Parmalat SpA is an Italian multinational dairy and food corporation. Having become the leading global company in the production of long-life milk using ultra -high-temperature processing, the company collapsed in with a €14bn ($ 20bn; £13bn) hole in its accounts in what remains Europe’s biggest bankruptcy. . Text is available under the Creative Commons Attribution-. It seems logical that the key rationale behind the Parmalat accounting fraud was to try to keep the company aoat (Storelli, ).7 In , Parmalat’s nancial. Many of the biggest corporate accounting scandals in history happened during that time. Here’s a chronological look back at some of the worst examples.

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As accounting forms a central element of any business success or failure, the role of accounting is crucial in understanding business scandals. This book aims to explore the role of accounting, particularly creative accounting and fraud, in business scandals.


Parmalat – Wikipedia

The book is divided into three parts. In Part A the background and context of creative accounting and fraud is explored.

Part B looks at a series of international accounting scandals and Part C draws some themes and implications from the country studies. Stay ahead with the world’s most comprehensive technology and business learning platform. With Safari, you learn the way you learn best.

Get unlimited access to videos, live online training, learning paths, books, tutorials, and more. Start Free Trial No credit card required. Parmaat table of contents.

Introduction — Setting the Scene 1. The Creative Accounting and Fraud Environment 2.

Creative Accounting, Fraud and International Accounting Scandals

Motivations to Indulge in Creative Accounting and Fraud 3. Methods of Creative Accounting and Fraud 4. Evidence for Creative Accounting and Fraud 5.

Taking the Long View: Accounting Scandals over Time 7. Accounting Scandals in Australia since the Late s 8. Corporate Accounting Scandals in China 9. Accounting Scandals in Germany Flowtex and Comroad Creative Accounting and Fraud in Greece Corporate Creative Accounting in India: Extent acconting Consequences Creative Accounting and Accounting Scandals in Italy A Case Study Analysis The Parmalat Case Creative Accounting and Accounting Scandals in Japan Financial Accounting Scandals in the Netherlands Creative Accounting and Financial Scandals in Spain Swedish Stock Market Darlings Identifying Some Themes Conclusion — Looking Backwards and Forwards