会计舞弊财务舞弊外文翻译文献(文档含中英文对照即英文原文和中文翻译)原文：Global Corporate Accounting Frauds and Action for Reforms1、IntroductionDuring the recent series of corporate fraudulent financial reporting incidents in the U.S., similar corporate scandals were disclosed in several other countries. Almost all cases of foreign corporate accounting frauds were committed by entities that conduct their businesses in more than one country, and most of these entities are also listed on U.S. stock exchanges. Following the legislative and regulatory reforms of corporate America, resulting from the SarbanesOxley Act of 2002, reforms were also initiated worldwide. The primary purpose of this paper is twofold: (1) to identify the prominent American and foreign companies involved in fraudulent financial reporting and the nature of accounting irregularities they committed; and (2) to highlight the global reaction for corporate reforms which are aimed at restoring investor confidence in financial reporting, the public accounting profession and global capital markets.2、Cases of Global Corporate Accounting FraudsThe list of corporate financial accounting scandals in the U.S. is extensive, and each one was the result of one or more creative accounting irregularities. Exhibit 1 identifies a sample of U.S. companies that committed such fraud and the nature of their fraudulent financial reporting activities.AdelphiaCommunicationsFounding family collected $3.1 billion in off-balance-sheet loans backed by company. Earnings were overstated by capitalization of expenses and hiding debt.AOL Time WarnerBarter deals and advertisements sold on behalf of others were recorded as revenue to keep its growth rate high. Sales were also boosted via round-trip deals with advertisers and suppliers.Bristol-Myers SquibbInflated 2001 revenues by $1.5 billion by channel stuffing, forcing or giving inappropriate incentives to wholesalers to accept more inventory than they needed, to enable company to meet its 2001 sales targets*CMS EnergyExecuted round-trip (buy and sell) trades to artificially boost energy trading volume and revenues.Duke EnergyEngaged in 23 round-trip trades to boost trading volumes and revenues.DynegyExecuted round-trip trades to artificially boost energy trading volume, revenues and cash flows.EnronTops the list of biggest U.S. corporate collapses. Company boosted profits and hid debts totaling over $1 billion over several years by improperly using partnerships. It also manipulated the Texas power and California energy markets and bribed foreign governments to win contracts abroad.HalliburtonImproperly booked $100 million in annual construction cost overruns (revenues) before customers agreed to pay for them.MerckRecorded$14billionoverthreeyearsinconsumer-to-pharmacy co-payments that the company never collected.EXHIBIT 1. A SAMPLE OF CASES OF CORPORATE ACCOUNTINGFRAUDS IN THE U.S.A.QwestCommunicationsInflated revenues using network capacity swaps and improper accounting for long-term deals. Former CEO L. Dennis Kozlowski was indicted for tax evasion ($1 million of New York sales tax on art purchases). The SEC is investigating whether the company was aware of his actions, and possible improper use of company funds and related-party transactions, as well as improper merger accounting practices.WorldComTo cover losses, top executives overstated earnings by capitalizing $9 billion of telecom operating expenses, and thus overstating profits and assets over five quarters, beginning 2001. Founder Bernard Ebbers received $400 million in off-the-books loans.XeroxOverstated earnings for five years, boosting income by $1.5 billion, by misapplication of various accounting rules.3、Global Regulatory Action for Corporate and Accounting ReformsI. U.S. Sarbanes-Oxley Act of 2002 (SOA 2002)In response to corporate and accounting scandals, the effects of which are still being felt throughout the U.S. economy, and in order to protect public interest and to restore investor confidence in the capital market, U.S. lawmakers, in a compromise by the House and Senate, passed the Sarbanes-Oxley Act of 2002. President Bush signed this Act into law (Public Law 107-204) on July 30, 2002. The Act resulted in major changes to compliance practices of large U.S. and non-U.S. companies whose securities are listed or traded on U.S. stock exchanges, requiring executives, boards of directors and external auditors to undertake measures to implement greater accountability, responsibility and transparency of financial reporting. The statutes of the act, and the new SEC initiatives that followed, are considered the most significant legislation and regulations affecting the corporate community and the accounting profession since 1933. Other U.S. regulatory bodies such as the New York Stock Exchange (NYSE), the National Association of Securities Dealers Automated Quotation (NASDAQ) and the State So