Jan 16, 2007 | Accounting Frauds
Harry Potter magic failed to save the drop in profit of St.Ives(the printer of Harry Potter books) due to accounting errors in the company’s book. The error was discovered in the in store promotion division of the company. The bulk of the errors occurred between...Jan 16, 2007 | Accounting Frauds
Recently read an article about an “informal” inquiry from the SEC of IMAX Corp, the movie theater company. The issue here is that the company inflated its revenue by recognizing revenue from phantom movie theaters, the theaters that weren’t yet opened.This...