|Business Credit Fraud Articles
Revelations of financial misrepresentations to come
Credit managers must ask themselves whether the Enron Corporation and the WorldCom Inc. bankruptcies are anomaly, or whether they are the tip of the iceberg of the revelations of financial misrepresentations to come. Here are some points to consider:
The real concern is not about the financial irregularities we know about, but the possibility of more examples of financial manipulation being reported. If this occurs, not only will the stock market suffer but the task of the credit manager will become more complicated since the credit manager must examine the financial condition of the company's publicly traded customers.
Reprinted with permission from the Covering Credit Newsletter 10/08/02 Edition © 2002 All Rights Reserved