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Publisher's Summary

The best-selling classic from the “Sherlock Holmes of Accounting” - updated to reflect the key case studies and most important lessons from the past quarter century.

This fourth edition of the classic guide shines a light on the most shocking frauds and financial reporting offenders of the last 25 years and gives investors the tools they need to detect:

  • Corporate cultures that incentivize dishonest practices
  • The latest tricks companies use to exaggerate revenue and earnings
  • Techniques devised by management to manipulate cash flow as easily as earnings
  • Companies that use misleading metrics to fool investors about their financial performance
  • How companies use acquisitions to hide deterioration in their underlying business

This new edition focuses on the key case studies and most important lessons from the past quarter century and brings you up to date on accounting chicanery in the global markets. Howard Schilit and his team of renowned forensic accounting experts expose financial reporting miscreants and unveil the latest methods companies use to mislead investors. You’ll learn everything you need to know to unearth deceptive reporting and avoid costly mistakes.
 

©2018 Howard M. Schilit (P)2018 McGraw Hill Digital

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do not

I think this book is a must for all investors. if you know how financial data is manipulated, you can avoid terrible purchases and it helps you to understand how to choose a company to buy.

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Tired, Old Investing Homilies

If you are looking for examples or case histories of financial shenanigans, then you needn't look here. The book is just page after page of tired old investing homilies over which have been sprinkled a handful of shenanigan anecdotes. Boring, boring, boring. Even what advice there is isn't given in sufficient detail that one could make any use of it. Stone cold financial pablum.

1 of 2 people found this review helpful