Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks and Fraud in Financial Reports

Financial Shenanigans (4th Edition) by Howard Schilit—the classic guide from the “Sherlock Holmes of Accounting”—reveals how companies manipulate financial statements to deceive investors.

Updated with major case studies and global examples from the past 25 years, this edition exposes:

• Corporate cultures that encourage fraud

• Tricks to inflate revenue, earnings, and cash flow

• Misleading metrics and acquisition tactics that hide business decline

Written by leading forensic accounting experts, this essential book equips investors with the tools to detect deceptive reporting, uncover hidden risks, and protect themselves from costly financial traps.