Bizcovering

Despite the recession, despite the stock market crash, Warren Buffett remains one of the world’s richest men and one of our greatest investors. How does he do it? In fact, it’s not rocket science – his investment philosophy is fairly simple.

Sometimes, corporate scandal may involve some sort of accounting fraud. Integrity is a quality that all practicing accountants should possess. An accountant should make sure that the financial statements he or she has prepared, fairly and accurately reflect a company’s financial condition as these information will influence decisions made by both internal (owners and management) and external parties (creditors, investors, government agencies). Here are just three of the many major accounting scandals that had plagued the corporate landscape in the past decade and how these indiscretions have affected the lives of thousands.

A comparison of the portfolios of Warren Buffett’s Berkshire Hathaway and Vice Chairman’s Wesco Financial.

GE today announced plans to offer at least $12 billion of common stock to the public. In addition, GE announced that it has reached agreement to sell $3 billion of perpetual preferred stock in a private offering to…