Hidden Financial Risk（英文版）
Hidden, Financial, Risk
Library of Congress Cataloging-in-Publication Data
Ketz, J. Edward.
Hidden financial risk : understanding off-balance sheet accounting / J. Edward Ketz.p. cm.
Includes bibliographical references and index.
ISBN 0-471-43376-4 (CLOTH)
1. Accounting—Case studies. 2. Accounting firms—Corrupt
practices—Case studies. 3. Business ethics—Case studies. I. Title.
HF5635 .K43 2003
658.15′5—dc21
2003003952
Printed in the United States of America
Contents
PART I My Investments Went Ouch!              1
1 What? Another Accounting Scandal?           3
2 Balance Sheet Woes                          33
PART II Hiding Financial Risk                 51
3 How to Hide Debt with the Equity Method     53
4 How to Hide Debt with Lease Accounting      73
5 How to Hide Debt with Pension Accounting    103
6 How to Hide Debt with Special-Purpose Entities  125
PART III Failures that Led to Deceptions          149
7 Failure of Managers and Directors               151
8 Failure of the Auditing Profession              173
9 Failure of Regulation                           213
10 Failure of Investors                           233
PART IV Making Financial Reports Credible         251
11 Andersen Has the Solution—Really!             253