Mark Nelson is the Anne and Elmer Lindseth Dean at Cornell University’s Samuel Curtis Johnson Graduate School of Management. Robert Libby is the David A. Thomas Professor of Management. Both are longtime Johnson professors and experts in financial accounting. In this episode, we learn about some infamous accounting fraud cases and then delve into academic research that illustrates how managers slide down the "slippery slope" to accounting fraud by justifying their own actions against egregious examples. We also discuss how new revenue recognition standards could shape future financial frauds and could make fraud more difficult to catch.
|Links from the Episode at presentvaluepodcast.com|
|Episode Article: Nelson and Libby on financial accounting fraud, past and future|
|Faculty Page: Dean Mark Nelson - Johnson, Cornell ; Robert Libby - Johnson, Cornell|
|Textbook: Financial Accounting (Amazon link)|