ACCOUNTANT Essay Example | Topics and Well Written Essays - 250 words

ACCOUNTANT - Essay Example One overstated expenses aggressively while the second was the true record. It was hoped that the excess amounts, once approved by the IRS, would result in an excess of reimbursement that could be fed into the revenue stream and form a source of revenue for the business. This falsification of accounts is tantamount to fraud. It is known as a ‘qui tam’ or false claims case (Eichenwald, 1998, 3.1). When the amounts involved are quite large, the danger that Alderson faced, even after termination of employment could range from permanent injury to death threats to himself and his family. After his dismissal from service, Alderson and his family were forced to move from his house in Whitefish to a cramped cottage in rural Montana where they lived frugally. It took 13 years for a decision to be made and Alderson to be awarded with damages that were sufficient enough to cover his expenses and let him live a comfortable retirement. The principle that Mr. Alderson committed himself to after watching a partner sign an Audit Report at Arthur Anderson was that the signing had better mean that whatever was being committed to was correct and true to the best of the accountant’s knowledge and the opinion that they gave was without prejudice and vouched for the integrity of the records that they had checked and