Graves Industries, Inc. (C): Consumer Hardware Division

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Supplement

Reference no. 9-187-047

Subject category: Finance, Accounting and Control

Authors: Kenneth A Merchant (Harvard Business School); Joseph P Mulloy (Harvard Business School)

Published by: Harvard Business Publishing

Originally published in: 1986

Version: 20 February 1991

Length: 7 pages

Data source: Generalised experience

Topics: Accounting procedures; Business ethics; Control systems; Corruption; Crime; Financial ethics; Fraud; Middle management

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Abstract

Describes events occurring over a three-year period in a division of Graves Industries. The division is being squeezed for profit, and managers in the division get involved in some fraudulent financial reporting schemes involving revenues and capitalization of expenses. A number of issues are raised concerning causes of the frauds and methods of preventing and/or detecting them.

Location:

Connecticut

Industry:

Industrial hardware

Size:

USD700 million revenues

Other setting(s):

1981-1986