The bestselling classic from the "Sherlock Holmes of Accounting" has been updated to reflect the key case studies and lessons of the past twenty-five years. This fourth edition of the classic guide highlights the most shocking frauds and violations of financial reporting from the last twenty-five years and provides investors with the tools they need to recognize:

• Corporate cultures that reward dishonest practices
• The latest tricks companies use to exaggerate revenues and profits
• Techniques developed by management to manipulate cash flow as easily as profits
• Companies that use misleading metrics to deceive investors about their financial performance
• How companies use acquisitions to hide a deterioration in their underlying business

This new edition focuses on the key case studies and lessons of the last twenty-five years and brings you up to date on accounting fraud in global markets. Howard Schilit and his team of renowned forensic accounting experts expose the wrongdoers in financial reporting and reveal the latest methods companies use to deceive investors. You will learn everything you need to know to uncover misleading reporting and avoid costly mistakes.