http://www.routledge.com/books/details/9780415617147/

Posted by Nureen CHAN Wan Wei, Year 4 undergrad at the School of Accountancy, Singapore Management University

ABSTRACT
This chapter focuses on impression management in accounting communication. Impression
management entails the construction of an impression by organisations with the intention to
appeal to their audiences, including shareholders, stakeholders, the general public, and the
media. If successful, it undermines the quality of financial reporting and capital misallocations
may result. What is more, wider social and political consequences include unwarranted support
by non-financial stakeholders or by society at large. Impression management is examined by
reference to four perspectives: the economic, psychological, sociological, and critical. These
variously conceptualise impression management as reporting bias, self-serving bias, symbolic
management, and ideological bias.

http://www.thehindubusinessline.com/markets/sebi-mulls-new-group-for-manipulationprone-penny-stocks/article6904982.ece

SEBI mulls new group to check market manipulation through penny stocks

MUMBAI, FEB 17:  

To check market manipulation through ’penny stocks’, market watchdog SEBI will soon ask stock exchanges to create a new group for shares that are found to be prone to such activities. The new group may be called ‘T+’ and would include shares that remain susceptible to manipulative activities despite having been put in the ‘T’ group where trading is restricted to delivery-based trades within a small price band of up to five per cent and intra-day trades are not allowed. Continue reading →

http://indianexpress.com/article/business/business-others/sebi-cracks-whip-on-33-entities-in-r1800-cr-tax-evasion-case/

Sebi cracks whip on 33 entities in R1,800-cr tax evasion case

21 February 2015

Indian Express

In a major crackdown against market manipulation and tax evasion, the Securities and Exchange Board of India (Sebi) on Friday suspended trading in Kamalakshi Finance Corp (KFCL) and imposed trading restrictions on 33 entities for making undue gains of over Rs 1,800 crore. </p><p>While 24 entities have been barred from the capital market, nine others have been restrained from trading in the shares of Kamalakshi Finance.The regulator has suspended trading in 27 companies so far in such cases, wherein the manipulators are estimated to have made cumulative undue gains of about Rs 2,500 crore. </p><p>In the latest case, Sebi found that the entities used the preferential share route through Kamalakshi and their trades resulted into artificial increase in its price. “Thus, these group of entities prima facie manipulated the price of the scrip during the examination period (January 15, 2014 to December 26, 2014),” Sebi said in an order. Continue reading →

http://www.sundaytimes.lk/150215/business-times/sri-lankan-pump-and-dump-offenders-must-be-brought-to-book-jafferjee-135180.html

Sri Lankan pump and dump offenders must be brought to book – Jafferjee

15 February 2015

Sunday Times

By Duruthu Edirimuni Chandrasekera Sri Lankan investors who pump and dump on shares should be prosecuted with the same level of seriousness of other crimes such as burglary and theft, according to the CEO of a top broking firm. Murtaza Jafferjee, CEO JB Stockbrokers told the Business Times that pumping and dumping exists (contrary to some irrational beliefs in the past) and that totally illegal. “There’re two types of pump and dump – one is pump and dump on unsuspecting retailers; other is doing so on shares of fiduciary institutions such as the Employees Provident Fund (EPF) in connivance with officers within,” he said, highlighting that both these happened in the past at the Colombo Stock Market. Continue reading →

http://tribune.com.pk/story/838839/stock-investment-traders-create-false-demand-to-influence-market-behaviour/

Traders create false demand to influence market behaviour

Staff Reporter

17 February 2015

Plus News Pakistan

KARACHI: One reason most ordinary folk tend to stay away from stock investing is their belief that the share market is deeply manipulated. Continue reading →

http://www.theaustralian.com.au/business/financial-services/businessman-bryan-cook-in-german-jail-amid-finance-probe/story-fn91wd6x-1227261974843

Cook in soup as global broking empire crashes to earth

Ben Butler

14 March 2015

The Australian

Australian businessman Bryan Leonard Cook is in a lot of trouble. The 59-year-old has been held in a German jail since June last year while authorities there investigate him and his globe-spanning financial services empire, the London Capital group, for serious fraud and market manipulation, allegedly involving more than a dozen companies. Continue reading →

http://www.nytimes.com/2015/03/15/business/sec-wants-the-sinners-to-own-up.html?ref=business

S.E.C. Wants the Sinners to Own Up

MARCH 14, 2015

Mary Jo White, the S.E.C. chairwoman, in 2014. Under her leadership, the agency has undergone a shift in policy to require more companies and individuals to admit to misconduct as part of a settlement. CreditAlex Wong/Getty Images

By GRETCHEN MORGENSON

For decades, the Securities and Exchange Commission has allowed companies and individuals to make settlements without admitting any wrongdoing. Even a company committing an egregious sin that cost investors millions of dollars could walk away from the proceedings without ever acknowledging its role. Continue reading →

http://www.forbes.com/sites/robertbowman/2014/04/16/companies-are-failing-to-detect-financial-fraud-in-supply-chains-deloitte/2/

Posted by Hannah YAP Qing, Year 4 undergrad at the School of Accountancy, Singapore Management University

Robert BowmanContributor

LOGISTICS & TRANSPORTATION 4/16/2014 @ 5:59PM 6,353 views

Companies Are Failing to Detect Financial Fraud in Supply Chains: Deloitte

A surprising number of business executives are leaving their supply chains vulnerable to financial fraud, according to a new study by Deloitte Financial Advisory Services. Continue reading →

http://www.forbes.com/sites/riskmap/2015/02/12/behind-chinas-corruption-crackdown-whistleblowers/

Posted by KOH Ngiap Hao, Year 4 undergrad at the School of Accountancy, Singapore Management University

A top concern for most multinational companies doing business in China the last year has been the Chinese government’s dogged crackdown against corruption. Ask CEOs in China what wakes them at 2 a.m. in a cold sweat and their answer is simple: the dreaded “dawn raid.” What is less widely known is the outsized role that whistleblowers have played. Almost every major fraud or corruption crisis faced by multinational companies in the past year kicked off because of a whistleblower allegation. According to Chinese officials, four out of every five anti-corruption investigations are initiated by whistleblowers. Often these are former and disgruntled employees, suppliers, distributors, consumers, scammers and competitors—some complaints are legitimate, others not. Continue reading →