Thursday, September 18, 2003

Another page from the annals of modern business ethics: we now have a new case of companies using tricky accounting to defraud their clients. Specifically, the companies in question negotiated deep discounts on travel, and then billed clients for the full face value of their airplane tickets, hotel rooms, and so forth, pocketing the difference.

Who was involved in this accounting fraud? Three of the four major accounting firms...


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