Financial Accounting Blog

Thursday, March 18, 2004

Tax Me If You Can The link takes you to a program called FRONTLINE on PBS. The topic of this one was accounting and the use of tax shelters. From this site you can read the transcript, watch the program online, and find links to related readings.

The huge firm KPMG is a big focus in the program and it mainly pertains to unethical use of tax shelters in accounting for corporations. Some instances companies were showing huge losses, while in reality they were very profitable.