http://www.forbes.com/sites/janetnovack/2013/08/09/how-secs-new-robocop-profiles-companies-for-accounting-fraud/

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

Last November, Francine McKenna reported in Forbes magazine how a stretched Securities & Exchange Commission, embarrassed at having missed Bernie Madoff’s $65 billion Ponzi scheme, had “reorganized its enforcement division, eliminating an accounting-fraud task force and adding new units to pursue crooked investment advisors and asset managers, market manipulations and violations of the Foreign Corrupt Practices Act.” Forbes wondered whether the SEC might end up overlooking the next Enron. Turns out, we weren’t the only ones worried. In April, former federal prosecutor Mary Jo White was sworn in as chairman of the SEC and quickly made clear there would be a renewed emphasis at the agency on detecting and punishing accounting shenanigans. In July, the agency announced formation of a new Financial Reporting and Audit Task Force which would, among other things, be using a new Accounting Quality Model (a.k.a. RoboCop). Continue reading →

http://www.businessinsider.sg/carson-block-muddy-waters-presentation-2014-9/#.VOIEYNH9kdW

Posted by Latha Do NADARAJAN , Year 3 undergrad at the School of Accountancy, Singapore Management University

Muddy Waters Research CEO/founder Carson Block spoke to accounting students at Baruch College on Wednesday afternoon about short-selling.

Block is famous for targeting Chinese companies he believes are frauds. Continue reading →

http://www.businessinsider.sg/21vianet-shares-fall-after-company-called-ponzi-scheme-2014-9/#.VOID-9H9kdV

Posted by Latha Do NADARAJAN , Year 3 undergrad at the School of Accountancy, Singapore Management University

Shares of 21Vianet were down as much as 30% on Wednesday after independent research firm Trinity Research Group published a dizzying 121-page report calling the company a Ponzi scheme.

The $1.2 billion company has recovered some of its market value in late-morning trading.

Trinity says it conducted, “a six-month investigation of 21 Vianet Group with an expanded team of local accountants, lawyers, telecom and Internet industry executives/insiders and VNET customers, partners and former employees.” Continue reading →

Part 2: https://asianextractor.com/2015/02/26/noble-group-fair-values-and-operating-cash-flows-iceberg-report-part-2/

Related post: https://asianextractor.com/2015/02/26/do-investors-overvalue-firms-with-bloated-balance-sheets-noble-overstated-commodity-values-by-at-least-3-8-bln-iceberg-research/

http://dealbook.nytimes.com/2013/06/03/the-s-e-c-is-bringin-sexy-back-to-accounting-investigations/?_r=2

Posted by CHEN Liting, Year 3 undergrad at the School of Accountancy, Singapore Management University

In April 2003, a New York Times article discussed the push by federal prosecutors to crack down on accounting fraud in which one expert said, “These have become the hot, sexy cases.” Continue reading →

http://country.eiu.com/article.aspx?articleid=492759433&Country=South%20Korea&topic=Economy

Posted by YEO Wei Lin, Year 3 undergrad at the School of Accountancy, Singapore Management University

http://uk.reuters.com/article/2014/07/02/china-financing-oil-idUKL4N0P635J20140702

Posted by GOH Shuqi, Year 3 undergrad at the School of Accountancy, Singapore Management University

(Reuters) – Chinese petrochemical imports have become the latest commodity financing tool to come under investigation for possible fraud, highlighting the risks from the widespread use of raw materials as collateral to raise loans and skirt credit restrictions.

Continue reading →

Posted by Terence CHUA Tong Liang, Year 4 undergrad at the School of Accountancy, Singapore Management University

“SGX has been tyrannous in the use of its strength”, Yeak Wai Kong, one of China Sky’s former independent directors said in Court through his lawyer at the High Court in April 2012. He claimed that “SGX has clearly breached the rules of natural justice” by not giving him an opportunity to respond.

http://www.bloomberg.com/news/articles/2012-04-18/china-sky-ex-director-takes-on-singapore-bourse-on-rebuke

The court hearing took place just four months after SGX had taken China Sky to court for the first time in history for failing to comply with their regulation but withdrew their application dramatically a month later. The then chief executive of China Sky, Huang Zhong Xuan had said in minutes of a meeting released to the court stating that, “the company’s position was similar to that of a bullied child.” Continue reading →

http://www.economist.com/node/21547255

Posted by LIM Hui Jie, Year 4 undergrad at the School of Economics, Singapore Management University

IT IS sometimes asserted that low South Korean equity valuations stem from the threat of instability in North Korea. That explanation looked a lot less convincing after the death of Kim Jong Il in December, when the KOSPI 200 index of leading shares and the won, the South Korean currency, both quickly shrugged off the news. Continue reading →