Accounting Fraud Attorneys
Accounting fraud occurs when a company intentionally falsifies or modifies its accounting records and fails to accurately record and report its situation. This type of fraud may involve the falsification of a company’s gains, losses, or expenses, leaving investors with an inaccurate picture of the company’s success. When a company’s fraudulent accounting is discovered, investors may file a class-action lawsuit to recover financial compensation for losses caused by the company’s deception or fraudulent activity.
If you have invested in a company and suspect or have evidence of accounting fraud that has affected your investments, contact the accounting fraud lawyers of Feazell & Tighe, LLP, at 877-508-0588 to discuss your legal rights and options with a skilled and experienced securities class action attorney.
Types of Accounting Fraud
There are many ways for a company to “cook the books” to deceive investors and others of a company’s true financial situation. Some common types of accounting fraud include:
- Violating Generally Accepted Accounting Principles (GAAP)
- Over-reporting revenues or assets
- Under-reporting losses, costs, or expenses
- Prematurely reporting revenue
A company who commits any act of inaccurate or premature reporting is guilty of accounting fraud. Not only is this type of activity illegal, but it can also have lasting repercussions for those who have invested money into the company. Investors might have thousands or even millions of dollars at stake that could be lost because of fraudulent accounting practices. It is therefore important to consult with an experienced class-action securities fraud lawyer as soon as you suspect or have evidence of accounting fraud.
Contact Us
Accounting fraud can have a severely negative impact for investors who hold securities with a company. If you have reason to believe that a company may have committed accounting fraud, do not hesitate to contact the accounting fraud lawyers of Feazell & Tighe, LLP, by calling 877-508-0588.
