphasising critical thinking, reasoning, and problem solving—skills that are useful in a wide variety of academic and professional environments. And because its content is consistent with the AICPA curriculum for the Certified in Financial Forensics (CFF) credential, this text gives your students a head start on the path toward career advancement. Forensic Accounting facilitates an outstanding teaching and learning experience—for you and your students. It will help you to: Introduce the requisite forensic accounting skills: The text identifies a three-layer skill set and provides students instruction in the key areas of forensic accounting expertise. Offer an inside view into forensic accounting practice: Integrated case studies and sample documents give students a glimpse into the actual practice of forensic accounting. Highlight the importance of a scientific approach: The authors explain the benefits of utilising a scientific approach and provide opportunities for students to practice its application. Foster thorough understanding via learning aids: Various tools, throughout the text and at the end of each chapter, support students as they learn and review. The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed. |
carillion accounting scandal explained: The Future of the Commercial Contract in Scholarship and Law Reform Maren Heidemann, Joseph Lee, 2018-11-02 This book explores commercial contract law in scholarship and legal practice, suggests new research agendas and provides a forum for debate of typical issues that might benefit from further attention by scholarship and legislatures. The authors from over ten different jurisdictions take an international and comparative approach. Not confined to EU law it re-opens the debate internationally and seeks to reclaim the wider meaning of European law as rooted in geography and cultural legal heritage. There is a need to focus on commercial contracts in more detail in research and legislation. The transactional approach, the role of recent law reform, including the new French Civil Code, cross-border dealings, substantive contract law in public international law and ICSID arbitration as well as current contractual practices like OEM, CSR, contractual co-operation, sustainability and intra-corporate arbitration contribute to a wider regulatory outlook for commercial transactions. |
carillion accounting scandal explained: How to Dismantle the NHS in 10 Easy Steps Youssef El-Gingihy, 2018-11-30 Events have spiralled since the first edition of How to Dismantle the NHS in 10 Easy Steps. The junior doctors' strike, the Conservative victory in the 2015 general election, the Corbyn phenomenon, the unexpected Brexit vote and the arguably even more unexpected loss of the Conservative majority in 2017. Further, since writing the first edition, Dr. Youssef El-Gingihy found himself stricken with a life-threatening illness and the NHS doctor became the NHS patient. The fight to save the NHS transformed into a fight for his own life. Now, fully recovered, Dr. Youssef El-Gingihy returns to his 10 Easy Steps in order to strengthen his original argument and continue what Labour leader, Jeremy Corbyn, deems 'one of the most fundamental battles we face in a struggle for a British society that works for the many'. In the year of the 70th anniversary of the NHS, Dr El-Gingihy's insights have never been more vital as our national health service continues to be hit by the privatisation of public services. New expanded second edition with chapters on junior doctor's strikes and plans for US-style healthcare. |
carillion accounting scandal explained: Financial Failures and Scandals Krish N. Bhaskar, John Flower, 2019 This concise volume evaluates the cause and significance of recent corporate failures and financial scandals, and how they reflect on the fitness for purpose of the external auditors, financial reports, financial watchdogs, boards, directors and senior management. Failures like the disastrous collapse of Carillion, examined at length, have ultimately led to a crisis of confidence not only in the audit process but in the entire process of financial reporting. Revealing the shortcomings in audit quality, independence, choice and the growing expectation gap, Financial Failures and Scandalsquestions if the profession, its regulators or government watchdogs, are adequately prepared for the challenges of increasing regulation, public outcry and political scrutiny in the face of inevitable future financial failures. The fundamental structures of financial reporting, annual reports, boards of directors and senior management are often found to have failed. Tighter regulation and new requirements for reporting will inevitably result. Drawing on extensive research and interviews with insiders, users and experts, this unique book provides a compelling account of the profoundly disruptive impact of financial failures on corporate and financial accountability. Topical and readable, this book will be of great interest to students, researchers and professionals in accounting and auditing, as well as to policy makers and regulators. e failed. Tighter regulation and new requirements for reporting will inevitably result. Drawing on extensive research and interviews with insiders, users and experts, this unique book provides a compelling account of the profoundly disruptive impact of financial failures on corporate and financial accountability. Topical and readable, this book will be of great interest to students, researchers and professionals in accounting and auditing, as well as to policy makers and regulators. |
