Acquisition fraud involves deceptive practices during the buying or merging of companies, usually intended to influence valuation or conceal liabilities.
A dual contract is an illegal or unethical practice in which two different contracts are provided for the same transaction. One contract reflects a larger amount and is used to apply for a loan, while the real contract is for a lower amount.
Correction of a previously issued financial statement due to an accounting irregularity or misrepresentation. While restatement can result from honest error, the practice gained notoriety during the wave of corporate scandals in the early 2000s.
The Satyam scandal was an accounting scandal involving the Indian computer services company Satyam, where profits and asset values were artificially inflated through fraudulent activities, primarily by creating thousands of false invoices over a period of five years.
