Companies Darkest hour is just before the dawn: Fraud and its discontents

In light of the accounting scandals plaguing corporate America, board members who do not understand the increasingly complex financial transactions that companies engage in are placing their firms, and possibly themselves, in serious legal and financial jeopardy. But there is another, perhaps more subtle, message stemming from these scandals as well: Aggressive accounting, even the keeping of different sets of books, does not always constitute fraudulent behavior.
· Sets of books [News ]