J.Edward Ketz is a financial risk.

There is a guide to understanding and eliminating accounting fraud. How do accounting scandals happen and what can be done to prevent them? Hidden Financial Risk looks at methods for off balance sheet accounting with a particular emphasis on special purpose entities. J. Edward Ketz shows investors how to protect their investments in a world filled with accounting and auditing frauds. It’s not like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it J. Edward Ketz is an associate professor at the Smeal College of Business at Penn State. The New York Times, The Wall Street Journal, and The Washington Post have all written about him. He writes a column for Accounting Today.

TABLE OF CONTENTS

Preface.

My investments went down.

1. What? Another Accounting Scandal?
2. Balance Sheet Woes.

Part II. Financial risk is hidden.

3. How to Hide Debt with the Equity Method.
4. How to Hide Debt with Lease Accounting.
5. How to Hide Debt with Pension Accounting.
6. How to Hide Debt with Special Purpose Entities.

Part III. There were failures that led to fatal accidents.

7. The Failure of Managers and Directors.
8. The Failure of the Auditing Profession.
9. The Failure of Regulation.
10. The Failure of Investors.

Part IV. Financial reports are confidential.

Chapter 11 Andersen has a solution.

There is a bibliography.

Index.

AUTHOR INFORMATION

1. EDWARD KETZ, PhD, is MBA Faculty Director and Associate Professor of accounting at Penn State’s Smeal College of Business. He has been cited in the press over 500 times since Enron’s bankruptcy, and is well known as an accounting expert as attested in writings, vast citations in the press and on television, including the New York Times, the Wall Street Journal, and the Washington Post. His column “Accounting Annotations” is published in Accounting Today and his column “Accounting Cycle: Wash, Rinse, and Spin” appears regularly at SmartPros.com. He is also the author of Bridge Accounting: Procedures, Systems, and Controls (Wiley).