Accounting irregularities are at the heart of those kinds of frauds that hit financial statements and include misstatement, misclassification as well as misrepresentation. In essence, they involve the manipulation of accounting data, description or disclosure in order to distort the true financial picture of the organisation in question.

Subjects include: the basics of accounting irregularities in the context of the financial reporting environments, and generally accepted accounting principles in the UK and Hong Kong; common ways in which perpetrators create financial illusions; ways that perpetrators manipulate the classification and disclosure of financial statements; tax evasion; theft; commercial dispute; and deterrents to accounting irregularities within the organisation in question, and the external environment.

Regulators will find this book a useful resource of ideas and references when considering reforms; educators and students will see this book as an alternative, inspiring way of understanding accounting and how to stay alert from accounting irregularities.