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Expert Analysis

2 New Accounting Fraud Cases Offer Lessons For Boards

By Fabian Roday and William Fotherby (May 26, 2020, 5:06 PM EDT) -- Within one week in April, two high-profile Chinese companies listed in the U.S. announced suspected cases of colossal revenue fraud. In many ways, these frauds appear to follow the classic revenue-fraud pattern: Management resort to fraud and creative accounting either to meet shareholder expectations or for their own personal gain....

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