The purpose of this research is to provide readers with an initial understanding of corporate scandals and their impact on the financial services industry, various products & services, various markets & distribution channels, and specific financial services firms. The research addresses prominent corporate scandals such as Enron, WorldCom, & Global Crossing as well as other newsworthy corporate scandals such as Martha Stewart & ImClone.
This research addresses corporate scandals history, including the following phases:
- Early Phase
- First Accounting Scandals Phase
- Insider Trading Scandals Phase
- Second Accounting Scandals Phase
This research makes the following conclusions:
- Historical Trend of the Corporate Scandals Coming from the Telecom & Healthcare Industries
- Spotlight Shed on Financial Services Firms Associated with Corporate Scandals
- Further Unraveling of Corporate Scandals
- CPA & Law Firms to Benefit from the Increase in Scrutiny of Corporations
