Hidden Financial Risk

An insider's guide to understanding and eliminating accounting
fraud

How do these high-profile accounting scandals occur and what could
have been done to prevent them. Hidden Financial Risk fills that
void by examining methods for off balance sheet accounting, with a
particular emphasis on special purpose entities (SPE), the
accounting ruse of choice at Enron and other beleaguered companies.
J. Edward Ketz identifies the incentives for managers to deceive
investors and creditors about financial risk and also shows
investors how to protect their investments in a world filled with
accounting and auditing frauds.

J. Edward Ketz, PhD (State College, PA) is MBA Faculty Director and
Associate Professor of Accounting at Penn State's Smeal College of
Business. He has been cited in the press nearly 300 times since
Enron's bankruptcy, including The New York Times, The Wall Street
Journal, and The Washington Post. . He has a regular column in
Accounting Today.