Financial Failures and Scandals

"Enron and Carillion are household names, not because of what they were, but because of the way they failed. The extent to which the auditors can be blamed for these and many other corporate failures is an important public policy issue. This interesting and well researched book highlights the role of accounting and auditors in some of the highest profile failures of recent years. It is a useful contribution to the current debate on what needs to change in accounting and auditing practice.", Geoff Wilkinson held a range of senior economic and financial positions with the British Steel Corporation before moving into investment banking. He was Finance Director and subsequently Managing Director of Laird plc, a FTSE 250 company, and Chair of the Audit Committee for the Eden Project.

"This book is a first in that it examines a number of recent financial scandals and corporate failures in the UK and further afield. Placing earlier pivotal cases in perspective, it then concentrates on current cases, culminating in a forensic financial dissection of the Carillion collapse, using a variety of analytical techniques including financial modelling. By critically analysing the Carillion collapse, and other recent cases, it sets out a detailed analysis of what went wrong, and who was to blame. An accompanying online resource also updates recent cases such as Patisserie Valerie.", Vaiz Karamatullah, Former CFO of Arab conglomerates in various Middle Eastern countries; presently Trustee of The Graham Layton Trust, a UK charity supporting free eye care overseas.