carillion accounting scandal explained: Aiming for Global Accounting Standards Kees Camfferman, Stephen A. Zeff, 2015 This book provides a historical study of the body that sets International Financial Reporting Standards (IFRSs) - the basis for financial reporting. It provides extensive background information to help practitioners, policy-makers, researchers, and educators form a deeper understanding of the people, the forces, and events that have shaped IFRSs. |
carillion accounting scandal explained: New Aspects of Quantity Surveying Practice Duncan Cartlidge, 2017-11-28 In this fourth edition of New Aspects of Quantity Surveying Practice, renowned quantity surveying author Duncan Cartlidge reviews the history of the quantity surveyor, examines and reflects on the state of current practice with a concentration on new and innovative practice, and attempts to predict the future direction of quantity surveying practice in the UK and worldwide. The book champions the adaptability and flexibility of the quantity surveyor, whilst covering the hot topics which have emerged since the previous edition’s publication, including: the RICS ‘Futures’ publication; Building Information Modelling (BIM); mergers and acquisitions; a more informed and critical evaluation of the NRM; greater discussion of ethics to reflect on the renewed industry interest; and a new chapter on Dispute Resolution. As these issues create waves throughout the industry whilst it continues its global growth in emerging markets, such reflections on QS practice are now more important than ever. The book is essential reading for all Quantity Surveying students, teachers and professionals. It is particularly suited to undergraduate professional skills courses and non-cognate postgraduate students looking for an up to date understanding of the industry and the role. |
carillion accounting scandal explained: Steinhoff inside SA's biggest corporate crash James-Brent Styan, 2018-07-18 On 5 December 2017 the Steinhoff group was still worth R199 billion. 24 hours later more than R160 billion of this fortune was wiped out. The Steinhoff empire, that took 20 years to build into an international business giant, had crumbled overnight. Markus Jooste, Steinhoff’s flashy CEO, resigned via sms and has since been fleeing an avalanche of scandals and accusations: luxury homes for a blonde mistress, allegations of fraud, racing horses and unparalleled extravagance, a lavish, black Jaguar for an old university residence”¦ What exactly happened here? Who knew what? What is Steinhoff, who is Markus Jooste and what does it all have to do with the so called Stellenbosch mafia? Where does business tycoon Christo Wiese, Shoprite and Pepkor fit in and where is the pensioners’ money? Well-known financial writer James-Brent Styan unpacks these and other questions in this astounding tale of power and greed, of secrets and deceit, and ultimately the biggest financial breakdown in the history of South Africa. Through interviews with trustworthy sources, revelations from confidential documents and in-depth research about Steinhoff’s history, Styan uncovers what the group doesn’t want you to know. Follow the money: the story of Steinhoff, Markus Jooste and the Stellenbosch boys is a gripping financial thriller that will be told as cautionary tale or salacious scandal in both boardrooms and living rooms for decades to come. |
carillion accounting scandal explained: Bad Blood John Carreyrou, 2018-05-21 NATIONAL BESTSELLER • The gripping story of Elizabeth Holmes and Theranos—one of the biggest corporate frauds in history—a tale of ambition and hubris set amid the bold promises of Silicon Valley, rigorously reported by the prize-winning journalist. With a new Afterword covering her trial and sentencing, bringing the story to a close. “Chilling ... Reads like a thriller ... Carreyrou tells [the Theranos story] virtually to perfection.” —The New York Times Book Review In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the next Steve Jobs: a brilliant Stanford dropout whose startup “unicorn” promised to revolutionize the medical industry with its breakthrough device, which performed the whole range of laboratory tests from a single drop of blood. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at more than $9 billion, putting Holmes’s worth at an estimated $4.5 billion. There was just one problem: The technology didn’t work. Erroneous results put patients in danger, leading to misdiagnoses and unnecessary treatments. All the while, Holmes and her partner, Sunny Balwani, worked to silence anyone who voiced misgivings—from journalists to their own employees. |
