The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "GAAP" ...
-
Shriners Hospitals for Children Investigation Series
Freelance reporter Sandy Frost investigated a tip from Shriner Vernon Hill that there were irregularities in the way the fraternal Shriners organization and the charitable Shriners organizations were handling their money and not complying with Standards For Charitable Accountability.
Tags: Ancient Arabic Order of the Nobles of the Mystic Shrine AKA Shriners; Standards for Charity Accountability; 2001 Criminal Tax Manual; Hershel Gober; Philanthropic Research, Inc. AKA Guidestar.org; Second Avenue Partners; Mike Slade; Aquantive; Nick Hanauer; Shriners; Masons; Knights Templar; Royal Order of Jesters; National Sojourners Order of Quetzacoatl; Mike Severe, Imperial Officer, Shrine of America; compensation; real estate transactions; excessive benefit transactions; charitable donation fraud; HIPPA; Sarbanes-Oxley Act of 2002; Vernon Hill; Suite101.com; Paul Dolnier; 501c10 non profit fraternal corporation; 501c3 non profit charity; Better Business Bureau; Charity Watch Center; Pennsylvania's Charitable Special Investigation Unit; Internal Revenue Service; IRS; good old boy system; U.S. Senate Committee on Finance; whistleblower retaliation; Charles G. Cumpstone Jr., Potentate Stewart W. Lewis; Charities Review Council of Minnesota; Generally Accepted Accounting Principles; GAAP; Independent Sector; SLAPP: strategic lawsuits against public participation; Cabiri Royal Order of Scotland; International Order of Demolay
-
Raines Leaves Fannie Uncovered on Rates; Fannie Filings Understated Raines' Pay
Taking cues from an indisputable windfall for investors in 2003 that saw record low interest Rates, The Street paints the darker side of this seemingly bright picture. Beneath all the extensive shopping and sprees lay the sorry tale of Fannie Mae, the backbone of the U.S housing market, whose financials were plummetting all the way thanks to its head who never prepared the company for such a steep drop in interest rates. Of course Fannie Mae suffered. But further down, the Street also reveals how Mae's CEO Franklin Raines failed to show his actual earnings over the past few years when the company was supposed to be going through a period of supposedly greater transparency
Tags: mortgage; Freddie Mac; GAAP
-
New ethics or no ethics?
This multi-piece report analyzes the ethical transgressions that some Internet entrepeneurs have performed as Internet-based companies have become more valuable in the stock market during the last part of the 1990's and the beginning of the 2000 decade. The reporters tell the story of several CEO's who made millions of dollars by selling stock of companies they were running and which seemed robust, but were extremely volatile.
Tags: Internet; Internet entrepeneurs; venture capitalists; Wall Street; Silicon Valley; Generally Accepted Accounting Principles (GAAP); Financial Accounting Standards Board; Securities and Exchange Commission (SEC); Investor Responsibility Research Center
-
Selective Disclosure Series: Whispers That Roar; The End of Earnings as We Know Them; Access Denied
This three-part series investigates how a) Wall Street's "$10-million-a-year superstar analysts" reserve their true "whispers" estimates to leak to big investors and "deliberately lie" to other investors; b) "... how companies - with the approval of their accountants - are now able to understate their losses and overstate their earnings."; c) "Companies routinely disclose market-sensitive information at closed-door conferences with big investors and analysts, giving them a chance to trade first and putting small investors at a disadvantage."
-
Numbers Game at Bausch & Lomb?
Business Week reports that "Although Bausch & Lomb Corp. had admitted its earnings in 1994 were suffering due to high distributor inventories, the company never explained how the inventories became so high. In a lengthy investigation, Business Week uncovered a bizarre tale behind the problems, including strong evidence that B&L had engaged in questionable accounting practices."
-
Unlimited Liability
The National Law Journal reports that "Accountants' legal exposure is fuzzy, but the bottom line is clear: Damages are exploding..... Less clear is whether the meganumbers add up to a new dimension in exposure for the profession.