Managers Use of FAS No. 115 for Investment Securities to Manipulate Earnings

Authors

Jacob Given, Brigham Young University
Dr. T. Jeff Wilks, Brigham Young University

Keywords

fraud risk assessment, audit firms, SAS 99

College

Marriott School of Management

Department

Accountancy

Abstract

The United States is currently facing a perceived crisis in our financial reporting system. In recent years, a large increase in the number of financial frauds reported and subsequent business failures have led to concerns in both the public and private sectors as to the legitimacy of corporations published financial statements. These concerns have led to new regulations from regulatory agencies and oversight boards as well as legislation from the US Congress. The substance of these new regulations and legislation focus on the need for management, investors, regulators and auditors to become more involved in preventing and detecting financial statement fraud.

Recommended Citation

Given, Jacob and Wilks, Dr. T. Jeff (2013) "Managers Use of FAS No. 115 for Investment Securities to Manipulate Earnings," Journal of Undergraduate Research: Vol. 2013: Iss. 1, Article 2445.
Available at: https://scholarsarchive.byu.edu/jur/vol2013/iss1/2445