carillion accounting scandal explained: The Challenge of Public-private Partnerships Graeme A. Hodge, Carsten Greve, 2005-01-01 Análise comparativa sobre parceria público privada e contrato de serviço social nos seguintes locais: Reino Unido, Estados Unidos, Suécia, Dinamarca, Alemanha, Austrália, Ásia. |
carillion accounting scandal explained: Socialism, Capitalism and Alternatives Peter J. S. Duncan, Elisabeth Schimpfössl, 2019-10-14 In 1989 the Berlin Wall came down. Two years later the Soviet Union disintegrated. The collapse of communism in Eastern Europe and the Soviet Union discredited the idea of socialism for generations to come. It was seen as representing the final and irreversible victory of capitalism. This triumphal dominance was barely challenged until the 2008 financial crisis threw the Western world into a state of turmoil. Through analysis of post-socialist Russia and Central and Eastern Europe, as well as of the United Kingdom, China and the United States, Socialism, Capitalism and Alternatives confronts the difficulty we face in articulating alternatives to capitalism, socialism and threatening populist regimes. Beginning with accounts of the impact of capitalism on countries left behind by the planned economies, the volume moves on to consider how China has become a beacon of dynamic economic growth, aggressively expanding its global influence. The final section of the volume poses alternatives to the ideological dominance of neoliberalism in the West. Since the 2008 financial crisis, demands for social change have erupted across the world. Exposing the failure of neoliberalism in the United Kingdom and examining recent social movements in Europe and the United States, the closing chapters identify how elements of past ideas are re-emerging, among them Keynesianism and radical socialism. As those chapters indicate, these ideas might well have potential to mobilise support and challenge the dominance of neoliberalism. |
carillion accounting scandal explained: Essentials of Corporate Fraud Tracy L. Coenen, 2008-02-13 Full of valuable tips, techniques, illustrative real-world examples, exhibits, and best practices, this handy and concise paperback will help you stay up to date on the newest thinking, strategies, developments, and technologies in corporate fraud. Essentials of Corporate Fraud provides an introductory look at fraud and the kinds of fraud that can occur in various areas of a company. |
carillion accounting scandal explained: Small Actions: Leading Your Career To Big Success Eric Sim, Simon Mortlock, 2021-11-26 The 'small actions' you take today can put you on the path to big career success tomorrow. If these actions are innovative, intelligent and well-timed, they can make a lasting impact and help you navigate your career journey in the face of uncertainty and disruptions.A key opinion leader on LinkedIn, Eric Sim shares practical and actionable tips to help you achieve your career goals. He draws these from his diverse real-life experience — from selling street food and training to be an engineer, to becoming a managing director at UBS Investment Bank.Arranged thematically into 66 bite-sized chapters, this book brings together a series of relatable stories and case studies. You'll learn valuable career lessons, such as why it's important to be a 'combo specialist', and how you can influence people and build your personal brand. Whether you're just starting out in the workforce or are looking to get further ahead, let this book inspire you to take powerful small actions of your own. |
carillion accounting scandal explained: Financial Failures and Scandals Krish Bhaskar, John Flower, 2023-01-09 This concise volume evaluates the causes and significance of recent corporate failures and financial scandals, and the roles of external auditors, financial reports, watchdogs, boards, directors and senior management. Failures like the collapse of Carillion, examined at length, have led to a crisis of confidence in financial reporting. |
