LEADER 04438nam 2200505 450 001 9910162737903321 005 20170509085754.0 010 $a0-7735-9990-8 010 $a0-7735-9991-6 024 7 $a10.1515/9780773599901 035 $a(CKB)3710000001033175 035 $a(MiAaPQ)EBC4790206 035 $a(DE-B1597)656454 035 $a(DE-B1597)9780773599901 035 $a(EXLCZ)993710000001033175 100 $a20170206h20172017 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aEasy prey investors $ewhy broken safety nets threaten your wealth /$fAl Rosen and Mark Rosen 210 1$aMontreal, [Canada] :$cMcGill-Queen's University Press,$d2017. 210 4$dİ2017 215 $a1 online resource (399 pages) 311 $a0-7735-4819-X 320 $aIncludes bibliographical references and index. 327 $tFront Matter -- $tContents -- $tAcknowledgments -- $tPreface -- $tUnacceptable State of Affairs -- $tPonzi Schemes -- $tSino-Forest: Why Us? -- $tThe Hercules Managements Case -- $tEvolution of Canadian Financial Trickery -- $tThe Basics of Scam Detection -- $tInterest Rate Manipulation -- $tYield Scams -- $tCash Flow Games -- $tNortel and Its Clones -- $tRelated Party Nastiness -- $tThe Saga of Castor Holdings -- $tRevenue Trickery -- $tTime for a Pause -- $tConning Financial Analysts -- $tPotentially Troublesome Scenarios -- $tUnproductive Audits? -- $tThe Livent Inc. Case -- $tIPO Traps -- $tWatch for the Usual Suspects -- $tCanada?s Slippery Slopes -- $tThe Party Line -- $tIFRS in a Nutshell -- $tConceptual Flaws of IFRS -- $tDeficient IFRS -- $tREITs and Cash Flow: More Misleading IFRS -- $tIFRS and Extractive Industries -- $tIFRS Financial Analysis -- $tIFRS Analysis in Action -- $tTypical IFRS Traps -- $tPerpetual Ponzi Corporation -- $tIFRS vs. Old GAAP -- $tGovernment Neglect -- $tAppendices -- $tFinancial Statements Explained -- $tHercules Immunizes Canada?s Financial Statement Auditors -- $tStock Market Rides -- $tMainstreet Equity Corp. Illustration -- $tAdditional Reading / Viewing -- $tIndex 330 $aOver the past twenty-five years, a series of actions, omissions, and failures by Canada's lawmakers and the purported gatekeepers of investors' rights have left Canadians' investments, pensions, and retirement savings at greater risk. Bodies such as provincial securities commissions have abandoned their obligations to safeguard investors and allowed published and audited financial statements in Canada to become unreliable. Yet these distorted financial statements are often used by financial analysts who present them as accurate, leaving investors in the dark about serious risks and negative impacts on their savings. In Easy Prey Investors, investigative forensic accountants Al and Mark Rosen examine the circumstances ? beginning with a 1997 Supreme Court of Canada ruling that largely granted external auditors immunity against shareholder lawsuits ? that have led to a proliferation of corporate scandals and other financial manipulations, and a corresponding lack of accountability among auditors. Based on their many years of experience in major Canadian court cases involving collapsed companies, the authors reveal the full stories behind the financial deceptions, and describe the disturbing consequences for investors. They show how a combination of inaction by lawmakers and illogical delegation of regulatory power to conflicted financial statement auditors has seriously harmed investors, as well as how most conventional protections have been stripped away from stakeholders. Why invest in Canada when your money can so easily be lost? Prying open doors too often sealed shut, Easy Prey Investors illuminates the unpleasant details of financial manipulation and suggests new ways to guide and protect investors and their families. 606 $aCommercial crimes$zCanada 606 $aFraud$zCanada 606 $aCorporations$xCorrupt practices$zCanada 615 0$aCommercial crimes 615 0$aFraud 615 0$aCorporations$xCorrupt practices 676 $a345.710268 700 $aRosen$b Al$0973766 702 $aRosen$b Mark$f1973- 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910162737903321 996 $aEasy prey investors$92216056 997 $aUNINA