Accounting Scandals

Every now and then a financial scandal comes into limelight. More often than not the person instrumental in bringing off the misappropriation of funds is the accountant. No financial scandal can ever be possible if the accountant is not taken in to confidence. Hence the accountants of major companies are always under the scrutiny. It is also common that the accountant is made the scapegoat if the scandal is somehow exposed. Hence it is very important for a business firm to have a very honest accountant whose background is thoroughly checked before handing him over the important task to managing the accounts.