carillion accounting scandal explained: Corporate Defense and the Value Preservation Imperative Sean Lyons, 2016-09-19 This is the first book to finally address the umbrella term corporate defense, and to explain how an integrated corporate defense program can help an organization address both value creation and preservation. The book explores the value preservation imperative, which represents an organization’s obligation to implement a comprehensive corporate defense program in order to deliver long-term sustainable value to its stakeholders. For the first time the reader is provided with a complete picture of how corporate defense operates all the way from the boardroom to the front-lines, and vice versa. It provides comprehensive guidance on how to implement a robust corporate defense program by addressing this challenge from strategic, tactical, and operational perspectives. This arrangement provides readers with a holistic view of corporate defense and incorporates the management of the eight critical corporate defense components. It includes how an organization needs to integrate its governance, risk, compliance, intelligence, security, resilience, controls and assurance activities within its corporate defense program. The book addresses the corporate defense requirement from various perspectives and helps readers to understand the critical interconnections and inter-dependencies which exist at strategic, tactical, and operational levels. It facilitates the reader in comprehending the importance of appropriately prioritizing corporate defense at a strategic level, while also educating the reader in the importance of managing corporate defense at a tactical level, and executing corporate defense activities at an operational level. Finally the book looks at the business case for implementing a robust corporate defense program and the value proposition of introducing a truly world class approach to addressing the value preservation imperative. Cut and paste this link (https://m.youtube.com/watch?v=u5R_eOPNHbI) to learn more about a corporate defense program and how the book will help you implement one in your organization. |
carillion accounting scandal explained: Eliminating the Expectations Gap? Prem Sikka, 1992 |
carillion accounting scandal explained: Money for Nothing Thomas Levenson, 2020 The sweeping story of how the greatest minds of the Scientific Revolution applied their new ideas to people, money, and markets--and invented modern finance along the way. |
carillion accounting scandal explained: Understanding Well-being Data Susan Oman, 2021 'Following the data' is a now-familiar phrase in Covid-19 policy communications. Well-being data are pivotal in decisions that affect our life chances, livelihoods and quality of life. They are increasingly valuable to companies with their eyes on profit, organisations looking to make a social impact, and governments focussed on societal problems. This book follows well-being data back centuries, showing they have long been used to track the health and wealth of society. It questions assumptions that have underpinned over 200 years of social science, statistical and policy work. Understanding Well-being Data is a readable, introductory book with real-life examples. Understanding the contexts of data and decision-making are critical for policy, practice and research that aims to do good, or at least avoid harm. Through its comprehensive survey and critical lens, this book provides tools to promote better understanding of the power and potential of well-being data for society, and the limits of their application. |
carillion accounting scandal explained: The Auditor Mervyn King, Mervyn E. King, Linda De Beer, 2018 The audit profession is at a tipping point. The book outlines the critical success factors needed for a sustainable audit profession for auditors, company directors and regulators. |
carillion accounting scandal explained: The Cost of Free Money Paola Subacchi, 2020-09-15 A penetrating account of how unchecked capital mobility is damaging international cooperation, polarizing the economic landscape, and ultimately reshaping the global order When it comes to the afflictions of the global economy, almost everyone—and especially Donald Trump—is quick to point the finger of blame at the state of international trade. But what about unconstrained capital flows? Unfettered capital has resulted in a string of financial and economic crises that have left our political systems strained and dialogue corroded. The once perceived benefits of openness have been cast to the wayside and the cracks in the global order can no longer be ignored. Paola Subacchi argues that international cooperation and interdependence have become crippled. Regional restrictions will soon strengthen and a multipolar order will take shape, leading to a distinctly transformed economic landscape in which China challenges the dominance of the US dollar. Combining history, analysis, and prediction, this book provides penetrating insight into the challenges facing the international economic order. |
Carillion - Wikipedia
Carillion plc was a British multinational construction and facilities management services company headquartered in Wolverhampton in the United Kingdom, prior to its liquidation in January …
Carilion Clinic | Hospitals & Physicians in Virginia | Carilion Clinic
Carilion Clinic provides comprehensive healthcare services through its hospitals and physicians in Virginia.
