- Jason Streets
- Keith Hiscock
- Mark Thomas
- Martin Hall
- Mike Foster
- Paul Singer
- Stephen Clapham
- Tony Williams
- Yingheng Chen
Hardman & Co Monthly: August 2018
Hardman & Co’s analysts have direct experience of uncovering accounting frauds. In this article, Steve Clapham outlines why we might see a surge in them over the next few years. He is engaged by institutions to teach their fund managers and analysts how to identify risks brought about by such frauds. Hardman & Co is pleased to offer this service to private investors.An explosion of accounting fraud:
A huge amount has been written about Carillion and its ineffectual audit but, unfortunately, Carillion could be the tip of the iceberg, and the next few years are likely to see an explosion in the discovery of frauds. After the last long bull market in the 1990s, a series of massive frauds was uncovered – Enron in 2000, WorldCom, Qwest and Global Crossing the following year, Tyco in 2002 and HealthSouth in 2003. In the space of just four years, nearly $0.5tr of market cap evaporated (probably equivalent to $1.5tr today).
We are a rapidly growing, innovative corporate research & consultancy business, based in London, serving the needs of both public and private companies.
Our expert team of sector analysts and market professionals collectively have over 400 years of experience. This depth of knowledge and a reputation for integrity have built trust with investors. With effective communication and precision distribution, we help companies disseminate their investment message to interested investors, as well as advise them on strategy.
Our smaller, boutique structure allows us to provide first-class customer service and to deliver a wide range of ad-hoc services for multiple clients with different needs.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.