HealthSouth

INTRODUCTION HEALTHSOUTH Corporation (HEALTHSOUTH) began its rise in 1984 when Richard Scrushy, Aaron Beam, and other close associates make the HEALTHSOUTH Empire with venture capital from New Enterprise Associates of Baltimore. In the beginning, Richard Scrushy was the chief executive officer (CFO), Aaron Beam was named the chief pecuniary officer (CFO) and William Owen, an accountant from Ernst and Young, assumed the position of comptroller. HEALTHSOUTH went public in 1986 and began rapidly growing through the acquisition and construction of in the raw reclamation hospitals, outpatient clinics, and diagnostic service centers. HEALTHSOUTH was commonly referred to as the Pacman of rehabilitation and outpatient surgery due to numerous buyouts and mergers. HEALTHSOUTH and its administration linked force with public companies ignoring any and all conflicts of interest. CASE OVERVIEW As a public entity, HEALTHSOUTH under Richard Scrushys direction was primary pore on economic enrichment. Richard Scrushy demanded that HEALTHSOUTH would always attain analyst expectations by whatever means it took, including fallacious accounting. Experts are now convince that the accounting fraud, more then likely, began with the go withs establishment.

claw adjustments made to the accounting records by Aaron Beam were the beginning of the largest fraudulent accounting schemes in history. HEALTHSOUTH used fraudulent financial statements to warm well over $50 million from unsuspecting bankers. veritable(a) with marked executive turnover the fraud continued. Any HEALTHSOUTH violence that questioned the fraud found themselves not longer in the companys employment. HEALTHSOUTH under Richard Scrushys management was perceived by the community as an organization to powerful to go up against. Donations to the community were very common for Richard Scrushy, however once indicted he aligned himself with the African-American religious community in Birmingham in an... If you want to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper