Subject category:
Finance, Accounting and Control
Published by:
IBS Center for Management Research
Length: 15 pages
Data source: Published sources
Abstract
The case discusses the accounting frauds committed at the US-based telecommunications giant, Lucent Technologies Inc (Lucent), during early 2000. It provides an insight into the ways by which the financial statements were manipulated at Lucent. It examines the loopholes in the financial management of the company and the price it had to pay for circumventing the provisions of law. The case examines the allegations against Lucent and its officers with reference to the Securities Exchange Act, 1934. Finally, the case throws light on the damage control measures taken up by the new CEO to improve the company's performance and restore investor confidence.
Teaching and learning
This item is suitable for postgraduate courses.
Subject category:
Finance, Accounting and Control
Published by:
IBS Center for Management Research
Length: 4 pages
About
Abstract
The case discusses the accounting frauds committed at the US-based telecommunications giant, Lucent Technologies Inc (Lucent), during early 2000. It provides an insight into the ways by which the financial statements were manipulated at Lucent. It examines the loopholes in the financial management of the company and the price it had to pay for circumventing the provisions of law. The case examines the allegations against Lucent and its officers with reference to the Securities Exchange Act, 1934. Finally, the case throws light on the damage control measures taken up by the new CEO to improve the company's performance and restore investor confidence.
Teaching and learning
This item is suitable for postgraduate courses.Settings
Related
Subject category:
Finance, Accounting and Control
Published by:
IBS Center for Management Research
Length: 4 pages