Carillion: Six charts that explain what happened - BBC News
Jan 19, 2018 · The collapse of construction giant Carillion has put thousands of jobs at risk across the UK. Here are six charts and maps that tell the story of the firm's demise.
Carillion Collapse: What To Know About Its Liquidation - Fortune
Jan 15, 2018 · Here's how Carillion, the U.K.'s second-largest construction giant, got into such dire straits.
Carillion collapse: what went wrong? - The House of Commons …
Jan 19, 2018 · Carillion has been criticised for its aggressive bidding and accounting. ‘Aggressive accounting’ is the practice of declaring revenue and profits based on optimistic forecasts, …
How Carillion's demise could affect you - Sky News
Jan 15, 2018 · Carillion is the second-largest supplier to Network Rail. Its work includes track, signalling and building projects - recently completing a scheme in Edinburgh over the festive …
Thomas Rees Memorial Carillon, joins us for concerts and events
Welcome! The Springfield Park District’s Thomas Rees Memorial Carillon is one of the largest and finest of the world’s carillons. Located in historic Washington Park, the Rees Carillon is the site …
What happened to Carillion? - Arlingclose
Over two years ago, on 15 th January 2018, the private contractor Carillion took steps to enter into compulsory liquidation with immediate effect after suffering significant financial troubles, but …
Carillion: Record fine for KPMG over 'exceptional' failure
Oct 12, 2023 · Auditing giant KPMG has been handed a record fine over "exceptional" failures in its accounting work for Carillion, the construction giant which collapsed in 2018.
Where did it go wrong for Carillion? - BBC News
Jan 12, 2018 · Construction giant Carillion is going into liquidation after its huge financial troubles finally overwhelmed it. The UK's second-largest construction company buckled under the …
Carillion - Wikipedia
Carillion plc was a British multinational construction and facilities management services company headquartered in Wolverhampton in the United Kingdom, prior to its liquidation in January …
Carilion Clinic | Hospitals & Physicians in Virginia | Carilion Clinic
Carilion Clinic provides comprehensive healthcare services through its hospitals and physicians in Virginia.
Carillion: Six charts that explain what happened - BBC News
Jan 19, 2018 · The collapse of construction giant Carillion has put thousands of jobs at risk across the UK. Here are six charts and maps that tell the story of the firm's demise.
Carillion Collapse: What To Know About Its Liquidation - Fortune
Jan 15, 2018 · Here's how Carillion, the U.K.'s second-largest construction giant, got into such dire straits.
Carillion collapse: what went wrong? - The House of Commons …
Jan 19, 2018 · Carillion has been criticised for its aggressive bidding and accounting. ‘Aggressive accounting’ is the practice of declaring revenue and profits based on optimistic forecasts, …
How Carillion's demise could affect you - Sky News
Jan 15, 2018 · Carillion is the second-largest supplier to Network Rail. Its work includes track, signalling and building projects - recently completing a scheme in Edinburgh over the festive …
Thomas Rees Memorial Carillon, joins us for concerts and events
Welcome! The Springfield Park District’s Thomas Rees Memorial Carillon is one of the largest and finest of the world’s carillons. Located in historic Washington Park, the Rees Carillon is the site …
What happened to Carillion? - Arlingclose
Over two years ago, on 15 th January 2018, the private contractor Carillion took steps to enter into compulsory liquidation with immediate effect after suffering significant financial troubles, but …
Carillion: Record fine for KPMG over 'exceptional' failure
Oct 12, 2023 · Auditing giant KPMG has been handed a record fine over "exceptional" failures in its accounting work for Carillion, the construction giant which collapsed in 2018.
Where did it go wrong for Carillion? - BBC News
Jan 12, 2018 · Construction giant Carillion is going into liquidation after its huge financial troubles finally overwhelmed it. The UK's second-largest construction company buckled under the …