Fraudulent Financial Reporting: 1998-2007 (COSO)

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has published a study, Fraudulent Financial Reporting: 1998-2007. It examines 347 alleged accounting fraud cases investigated by the US Securities and Exchange Commission (SEC) during that period. It also provides an in-depth analysis of the nature, extent and characteristics of the frauds and offers insights on new and ongoing issues to be addressed. Most of the frauds occurred before the Sarbanes-Oxley Act went into effect. (Read the COSO Press Release and also view a free Webinar and presentation slides that summarize the study's findings.)